Topic: What are your opinions on Crypto Banking? - page 4. (Read 444 times)
It isn't possible for a decentralized banking service. When that isn't possible even when the same is incorporated with blockchain technology surely there will be flaws, but as the transactions were transparent one can keep track of it and make an complaint if the end user is known. I'm sure crypto based banking is a must without which it isn't possible to reach the common people who are really gonna help with the growth of cryptocurrency in large scale.
if digital currency and cryptocurrency has become common in real life. with large funds banks will easily change their business direction to become digital financial service providers. this will make it easier for anyone to invest in saving and even loans. I think it will be very easy for traditional banks to adapt to cryptocurrencies and connect with global blockchain and provide services at a low cost.
A decentralized bank? Banks are meant to be centralized and AFAIK there were already few of them that operates now. What will be the purpose of crypto banks? we can save our own crypto's with our own wallets. In some of their service, they lend money so that's going to be one of the feature that they can offer? lending crypto's to their clients.
Lending platform will always become the worst platform, i remember so many people have been getting scammed caused by all of their money that already sent to the bitbond platform got defaulted by the fraudster. that's a very bad idea.
Crypto banking seems to be centralized. However there are possibilities that:
1. The government will issue a national cryptocurrency to increase security and scalability in banking transactions.
2. Banks will adopt the blockchain technology.
1. The government will issue a national cryptocurrency to increase security and scalability in banking transactions.
2. Banks will adopt the blockchain technology.
About crypto banking, so i think like bank today but the diffrent is decentralized, yes i think this is the next solution but of course crypto bank also will take a fee. For me i like cryptocurrensy because we control our money, but if using crypto bank, i think not cryptocurrensy anymore so for me, i dont need it
bank crypto is a concept that is difficult for the crypto community to accept today. I don't think this is a bad concept, it's just that many projects that have this concept fail because of difficulties finding users. the crypto community today still believes in traditional banks, so it might be too fast for a concept like this now.
You're somehow wrong because the crypto currency community of this days don't believe in traditional banks which was the reason for Bitcoin creation right from the get go. Do you know how many individual that money in the bank account which they decide not to use for 12 years and what the bank could provide them are stories instead of the fund inside the account.To answer the OP question, the reason why crypto community believe we don't need a crypto bank is because the projects involved in crypto banking havent proof their genuinely and they don't bring something new which will convince the community
A decentralized bank? Banks are meant to be centralized and AFAIK there were already few of them that operates now. What will be the purpose of crypto banks? we can save our own crypto's with our own wallets. In some of their service, they lend money so that's going to be one of the feature that they can offer? lending crypto's to their clients.
I guess banks will also exist when the crypto is the main currency. Because, banks are not only present for send money. Banks also provide credit services to people, and it will also be possible with crypto.
Many ICO projects worked on the idea of crypto banking telling us that it will replace traditional banking but most of these projects are no where to be found again and those that are still available are yet to bring the idea into reality
The idea itself is not to bad. But! On the other hand it breaks the very concept of cryptocurrencies and the purpose of their creation. Why in the world do we need bank when cryptos have been made exactly to avoid it. To get rid of banks and begin to use private money by p2p transactions - fast, secure, anonymous...And now banks want to dominate this new and awesome instrument by implementing it in their platforms)) What for I wonder?
You are right... Fast, Secure, Anonymous - this used to be the concept of cryptocurrency.But the way cryptocurrency is moving forward, it will be centralized someday sooner, definitely.
I know that a lot of people think "I can save my crypto's on my own with a ledger", but is that really the way we have to go? The idea behind Crypto Banks is to have a decentralized platform that can carry out all of the same functions that a traditional bank can without the need for a mediator.
But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
I can see peoples are talking a lot about Crypto Banks nowadays. I'm not supporting it by any means.But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
The first thing to know about Crypto Banks is, will they be decentralized? If so, then how? If not, then what's the difference between traditional Banks and Crypto Banks?
