Topic: Why many banks hate cryptocurrency ? - page 14. (Read 1961 times)
Being part of the centralized system, Banks would never allow something that has a potential to take away power and control from them. As Bitcoin is a part of blockchain technology, it relies on the principle of decentralization that is known for taking away the power and control from centralized authorities and transferring it to the users. If someone finds value in using blockchain based currencies then they would never use banking services and that's the reason why banks are afraid of cryptocurrencies.
banks ban it because it somehow prevents people from storing money in banks which they banks use for business. that is why they try to fight its use
Things are not that simple, I think. Banks on the one hand need to adapt to the wishes of customers and have started projects based on blockchain tehnology. But on the other hand, they can not like the decentralization of the crypto currencies. 
Because they would lose more client ,
Bitcoin is taking the people away to the banks ,
People would rather put their money in the crypto instead of the bank to gain more peofit by just holding it.
Bitcoin is taking the people away to the banks ,
People would rather put their money in the crypto instead of the bank to gain more peofit by just holding it.
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 ?
May be there are different reasons1.Illegal transaction are done using bitcoins only
2.Transaction fees are really high...no profit of bank
Etc are the reasons why they hate bitcoins.
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 ?
I think virtual money affects the interests of banks. They do not recognize bitcoins and other virtual currencies. If bitcoin is accepted and widely used, banks will die. Bitcoin plays a role similar to payment systems, banks are losing their revenue
Many banks hate Bitcoin because banks think bitcoin as its competitors not contributors. They can't control bitcoin as their trading system.
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 are afraid that bitcoin will take over their business ,many people will invest to bitcoin compare to them it is because people see that their money will be more profitable if they put it to bitcoin while in banks it is much lesser and fiat money do not have the possibilty to grow even you hold it for how many years because it has a stable value.
because of the fear feels rivaled so as to prohibit the movement of bitcoin in the country, but in fact it is with the presence of bitcoin in the country can help the wheels of the economy of society and parties should support the birth of the bitcoin. I think it's very unfortunate if the bank rejects the policy of bitcoin.
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 are less likely to be involved in Bitcoin and the world of electronic money due to concerns about bubbles and the illegal activities associated with it. They have many reasons not to accept bitcoin 
Banks around the world are not satisfied with Bitcoin buyers. We have seen many banks close accounts for this activity. Korea prohibits its traditional banks from trading electronic money
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 ?
I think they ban bitcoins because it is more valuable than fiat money. People will eventually just use bitcoins and out weigh fist money. The next event is that people will no longer depend on banks and use bitcoins as a primary source of money for trading goods and services.
Because the bank presume virtual currency have different vulnerabilities so many banks that prohibited transactions and trade virtual currency. Another reason is the fluctuating exchange rates so that the bubble risk, potentially vulnerable is used for actions that violate the law, and prone to siber. It's some of the reasons that I know why the banks have not been able to receive virtual money
One of the foundations for the creation of Bitcoin is to replace the Bank today, and it is certain that the Bank is now afraid of being rivaled, and also fearing their popularity is lost by Bitcoin. We can see also from the system and also the workings of Bitcoin that will provide freedom, and also security in controlling our own finances, which of course this system does not exist in any Bank at this time.
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 ?
Why many banks hate Bitcoin, simple they had a fear that the bitcoin replace them, when people don not keep their money in banks no money for them because it's a business, replace and take away their clients no money for them to do business with. people leave their money in bitcoin investments so they make profit. Decentralised application will create waves and have their issues with governance it's all about business and money why banks hate and ban Bitcoin because Bitcoin is High technology they scared to be bankrupt and Bitcoin surpassing the bank.
It felt like a law of nature that the conservative status quo tend to resistance towards change. But it doesn't really matter because the change will always come. So is in the cryptocurrency issue. How hard ever the governments and the banks hate cryptocurrency, there would be a time where they forced to accept cryptocurrency legally. Cryptocurrency is a must.
Banks are afraid, because on operations with cryptocurrency, they receive nothing. No interest, no Commission. They're worried.
There are lot of reasons why banks really hate cryptocurrency but most obvious reason is cryptocurrency like bitcoin is decentralized so they don't have any power to hold you own money. You are the only one that holds and keeps your money.
Bitcoin is electric money and digital money. Bitcoin is already popular in the world and many have used it. Banks hate bitcoin or other crypto, probably because bitcoin will make its own bank and the bank is afraid of losing to compete with bitcoin that many people are using. So basically the bank is afraid of losing to compete with bitcoin.
Banks do not like cryptocurrencies because they are afraid of losing big profits if the market of fiat money replaces the cryptocurrency market then banks in this form will lose their importance now and there will not be a need for their monopoly work.
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