Topic: Why many banks hate cryptocurrency ? - page 11. (Read 1978 times)
Those who know Bitcoin, do not keep the money in the bank. They always invest in money whenever they have money.Bitcoin will benefit if you invest. And its best aspect is that there is no control over it.Those who are new to Bitcoin who want to invest now, want to invest Bitcoin. It is a lot of profit and this is why banks are not able to profit them.
Honestly, after spending months here in the forum, ive seen some banks vs crypto topics but never seen any thread justifying banks banning cryptocurrency. A link would help if you have some. Most of the topics are just classifying what banks can do that cryptos cannot and vice versa, not banning each other.
Because banks feel threatened by the existence of a crypto currency. and fear the consequences of crypto bank loss. When banks should take the opportunity to join the world of crypto and can take advantage of it.
maybe the bank is afraid if less in interest again. if people already know cryiptocurrency banks fear that they will save their money or melagukan transactions through bitcoin world.
whereas bitcoin and Bank can run together because it is impossible everyone will move to bitcoin all there must be a favorable Bank there is also a bitcon ..
whereas bitcoin and Bank can run together because it is impossible everyone will move to bitcoin all there must be a favorable Bank there is also a bitcon ..
My friend and co-members of this forum, not all banks hate cryptocurrency, we must not generalize it and involved all banks in general. Some banks do recognize bitcoin as a friendly competition, for the fact that technology of what bitcoin is using, they might also used it in their systems.
Such steps look like the desire to own these resources, to control their distribution, but reluctance to understand the nature of new things and take the risk. But it is impossible - to create something new, a new value that has not yet existed, you need to take risks. This is the law. Either someone just wants to hedge just in case.
Needless to say, it also knows how this affects the banks. At present, banks are competing each penny of money, up to the promotion to attract depositors. But now the virtual currency can help the sender spend only a few cents, can be traded anywhere, must be remittance companies "do not like this."
The true answer to the question, why banks do not like crypto currency, perhaps is that they feel threatened. The growth of the crypto-currency market surpassed all expectations, and although it is still very young, it has the potential to shake the aging system.
This is all about hypocrisy my friend. They ban it and at the end they themselves(workers) try and buy it and HODL. Also they are afraid of the decentralized system because they wont their tax from it.
Because this new world has become so large that it can not be ignored. And he began to accumulate real resources.
Electronic money is worrying to the banks today, many of which have banned the virtual currency entirely for fear of affecting the economy of the country.
banks hate cryptocurrency investors because they deposit large sums of money in the bank and then wire it out to a wallet or brokerage that will convert it to Bitcoin.
most common forms of money laundering includes sending wires around the world in an attempt to wash the cash or hide its origin. Banks don’t want to be party to any illegal activity, so they don’t like a lot of INO transfers.
most common forms of money laundering includes sending wires around the world in an attempt to wash the cash or hide its origin. Banks don’t want to be party to any illegal activity, so they don’t like a lot of INO transfers.
There are lots of banks nowadays really hate Bitcoin, simply because they cannot gain interest from the people who keeps money to the Bank. Bitcoin users have the right to do whatever they want to their money with an easy transactions. Banks owners have a big advantage to earn more money from the people.
In my own opinion ,I think banks hate cryptocurrency because Instead people tend to deposit their money to banks as an asset, some people are making wiser move to invest in crypto's to multiply its money for just a short period of time, It is already proven and tested by majority but not all are successful, In terms of transactions, bitcoins is much faster to process rather than bank transaction, In just a click, transaction takes place rapidly.
Banks hate Betquin for its speed of conversion and commissioning, as well as lack of knowledge of the source and increasing people's trust in them. Banks fear that they will not work in the future.
Maybe because if people use bitcoin, the bank will not get any more customers. So that the benefits of the customer to be reduced. In fact, I think banks should be able to embrace bitcoin and mengperasikannya on their financial system. That way, both parties, both banks and customers alike have a big profit.
I agree with previous comment. If we use the cryptocurrenices, nobody will use banks and there won't be demand for their services.
Maybe because if people use bitcoin, the bank will not get any more customers. So that the benefits of the customer to be reduced. In fact, I think banks should be able to embrace bitcoin and mengperasikannya on their financial system. That way, both parties, both banks and customers alike have a big profit.
All due to the decintralization of the blockchain system. When today's ICO companies will create programs for the easy purchase and use of crypto currency, banks will only have to accept decentralization or go to the bottom with the fiat system.
Most of the banks hate Bitcoin because people ask them investissement with the same rate ^^
Of course it's impossible. So they're happy when BTC falls and hate it when it rises to moon ^^
Of course it's impossible. So they're happy when BTC falls and hate it when it rises to moon ^^
Bitcoin hated by banks and central banks because they can not control on bitcoin supply. As we know, central banks become so powerfull because they control money supply and with bitcoin existance, they feel disrupted their bussiness
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