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 ?
if it's a matter of feeling hate it is because it reduces the number of customers in the bank, but I also do not really reduce the existing customers in the bank in any country because they definitely need a bank to exchange the amount of their money into their own currency, in the country with the necessity bank as an intermediary to exchange currency cryptocurrency to the country's currency. 
Topic: Why many banks hate cryptocurrency ? - page 15. (Read 1978 times)
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 ?
It is because, the BTC gives return higher than the bank gives. Therefore, people will give more preference to BTC and they will invest their savings in BTC. This is the reason for which bank hates bitcoin.
Because many people use bitcoin than bitcoin.
because the bitcoin and cryptocurrencies is decentralized. banks want to manage people's 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 ?
Because they are like the opposite magnet poles. The growth of Bitcoin spells the weakening of the banks. The more Bitcoin is appreciated, the more the banks are being reduced to the sidelines. The success and victory of Bitcoin might mean the death and rendering of the banks useless. That is why the banks are really dead afraid that Bitcoin is going to conquer the world.
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 ?
Actually, banks wants to ban using bitcoin because they can see it as a competitor not a contributor. As time goes by bitcoin is slowly becoming popular worldwide because of its purpose, benefits and advantages that's why it attracts more users. And banks was threatened bybthis because they think if people starts to embrace this they wil slowly be forgotten by anyone and replace them.I totally agree. Knowing that using bitcoin as a method of payment doesn't need middlemen and allowing people to pay without anyone involved, banks will not be needed anymore (since they have fee charges), they will probably lose to bitcoin.
Bankd threat that will loose value because bank transactions are too late and hurdle of paper work and people loosing interest in traditional banking system.Bitcoin industry is a threat for the banks with regards on financial matter.If cryptocurrency system was introduced to the citizens by the government itself and gets boom financial institutes like banks might get much less customers which may gradually lessen their transactions and might end up for cryptcurrency to replace them which is hopefully not.
Because bitcoin can give us freedom. We can manage our own finances and secure our own finances through wallets like blockchain. Maybe banks hate cryptocurrency, for fear of losing to compete.
Hate maybe a strong word for this phenomenon, but they afraid of cryptos, because they see them as competitors and they have every reason to think like that. Investors are putting their money into cryptos instead of banks and that hurts banks more and more. But i think some banks are heavily involved in cryptos secretly as the possible profits are too tempting.
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 ?
They don't hate cryptocurrency, there are just some people who doesn't believe in the technology because they know nothing about it.
I would say that banks have some lack of trust about cryptos, rather than they "hate" them. It's known that with cryptos anybody can do shady things, and that it's their primary point where they focus onto. The real reason may be that they're scared about cryptos freedom and we all know that bankers and people that own a large power among the others, doesn't like freedom and equality that much
I know only a few of these banks, and it's smart on their part, while others have outdated views, that's their problem.
Well I think what they are thinking is that Bitcoin is here to replace them, who would want something you know that will replace you, no one. Something that they need to realize is it is not about them, it is about improving our financial systems, better future for everyone. The demand of Bitcoin by the people may be a wake up call for them already to improve their systems and how they are dealing with people and money, it should be for the better and not just a selfish intention.
Let's call a spade a spade — traditional banks hate crypto. But this hatred arises from a lack of understanding, fear of uncertainty and laziness, not anger. Why don't banks understand your problems? First, they already have a large and understandable business, and they are not interested in new and small. Secondly, imagine a specialist of the Department of control over compliance with the law. He is 40/50 years old, he is not paid much, he does not have any career prospects.
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 ?
Because they are like the opposite magnet poles. The growth of Bitcoin spells the weakening of the banks. The more Bitcoin is appreciated, the more the banks are being reduced to the sidelines. The success and victory of Bitcoin might mean the death and rendering of the banks useless. That is why the banks are really dead afraid that Bitcoin is going to conquer the world.
I think the reason is none other than the blockchain system that controls cryptocurrency that is considered better than the system of bribery. This makes the crypto world the main rival of the bank system.
A large transaction is known that has occurred anonymously in the network of bitcoins. It is 180 million dollars. Imagine, absolutely anonymous people, sent such a huge amount of money, without the permission of the state and banks. The loss of such profits and control from banks, of course, will cause bitcoin rejection. This is a war for the sphere of influence. 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 used to controlling and letting all financial flows through themselves and this is all under the control of the state. The state bank of the country will always issue such regulatory rules, in which only banks need to be in profit. Bitcoin does not fit into this scheme. It gives anonymity and freedom, which contradicts banking and public 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 ?
This is because banks can not cooperate with Crypto or have a small profit margin. This is a common psychology and we should understand them.Banks will rely on transaction fees for their development. Now Crypto has taken over market share in the money transfer sector and banks have to adopt new policies to attract customers. = profit is lower when fighting with Crypto.
Most of the reasons have been covered here. It's quite simple, and a good thing because it means that the banks foresee cryptocurrency as being a true challenge and threat to the status quo. Cryptocurrency could eventually replace the banks altogether so it's no wonder they hate their biggest competitor. We have to remember that our modern banking systems has taken hundreds of years to establish by the elite. Do you think they will let go of it so easily and without a fight?
Many central and major banks around the globe are banning using Bitcoin because they still don't have vital strategies to dominate bitcoin. Another reason is that some banks assume that the notion of 'decentralization' threatens the trust between banks and their customers.
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