Topic: Why many banks hate cryptocurrency ? - page 19. (Read 1949 times)
The banks hate cryptocurrency because they face difficulties because of the volatile nature of bitcoin and this is may be the reason of their such hatred.
I agree with many guys here, that reason can be that bitcoin is dangerous to them, so people would not need banks anymore in the case.
I think if they have really learned more deeply about all things related to bitcoin/cryptocurrency.. I'm sure it will be supported on all sides of its excess. For this moment it's still a matter of concern or has certain considerations related to certain risks, well.. but somehow it will be in the future due anyhow it hasn't ensured that it will always be banned.
Maybe some banks hates Bitcoin because they think that cryptocurrency is a big threat to their business operations just because it will lessen their customer's but some don't because they believe they have their own strategy and people will keep on using banks in their transactions.
As bitcoin is getting popular day by day, they think it would be a great threat to their business in future.
Banks hate cryptocurrency because they can not manage the taxes of every bitcoin user. Bitcoin is Decentralized Digital Virtual Currency using new high technology method using only gadget such cellphone and Computer, Processing with a minute transaction has been done. In some cases it is much convenient to use cryptocurrencies instead of using banks services with low fees and fast transactions.
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 ?
Bitcoin serves as an Electronic currency which can be used to transact online. Some business establishment/stores have been accepting it as well thus making the banks profits lesser. Banks earn if their services is used tru debit card, credit card or simply depositing.
Banks and Cryptocurrency are used to exchange money...
They actually afraid of being the focus of the governments. They have been charged for their actions. If governments cannot control the transactions, they will apply sanctions on banks.
Yeah! Banks really hate bitcoin. Why?. Bitcoin is anti world bank. It is easy to save money in bitcoin than in banks.
If all people will save their money in bitcoin, all banks in the world will go down and will vanish.
As we all know, all income of banks come from us.
If all people will save their money in bitcoin, all banks in the world will go down and will vanish.
As we all know, all income of banks come from us.
Bitcoin wallet is a big threat to banks because who needs a bank when you have an electronic wallet already? When all people will be using bitcoin wallet, many banks will declare bankruptcy. People will pay bills and shop online thru bitcoin wallet and not thru banks.
Banks lose their profit & income if people use cryptocurrencies (for sending money for example). But in some cases it is much convenient to use cryptocurrencies instead of using bank`s services (low fees + fast transactions).
Bitcoins will replace them and take away their clients, This fear is the reason banks don't want to adopt it as part of their services, people leave their money in bitcoin investments so they make profit, because it is clear that the freedom and the advantages of bitcoins is far better than holding your finance with the banks. 
Cryptocurrency is the easiest transactions you will made because where ever you are you can pay your purchase through internet transactions while in bank you must go to the banks inorder to withdraw cash for payments.
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 ?
there are a lot of reasons why bitcoins are not the official currency the banks uses. first and foremost is because bitcoin is not centralized some government do not accept this kind of currency thus it would be hard for many adapt to its changes.
bitcoin is a peer-to-peer protocol. When trading exchanges are not through intermediaries. that bank is the best intermediary. If bitcoin is widely accepted then bitcoin will kill the traditional bank.
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 ?
Obviously they are loosing many assets, profit, wealth and most especially credibility if Bitcoin operated in the whole world, imagine Bitcoin is using only one person who manipulate their wealth without any representative to hold and sign bla!bla!bla... Bitcoin is Decentralized Digital Virtual Currency using new high technology method using only gadget such cellphone and Computer, Processing with a minute transaction has been done. that's the big difference between the Bank and Virtual Currency that's why bank are really hate Bitcoin.
The banks hate cryptocurrency because they are seeing that cryptos are becoming very famous gradually and can someday become more popular than traditional currency. Besides they face difficulties because of the inconsistent nature of bitcoin and this is may be the reason of their such hatred.
by simple reason what the peoples can send money to any continent without banks.
If this transactoins will popular banks lost 90% of their customers
If this transactoins will popular banks lost 90% of their customers
Banks hate bitcoin because banks can not manage bitcoin, just like the government. They are also disappointed because they can not manage the taxes of every bitcoin user.
And in this case the bank does not get a profit unless there is exchange of bitcoin with fiat money.
And in this case the bank does not get a profit unless there is exchange of bitcoin with fiat money.
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