Banks hate Bitcoin
Banks have been part of our society for so long that we forget what exactly they do. We regard it as a bastion of security and stability. They hate Bitcoin because of that inherent instability.
Topic: Why many banks hate cryptocurrency ? - page 8. (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 ?
cuz this is his business lol
They are very much afraid that the cryptocurrency will over take the banking system ,they know that if even the opportunity the cryptocurrency world will be taking the lead
Because it's unreliable. The prices are unstable.
Banks are afraid of losing control
The goal of any company that provides bitcoin services is to help those who can not open a traditional bank account, so it is not surprising that traditional banks feel uncomfortable with the competition brought about by the system. Traditional banking services appreciate the control they have over their people and money and will do everything in their power not to let go of it.
The goal of any company that provides bitcoin services is to help those who can not open a traditional bank account, so it is not surprising that traditional banks feel uncomfortable with the competition brought about by the system. Traditional banking services appreciate the control they have over their people and money and will do everything in their power not to let go of 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 ?
There are some banks that use cryptocurrency themselves and they find the use better than their regular transactions; this is because of awe-inspiring results of great coins in the market. Coins like PRG, BTC, LTC, TAU are giving great returns.
thos moves to not allow moey washing and to protect there goverement , there clients and thats a normal and expected thing
Banks working with fiat currencies and they losing their profit becaue of everyone who using cryptocurrencies in country they are based. It's the main reason of hate at my opinion.
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 see cryptocurrency as their competitor. They have been banning the use of cryptocurrency is so many countries, however, if they could have adopted the use, there could have been a positive change in the economy.
well i think banks hate bitcoin it is their competitor and can even replace them if bank will ignore the current increasing demand for bitcoin/crypto. In last few years they were putting lots of pressure on government to put several restrictions on bitcoin transactions and trading. Banks have mostly opposed cryptocurrencies because it is more profitable than the traditional bank, and also why banks dislike cryoptos probably because they feel threatened
maybe the bank is afraid if less in interest again. if people already know cryiptocurrency banks fear that they will save their money or melagukan transactions through bitcoin world.
whereas bitcoin and Bank can run together because it is impossible everyone will move to bitcoin all there must be a favorable Bank there is also a bitcon ..
It is true that some of banking systems are best competitors of bitcoin but it is only because people are comparing baking system with bitcoin and they prefer to use bitcoin as saving money than banks which is decreasing banks RATING in market which is disvaluing banking system in country, so this is the main reason why most of people are bitcoin lovers but only few % of people remaining in the world who are living with this old fashioned way of saving money in bank so bitcoin is being disliked by banks only for decreasing value of banks in world. whereas bitcoin and Bank can run together because it is impossible everyone will move to bitcoin all there must be a favorable Bank there is also a bitcon ..
Using blockchain, where all the transactions are safely linked together and are verifiable, open or available to everyone which makes it more immune than centralized banks. So this makes banks and other financial institutions totally unnecessary. This is the obvious reason that why banks hate cryptocurrency.
Because they dont believe in cryptocurrency. They don't earn more like cryptocurrency. They hate because many people believe in Bitcoin and invested their money than invest in their banks. Some banks afraid to lose an investor.
They think it is some kind of threat to them and they are scared of being over powered by something that they do not fully understand. That is why banks hate it and banks have a traditional way of running their own operations so i guess they are scared of being replaced by Blockchain Technology.
Many banks hate cryptocurrency because bitcoin is a decentralized system its gives you the independence. If the clients of those banks start investing on bitcoin, they fear that the clients will replace bitcoin with them .So they barnned bitcoin .Moreover they can not contol it and can not take advantage of bitcoin.
And I think the bitcoin deal is very cheap and almost banks are afraid of losing their customers. In the future, I think the bank should use bitcoin and cooperate with the cryptocurrency market to grow together. If that happens then there is no difference, because investors are easy to trade in the market wherever they are and do not have to worry about any problems. 
One of the reasons why banks hate cryptocurrency because cryptocurrency offers more than banks. Your money could be highly increased in just a short period of time than banks. Thus, you can have a better investment if you will put your money into digital cryptocurrency.
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 bitcoin takes investments from banks. Many people invest on crypto markets than puting their money in banks. Interest rates are low compared to crypto market gains. And people are willing to gamble for a chance to make a lot of money and it takes money out of banks.
Many banks hate cryptocurrency because bitcoin is a decentralized system its gives you the independence. If the clients of those banks start investing on bitcoin, they fear that the clients will replace bitcoin with them .So they barnned bitcoin .Moreover they can not contol it and can not take advantage 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 ?
When I'm a begginer in thia furom, I have lots of question and this subject is one of them. I think that bitcoin can help the bank to invest and make the bitcoin transaction at the bank. But why there are some bank are hated the bitcoin and the worst thing is they banned bitcoin in this bank.Why that thing happen ? But there some bank accept 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 ?
They just don't hate it, they want to ban it because they see bitcoin as a competitor not as contributor. Day by day bitcoin is becoming more popular because of its capability, benefits, purpose and advantages it can give so any users are attracting more and more to it. Jump to: