Topic: Why many banks hate cryptocurrency ? - page 25. (Read 1961 times)
ngân hàng không phải nhà đâu tư.. vì vậy khi giá btc giao động.. họ sẽ gặp phải nhiều rủi ro.. nhưng chính họ đang sử dụng công nghệ liên quan đên btc
All such regulations are designed to protect and maintain financial and monetary stability of such vulnerabilities in virtual currency.
Banks hate crytocurrency beacuse if crypto currency replaces fiat then bank should close their branches or they need to migrate their fiat to crypto, either one should be done to make banks survive. Banks do not want that and want to cheat their customers in forms of fees and charges and want to be a domination of the people. Cryt is against their concept so they hate crypto currency.
Bank want just one thing and that is more profit. Bitcoins has reduced the profits and is reducing their business , thus they hate it.
Because BTC transaction are only through in online.The bankers can not control BTC.And they have no benefit by BTC. 
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 do not like the crypto currencies because they are decentralized and banks are losing their influence on the money. But as a whole, more and more banks are turning to blockchain technology, and in particular the centralized Ripple.
See they are behaving as hypocrite, banks are saying that crypto is bad. But at the same there are media reports that banks are going to invest in crypto as well.
bitcoin is a great technology and a future asset, and this is a great opportunity for banks to use bitcoin as its contribution. I think They do not hate cryptocurrency, there are only a few people who do not believe in technology because they do not know anything about it.
My greatest hope is that banks and bitcoins will work together.
My greatest hope is that banks and bitcoins will work together.
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 do not like the crypto currencies because they are decentralized and banks are losing their influence on the money. But as a whole, more and more banks are turning to blockchain technology, and in particular the centralized Ripple.
Banks do not like hate crypto because it is reducing their business. They are thus trying their best to spread negative things about it in media.
The bank can not take full control of the cryptocurrency. Its functionality cannot be fully monitored. The governments do not take full effort.
Yeah, I think that many banks hate cryptocurrency, especially in my country. The banks think that the existence of cryptocurrency could harm the local currency because it damages the financial system. For example, people would prefer to use cryptocurrency so that cash transactions at local banks will decrease. As a result, the banks could be out of business. The banks and cryptocurrency must remain to complement each other. Cryptocurrency can not stand without the banks because not all countries and not all stores receive payment with criptocurrency.
there are several factors why banks are reluctant to adopt bitcoin:
1. No feedback: that is to say they don't feel a positive feedbacks generated from bitcoin nurturing, in fact, their products will be much abandoned.
2. Risk: extreme fluctuation rates make banks reluctant to use it, as it also deals with the risk of bank shareholders
3. Government: the bank is one of the data sources for the government so that if it is related to anonymity, it will be difficult for the bank to prepare the data in case of examination.
1. No feedback: that is to say they don't feel a positive feedbacks generated from bitcoin nurturing, in fact, their products will be much abandoned.
2. Risk: extreme fluctuation rates make banks reluctant to use it, as it also deals with the risk of bank shareholders
3. Government: the bank is one of the data sources for the government so that if it is related to anonymity, it will be difficult for the bank to prepare the data in case of examination.
Because cruptocurrency is no control but bank is limit control and everyone use it very easy
In my personal opinion. Dollar is very good profit for them, they easily control everything
BTC it is a co-compete with banks
I think that almost all the banks around the world don’t like cryptocurrency. I analyze in the presence of cryptocurrency then the bank will be threatened by cryptocurrency’s existence. When the customers switch to cryptocurrency then the bank will not have customers so the bank will be bankrup. Besides that, the bank is afraid of losing control. Traditional banking services appreciate that the control they have over their customers and customer’s money. If banks hold the control of their customer’s money but cryptocurrency offers a system that restores control and power to the real money owner. But both of them, the banks and cryptocurrency, have weaknesses and strengths.
Banks hate bitcoins because:
1) It reduces their business and makes them weaker.
2) They loose customers as people prefer bitcoins because of less fees.
1) It reduces their business and makes them weaker.
2) They loose customers as people prefer bitcoins because of less fees.
There are many banks who have refused to deal with crypto currency. Crypto currency is individual and independent. No one can controls it. Not even the banks. Besides, they're getting so famous that the banks are thinking cryptos can replace fiat currencies. This is why banks hate crypto currencies so much.
They don't want something that would be threat to their interest and they are treating cryptocurrency as a way that could be threat, so they are doing anything for them not to enter in their world, but so far now since they are seeing that people cannot control anymore that they already in love with cryptoocurrency.
The bank is afraid of losing control. Because Cryptocurrency offers a system that restores control, and power to the real money owner, and the only way to fight for it is to show the will of people - using Bitcoin's banking services, and personal services.
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