Topic: The Relationship Between Cryptocurrency and Traditional Banking - page 3. (Read 672 times)
February 04, 2024, 04:43:44 AM
I might be wrong, but if the CBDCs rumors are true, traditional banking might end up disappearing, as there is no need for an intermediary (the FED or the BCE could directly handle it). In such case, it could be the case that some "bitcoin banks" might show up, mainly due to the fact that self custody will not be feasible for most people, either because they are not technically capable, or due to the fact that on chain fees are too expensive for low value transactions... Don't you guys think that is a possible outcome?
February 04, 2024, 04:02:21 AM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
cryptocurrencies will always be related to traditional banks, this is because traditional banks have emerged before cryptocurrencies, and traditional banks will definitely adopt cryptocurrencies later.
in fact, in the financial system, everything is interconnected, it's just that the regulations in each region are different, for example, in countries that legalize cryptocurrencies, traditional banks can be a place to withdraw money or make purchases of cryptocurrencies, but in countries that ban cryptocurrencies, this is strictly prohibited, traditional banks there will refuse because of government regulations.
February 03, 2024, 03:18:18 PM
Bitcoin is a digital assets one need to understand how it works before going into the Bitcoin investment and Bitcoin is not get rich quick business platform, but get rich is sure if you can applied simple techniques being patient in holding, and most country that band cryptocurrency has started reverse the case by accepting Bitcoin in traditional Banking system as a means of payment, after knowing the process on how it's work's.
February 02, 2024, 05:54:12 PM
About the rise of crypto, which has long been a topic of discourse and discussion among the public, has become very viral now so that some people think that the rise of crypto could be a serious threat to traditional banks at this time. But what I see in my place is that there are still many traditional banks that are still living as usual even though crypto development continues with more and more users every day.
This means that the impact on traditional banks is only about customers who are starting to be reluctant to keep money in their own bank accounts for a long time. Because they prefer to store it in the crypto space so that it can be more easily used when the owner wants to do something that can make it profitable. Whether it's through the market or through crypto projects that can promise more profits.
The truth of the fact is that Bitcoin didn't come to eradicate the traditional banking system, but Bitcoin came to amend it, by granting freedom to private individuals and grant value to our funds invested after a long period of time. Because for Bitcoin to be fully functional both in countries where it is a legal tender and in others where it is not, the only way to access buying & selling can only be through p2p done on a traditional banking system, hereby making the role of traditional banks very important in the adoption of Bitcoin in areas where it's not fully recognize. This means that the impact on traditional banks is only about customers who are starting to be reluctant to keep money in their own bank accounts for a long time. Because they prefer to store it in the crypto space so that it can be more easily used when the owner wants to do something that can make it profitable. Whether it's through the market or through crypto projects that can promise more profits.
February 02, 2024, 05:25:49 PM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
About the rise of crypto, which has long been a topic of discourse and discussion among the public, has become very viral now so that some people think that the rise of crypto could be a serious threat to traditional banks at this time. But what I see in my place is that there are still many traditional banks that are still living as usual even though crypto development continues with more and more users every day.
This means that the impact on traditional banks is only about customers who are starting to be reluctant to keep money in their own bank accounts for a long time. Because they prefer to store it in the crypto space so that it can be more easily used when the owner wants to do something that can make it profitable. Whether it's through the market or through crypto projects that can promise more profits.
February 02, 2024, 01:20:43 AM
Traditional bank have been functional for a very long time, while Bitcoin has only lasted a decade. The government of most countries who feel threatened by the fascinating growth of Bitcoin and other cryptocureency have ban cryptocureency in their country and they will make sure citizens abide by those laws. The action of the government can tell us that they will never allow the traditional banking sector to get defeated by cryptocureency unless they are very sure that if they approved of it, every thing about crypto will be under their control so that they can also operate the crypto Industry in a decentralized system.
Yes, crypto currency or bitcoin may be powerful, but I don't think that the government or banks are afraid of or threatened by the presence of bitcoin. This is because banking has been around for a long time and the banking system runs the whole world; it's where the countries get their money to run the country, etc.The banking system is complex, and we can't understand it even if we want to, but they play a very important role in the world, so why would the bank be afraid of bitcoin or crypto? The reason they ban or prohibit the use of bitcoin or crypto is because of its decentralisation; they can't track who is who and where, and they also can't manipulate or control it. In fact, some banks are offering crypto services such as buying or trading, so I think instead of treating bitcoin or crypto as a threat, some banks are adopting crypto as part of their services, which is a good indication that there may be a good combination of banking and crypto currency.
I agree with your point of view . While bitcoin and cryptocurrency are indeed a major breakthrough in our financial industry , to say that it will threaten the current banking or fiat systems would never happen . We should remember that this world is still centralized and controlled by people with a lot of money so don't expect any decentralized technology to defeat them . I even think that sooner or later bitcoin will become centralized and the cryptocurrency industry will be controlled and regulated by the government. And the government is the one behind supporting banks . So it would be ridiculous to think that bitcoin or cryptocurrency will disrupt what is currently controlled by the government .