Secondly, if the purpose of Crypto Banks is to offer the same services already offered by different companies then what is so unique about? Cards, lending services are currently available by different companies now.
I know that a lot of people think "I can save my crypto's on my own with a ledger", but is that really the way we have to go? The idea behind Crypto Banks is to have a decentralized platform that can carry out all of the same functions that a traditional bank can without the need for a mediator.
But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
A crypto bank makes no sense whatsoever. Banks are intermediators between two persons who want to transact with their money. While the very basic idea of the blockchain and cryptocurrency world is to eliminate on whole the need of a intermediator and process P2P transactions directly from one person to another. If we come with a crypto bank then that bank would have full access to your wallet and keys. Which will destroy the fundamentals of crypotcurrency. Yes, there is just one case in which bank could serve a role and that is merely acting as a regulatory institution but that too would require you to provide the bank with all your credentials which will once again not agree with the idea of crypto. But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
I think in future we will see an era of crypto banks where traditional banks will loose the race and crypto banks will dominate as slowly but surely all the governments around the world are accepting and legalizing crypto and blockchain products so its about time we will see all important niches, businesses and industries upgraded to blockchain tech so why not banks.
I know that a lot of people think "I can save my crypto's on my own with a ledger", but is that really the way we have to go? The idea behind Crypto Banks is to have a decentralized platform that can carry out all of the same functions that a traditional bank can without the need for a mediator.
But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
The idea itself is not to bad. But! On the other hand it breaks the very concept of cryptocurrencies and the purpose of their creation. Why in the world do we need bank when cryptos have been made exactly to avoid it. To get rid of banks and begin to use private money by p2p transactions - fast, secure, anonymous...And now banks want to dominate this new and awesome instrument by implementing it in their platforms)) What for I wonder?
Sooner or later Crypto Banking will become part of our lives, no one can stop this, it;s on the way
I know that a lot of people think "I can save my crypto's on my own with a ledger", but is that really the way we have to go? The idea behind Crypto Banks is to have a decentralized platform that can carry out all of the same functions that a traditional bank can without the need for a mediator.
If you are okay with it or not but crypto was designed in such a way by keeping it ourselves and transaction on own own so there is no need for an idea like crypto banking.This is just a shit of making centralized payment system via decentralized currency. 
bank crypto is a concept that is difficult for the crypto community to accept today. I don't think this is a bad concept, it's just that many projects that have this concept fail because of difficulties finding users. the crypto community today still believes in traditional banks, so it might be too fast for a concept like this now.
A decentralized bank? Banks are meant to be centralized and AFAIK there were already few of them that operates now. What will be the purpose of crypto banks? we can save our own crypto's with our own wallets. In some of their service, they lend money so that's going to be one of the feature that they can offer? lending crypto's to their clients.
Lending platform will always become the worst platform, i remember so many people have been getting scammed caused by all of their money that already sent to the bitbond platform got defaulted by the fraudster. that's a very bad idea.
I expected the ledger comment but not as a first pick 
From my point of view the main advantages are security and accessibility( banks have to give you debit cards) which you dont precisely have with a ledger
And yes i know that there are already a few crypto banks out there, but the hype for Banks is just starting, there is still time to catch up on that train
From my point of view the main advantages are security and accessibility( banks have to give you debit cards) which you dont precisely have with a ledger
And yes i know that there are already a few crypto banks out there, but the hype for Banks is just starting, there is still time to catch up on that train
A decentralized bank? Banks are meant to be centralized and AFAIK there were already few of them that operates now. What will be the purpose of crypto banks? we can save our own crypto's with our own wallets. In some of their service, they lend money so that's going to be one of the feature that they can offer? lending crypto's to their clients.
I know that a lot of people think "I can save my crypto's on my own with a ledger", but is that really the way we have to go? The idea behind Crypto Banks is to have a decentralized platform that can carry out all of the same functions that a traditional bank can without the need for a mediator.
But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them
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