Topic: There is no currency that banks hate. - page 5. (Read 2737 times)
But bank hate bitcoins as it does not suit them
Yes, it is. Banks will not operate at a loss. Especially Bitcoin exchange rate is still not stable and jumps sharply, possibly on this and they will win.
Global financial giants are actively exploring the possibility of using Bitcoin and blockchain technology.The largest banks in the world master Bitcoin technology:
Citi Bank, UBS, Standard Chartered, BNP Paribas,Société Générale,Barclays,Goldman Sachs,BNY Mellon,etc
Global financial giants are actively exploring the possibility of using Bitcoin and blockchain technology.The largest banks in the world master Bitcoin technology:
Citi Bank, UBS, Standard Chartered, BNP Paribas,Société Générale,Barclays,Goldman Sachs,BNY Mellon,etc
There is no currency that banks hate. Not if they can make money on it.
Once the regulatory and tax and volatility issues are settled out or predictable, they'll cheerfully accept bitcoin, or even denominate accounts in bitcoin. Of course the depositor won't have the keys to those accounts.
They'll even offer interest, provided it's slightly less than they can make by loaning those bitcoins out. And they'll loan it out by handing people (slips of paper that say they own) a particular amount of bitcoin. Which allows them to loan out more to debtors than they actually have from depositors.
In short they'll just treat it as one more currency. One that has its own slightly peculiar inter-bank settling channel.
Once the regulatory and tax and volatility issues are settled out or predictable, they'll cheerfully accept bitcoin, or even denominate accounts in bitcoin. Of course the depositor won't have the keys to those accounts.
They'll even offer interest, provided it's slightly less than they can make by loaning those bitcoins out. And they'll loan it out by handing people (slips of paper that say they own) a particular amount of bitcoin. Which allows them to loan out more to debtors than they actually have from depositors.
In short they'll just treat it as one more currency. One that has its own slightly peculiar inter-bank settling channel.
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