Topic: Why many banks hate cryptocurrency ? - page 3. (Read 1949 times)
I think the banks just don't want to meddle with Bitcoin because it will disrupt their flow. Banks need to have constant flow of money and with Bitcoin they can't do it. Bitcoin is great and all and it can do fine without the banks. Banks are just playing safe and its reasonable for them. As for us we can use Bitcoin as it is and make use of its benefits and perks without the bank.
I think the bank they've not hated cryptocurrency but they've afraid of it because it will make them a competitor. We almost knows that many people do introduce bitcoin around the world and there are a lot of users used it because they've know that they will get benefits on it. They afraid also that the paper money will replace by a digital.
Bitcoin are slowly being familiarize and introduce all over the world they are attracting more users and customers because of their advantages and benefits that they can provide from us. That's why central banks are being alarmed on what are happening actually they didn't hate cryptocurrency they are afraid on it. Cryptocurrency for them is a big threat for them because it is their conpetitor and tgey are afraid to be replace by digital.
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 ?
Competition that is what it is. Lots of bank depositors are now shifting their money with cryptocurrencies because people realizes the fact that profit derived from investing in cryptos is much bigger than what they get from interests in their deposits in banks.
only a few not the many and most banks hate bitcoin comes from develop countries.
Maybe in because they prefer real money in digital appeal, in because many hackers in this world, and to anticipate in order to avoid loss of customer money.
Many Banks hate Cryptocurency in the cause of many Bank Customers who withdraw their money from the Bank and invest in Cryptocurency so that the Bank's assets and profits are decreasing. Because Cryptocurency can not be regulated by the Bank, so the Bank considers Crypto is their competitor.
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 bitcoin lessens their investors. Many of them. Switched to investing in bitcoin and it lessens their profit as they make money using people's money to release loans and make profit from interest.
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 ?
Some banks have cryptocurrency because they have not been able to control these virtual currencies and they are afraid they will make them more confused and lose control over them so they are afraid of cryptocurrency.Some banks are afraid the cryptocurrency may bloom because they may lost consumers since its easy to access the cryptos. Unlike bank that you should visit there bank store while in bitcoin you just have to log in your phone with your address and private key and you can sell, trade and keep your digital 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 ?
Some banks have cryptocurrency because they have not been able to control these virtual currencies and they are afraid they will make them more confused and lose control over them so they are afraid of cryptocurrency.
because the Central Bank is afraid. if many people will use the storage of money, the transaction using bitcoin. Automatically Bank will decrease consumer .
It's control thing. As long as banks have control on money flows they have control on government's agendas. They can directly influence where money gonna go - so they can directly influence where the whole country gonna go. With cryptocurrency they're losing it.
It's definitely about the control think. We all know that when we invest in Bitcoin, our money can be doubled unlike in bank, the interest is low. Thus, a lot of people go in Bitcoin than bank. And this is one of the reason why many banks hate cryptocurrency.
Many banks hate bitcoin because it has negative effect on their business since bitcoin is virtual currency and while bank is more on fiat base, if bitcoin continue to progress many banks will close since bank has no transaction using virtual currency like bitcoin.
It's control thing. As long as banks have control on money flows they have control on government's agendas. They can directly influence where money gonna go - so they can directly influence where the whole country gonna go. With cryptocurrency they're losing 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 ?
They can't control bitcoin or let say they can't manipulate it and besides they afraid that no one can use bank because of the virtual currency specially they can't get tax on it, and they no power to stop this virtual currency. 
Actually bank dose not hate cryptocurrency. They fear about it. In future cryptocurrency will replace in banking system. and their customer will gone crypto sector.
Well i agree with you that banks are threatened on cryptocurrency, because cryptocurrency now is having a lot of investor so i believe that in the future banks have a chance to eliminate and will be replaced by cryptocurrency because many people are starting to support cryptocurrency. 
Not really hate though, but the big revolution in financial activities.Cryptocurrency is an independent and no need of third party to make transaction you can make globally transaction with safety and quickly.Bank have threat that banks will loose value because bank transactions are too late and hurdle of paper work and people loosing interest in traditional banking system of nowadays.
Moreover, people tend to like transparent transactions. The existing centralized system began to be perceived ineffectiveness, resulting in a more just and transparent system of decentralization. Indeed banks are not necessarily frightened, because they are supported by the power of government.
One thing for sure they hate losing to something they know it's too big for them to beat,In the absence of a single authority, this digital currency is based entirely on math and consensus calculations; you can not prevent people from using bitcoins, can not cancel a transaction or refuse a bitcoin transaction because of its one-way nature.
the main reason banks hate cryptocurrency is that of decentralised nature no one can trace the transactions once it is done banks want to control crypto currencies also
many banks are banning bitcoins, what's the reason?
Yes, you are right!. In fact, not a few of them did not hesitate to launch a statement of hatred in several media both local and international.
To this day, they still assume, that:
Bitcoin makes the process of real trading transactions much more difficult,
Bitcoin inhibits economic growth for banks or countries,
Bitcoin, is filled with intrigue manipulation of greed,
Bitcoin, is a medium of financial experimentation,
Bitcoin, is not regulated by the authorities.
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