Topic: Why many banks hate cryptocurrency ? - page 13. (Read 1978 times)
One of the reasons why banks hate cryptocurrency because cryptocurrency offers more than banks. Your money could be highly increased in just a short period of time than banks. Thus, you can have a better investment if you will put your money into digital cryptocurrency.
many bankers hate bitcoin because of the possibility they envy bitcoin and fear if bitcoin keeps many bank customers out and turns to the bitcoin world that proves to be safer and more comfortable than the bank. with bitcoin you can also benefit very much.
In fact, bank thinks cryptocurrency as their rival. They think if the use of cryptocurrency increases, the banks will be damaged. People will be more interested in the cryptocurrency. Human beings will use more cryptocurrency than banks for their daily activities. Therefore, banks can not accept cryptocurrency.
banks hate bitcoin since it'll someday overtake them. just like what the email did to post offices. the new replaces the old. the old would do everything in its power to remain at the top. unfortunately for them, change is inevitable. crypto will replace banks and its bound to happen no matter what they do.
Many Banks hate crypto currency because somehow they are bothered or the income of the bank were somehow affected with arise of the crypto currencies. I can say that they were affected because instead the people will prepared to put their money in the banks they are putting or investing their money in crypto currency because somehow and they should admit that the chances of rebate or getting profit is much higher in crypto currency rather than banks. In other words crypto currencies are competitors of banks that is why they hate it. And we can somehow say that crypto currency may replace the banks in the near future if this flow continue.
Banks are dinosaurs during the The Cretaceous and Bitcoin is THE huge meteorite. Dinosaurs hated this meteorite. And they were right.
As it is not sad, the thinking of most banking professionals is very narrow-oriented - instead of learning new, but bad, in their opinion, technologies, they simply avoid or block them. They do not know anything about Blockchain, crypto-currencies and ICO, and they do not want to know, their main goal is not to make a mistake, otherwise they will be fired from their homes. Therefore, it is easier for them to block the client's account than to understand the features and advantages of the crypto currency.
how they can accept the existence of Bitcoin if the system they run will be threatened.
but lately, I see the Bank is starting to realize why they should resist Bitcoin while they can imitate it.
banks have begun to glance at the business model of cryptocurrency.
but lately, I see the Bank is starting to realize why they should resist Bitcoin while they can imitate it.
banks have begun to glance at the business model of cryptocurrency.
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
You ask about why country banks hate bitcoin? yeah! of course there is why. Here's one example: why do you think? if everyone is investing in bitcoin? why invest in bitcoin? clearly evident with the value of the currency that will change every time. because state banks can not have such a system. hence they hate bitcoin.
Do you guys think some banks already use and maybe even invest into crypto?
This is not anger, but rather a misunderstanding and a fear of uncertainty. they already have a big, decades-old and understandable business, why should they go into something small and poorly studied?
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
In my opinion, many banks have not studied yet whether bitcoin is actually. Banks should study carefully about bitcoin before taking a policy. I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Based on the news, some banks really are negative about bitcoin, fearing that in the future bitcoin with its advantages can drastically change the standard banking system and method of payment.
Banks an crypto are different in terms of concept and the way it serves people. Banks take money from you and gives a pinch of it back as interest but crytp takes your money and gives more profit and sometimes it gives x2 or x3 profit. This way banks feel gelous about crypto since their business is affected so they hate crypto which is obvious.
It is very normal that banks will hate cryptocurrency. We all hate our competitors and cryptocurrency is bank’s competitor. People nowadays keep money in cryptocurrencies instead of banks.
Exactly! That is why if they hate cryptocurrency it is just a normal since it is one of their big rivalry as of this moment, since people are now choosing to invest in bitcoin rather than saving in banks.
It is very normal that banks will hate cryptocurrency. We all hate our competitors and cryptocurrency is bank’s competitor. People nowadays keep money in cryptocurrencies instead of banks.
its because they see cryptocurrency as threat and thats the reason for the fear
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Banks hates Bitcoin and other cryptocurrency because if Bitcoin become the main currency they will out of business because you can be your own bank by using Bitcoin. The people don't need banks if that happened.
Banks gain nothing from bitcoin, Banks gain their income through the interest of fiat money or the official money of a country. Bitcoin can be stored digitally and is mostly stored in the internet, with these function, banks became useless because these people are storing their money digitally. Banks needs money to flow and Bitcoin is now physical money flowing. Bitcoin is a competitor in the eyes of banks.
Only people who do not understand it, or the possibility they are afraid that their corruption will be uncomfortable because the criptocurrency can browse where they share funds or also they are afraid if all use this way the user's value will lose the bank customers
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