February 01, 2024, 06:59:33 PM
Traditional bank have been functional for a very long time, while Bitcoin has only lasted a decade. The government of most countries who feel threatened by the fascinating growth of Bitcoin and other cryptocureency have ban cryptocureency in their country and they will make sure citizens abide by those laws. The action of the government can tell us that they will never allow the traditional banking sector to get defeated by cryptocureency unless they are very sure that if they approved of it, every thing about crypto will be under their control so that they can also operate the crypto Industry in a decentralized system.
Yes, crypto currency or bitcoin may be powerful, but I don't think that the government or banks are afraid of or threatened by the presence of bitcoin. This is because banking has been around for a long time and the banking system runs the whole world; it's where the countries get their money to run the country, etc.The banking system is complex, and we can't understand it even if we want to, but they play a very important role in the world, so why would the bank be afraid of bitcoin or crypto? The reason they ban or prohibit the use of bitcoin or crypto is because of its decentralisation; they can't track who is who and where, and they also can't manipulate or control it. In fact, some banks are offering crypto services such as buying or trading, so I think instead of treating bitcoin or crypto as a threat, some banks are adopting crypto as part of their services, which is a good indication that there may be a good combination of banking and crypto currency.
February 01, 2024, 06:24:46 PM
To answer all those questions, let's take a look at the facts of how crypto and banking are today.
Crypto is a very popular digital currency, especially Bitcoin, which is now a lot of discussion.
But will Bitcoin replace the banking system completely?
Of course not, bitcoin is only an optional payment that can be chosen or only used for commodities (depending on the regulations of each country).
The relationship between banking and Crypto is now certainly mutually beneficial, and every crypto user needs banking to make withdrawals of profits into Fiat.
But in some countries that ban it completely, there is no way but to follow the rules that have been set.
Crypto and banking are now copied side by side, and each country has their own rules.
Crypto is a very popular digital currency, especially Bitcoin, which is now a lot of discussion.
But will Bitcoin replace the banking system completely?
Of course not, bitcoin is only an optional payment that can be chosen or only used for commodities (depending on the regulations of each country).
The relationship between banking and Crypto is now certainly mutually beneficial, and every crypto user needs banking to make withdrawals of profits into Fiat.
But in some countries that ban it completely, there is no way but to follow the rules that have been set.
Crypto and banking are now copied side by side, and each country has their own rules.
February 01, 2024, 05:58:45 PM
Traditional bank have been functional for a very long time, while Bitcoin has only lasted a decade. The government of most countries who feel threatened by the fascinating growth of Bitcoin and other cryptocureency have ban cryptocureency in their country and they will make sure citizens abide by those laws. The action of the government can tell us that they will never allow the traditional banking sector to get defeated by cryptocureency unless they are very sure that if they approved of it, every thing about crypto will be under their control so that they can also operate the crypto Industry in a decentralized system.
Yes, crypto currency or bitcoin may be powerful, but I don't think that the government or banks are afraid of or threatened by the presence of bitcoin. This is because banking has been around for a long time and the banking system runs the whole world; it's where the countries get their money to run the country, etc.The banking system is complex, and we can't understand it even if we want to, but they play a very important role in the world, so why would the bank be afraid of bitcoin or crypto? The reason they ban or prohibit the use of bitcoin or crypto is because of its decentralisation; they can't track who is who and where, and they also can't manipulate or control it. In fact, some banks are offering crypto services such as buying or trading, so I think instead of treating bitcoin or crypto as a threat, some banks are adopting crypto as part of their services, which is a good indication that there may be a good combination of banking and crypto currency.
February 01, 2024, 05:55:21 PM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
The relationship between crypto and traditional banking is currency. The two is a form of currency and we needed any of the two to get things done paying for bills and other things. Cryptocurrency is a digital currency we can always trade online with a third party in-between like the regular banking system where the bank stand as a middle man between the person sending the fund and the receiver. So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
Cryptocurrency has eliminate that need for bank to process our Transactions before the receiver can get the fund. Thanks to Satoshi Nakamoto that was able to make life easier without the frustrations we get from banks asking for different credentials before our funds can be processed.
February 01, 2024, 05:47:28 PM
Cryptocurrencies are created on Blockchain technology that give rise to P2P transaction on their own without third party . cryptocurrency and conventional currencies
does not allow clashing payment among two groups, it's also a store value . cryptocurrency gives an organized and secured way in storing and transferring cash using quicker processing means, it's fees are lower compared to traditional banking.
Traditional banking are being managed and controlled by governments and agencies
does not allow clashing payment among two groups, it's also a store value . cryptocurrency gives an organized and secured way in storing and transferring cash using quicker processing means, it's fees are lower compared to traditional banking.
Traditional banking are being managed and controlled by governments and agencies
February 01, 2024, 03:23:25 PM
Traditional bank have been functional for a very long time, while Bitcoin has only lasted a decade. The government of most countries who feel threatened by the fascinating growth of Bitcoin and other cryptocureency have ban cryptocureency in their country and they will make sure citizens abide by those laws. The action of the government can tell us that they will never allow the traditional banking sector to get defeated by cryptocureency unless they are very sure that if they approved of it, every thing about crypto will be under their control so that they can also operate the crypto Industry in a decentralized system.
February 01, 2024, 02:22:37 PM
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
In the crytop space relating to this thread, I would literarily emphasis on Bitcoin which I know better of. Well... So, I would tell you that Bitcoin is a reputable digital currency which is not flexible to lost its potentials.The threats of crytop over the traditional currencies is the influence of Bitcoin and not the generalized crytop currencies.
February 01, 2024, 01:36:58 PM
Banks for feel like cryptos are their enemies. In a way, they are, because without cryptos, people have no other option but to trust a bank if they want to make digital transfers, and while cryptos there's an alternative. But banks are strong and versatile, they offer lots of services that cryptos can't perform. Also, banks have an advantage because they cards are widely accepted, whereas cryptos are barely adopted as a form of payment. Banks can also adopt cryptos, and sometimes they do, but it's still not very common. There's tension between banks and cryptos, but they aren't fully enemies, and they aren't a threat to each other.
I do not think so, banks feel enemy is whatever makes them less money, and crypto could make them more money.There are banks who are trying to get cryptos as accepted and legal as possible, so that they could basically de facto become exchanges. How? You could use a bank, to store your bitcoin, and then you could also use it to buy and sell bitcoin, maybe not as big as an exchange, not have like 100+ different coins and tokens, but even if we just have bitcoins at our banks, and use our app on our phone to buy bitcoin at our bank, then they will benefit. They will take a trading fee, and the more we use them, the more money they will make .This is not allowed in almost all nations, but if it does, banks will benefit, and then they will love crypto.
February 01, 2024, 09:44:36 AM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
I am sure there will be no threats or threats in this case. Traditional banks can also update their transaction systems to be better. They also won't lose users because all people who use Bitcoin and crypto still use banks. Bitcoin users in a country will also still need banks and fiat for transactions in their lives. especially for countries that have not yet legalized Bitcoin and other crypto as a means of payment.So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
I think more countries will realize that they cannot limit Bitcoin ownership for their citizens.
February 01, 2024, 09:35:11 AM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
Here in our country recently, I think only last year, if I'm not mistaken, we have some local banks here that used to not open Bitcoin or cryptocurrency, but now they are open. Second, our government here is also friendly when it comes to blockchain technology or cryptocurrency.
There are many crypto communities in our country, so maybe our other local banks are now open because they have seen a market and that is also true. After all, bitcoin or cryptocurrency will never be a threat to any private companies.
Well that's really interesting! Sadly in our country it's still a hard to accept any Crypto. Hope one day our country banks do open up for Crypto world.
February 01, 2024, 05:02:28 AM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
Here in our country recently, I think only last year, if I'm not mistaken, we have some local banks here that used to not open Bitcoin or cryptocurrency, but now they are open. Second, our government here is also friendly when it comes to blockchain technology or cryptocurrency.
There are many crypto communities in our country, so maybe our other local banks are now open because they have seen a market and that is also true. After all, bitcoin or cryptocurrency will never be a threat to any private companies.
February 01, 2024, 04:32:32 AM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
The relationship between the traditional banking system and cryptocurrencies remains one of the frequently discussed topics on the forum. Opinions among crypto-enthusiasts differ on how these 2 systems will coexist, but they lose sight of the fact that the traditional banking system and cryptocurrencies already exist independently of each other, in principle, without interfering at all. Even steps are being taken to combine these systems (CBDC is their pseudo-hybrid model, more like Frankenstein).So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
The world is in a constant process of change and therefore, I believe that the traditional banking system must undergo major changes in order to continue to exist. But at the same time, I also believe that cryptocurrencies will not be allowed to roam freely in the world economy and I am inclined to believe that, as a result, none of these systems will be preserved in their current form, but something similar to the CBDC will be widely used.
February 01, 2024, 02:58:22 AM
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
Crypto and banks are created to help/serve people but the one that make them threatening each others are government and some officials that don't wanted them to blend just that because if that happens for sure they will never have Milk and Butter to the table.So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
where the money flows is where the tightening of laws comes and that is what3we have proven over the years.though its good to see opening topics like this
for the people to finally understand what is the advantage of both money keeper.
February 01, 2024, 02:51:32 AM
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
For me, I don't see any "threatened". Both will stay, traditional banking and cryptocurrency.Because not all people will be comfortable using cryptocurrency only or traditional banking only, some can use both.
So for me, what I can see is there will be always options, just like you are shopping then you can select the mode of payment you will use.
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