Topic: Will bank and crypto industry unite or be linked? - page 10. (Read 23570 times)
I am sure that the change in the banking system is inevitable. Moreover, I am sure that banks will work on the blockchain platform. But what exactly - time will tell.
I don't think this will be possible, banks want to keep dominating the financial sector and they will never unite with anything that could undermine their dominance. We should not take those big CEOs serious, they are not sincere with what they say.
If this will happen is it possible that decentralization be compromised?
Bank and crypto idea contradicts, it will be impossible for both to unite, banking industry is full of greedy people and since crypto surface bank see it as a major treat to it ideology. 
Bank and crypto are already beginning to unite, Ripple is a bright example, it makes software for banks. Ripple product xRapid is tied to XRP and the upcoming launch of xRapid platform was the impetus for the growth of the price of the currency.
That is not far from reality because i believe a hybrid banking system can somehow improve its operations and will give benefits to the clienteles. Just like Ripple, isn't it a crypto that is backed by banks in the world?
Crypto and normal currency will appear as 2 legal ways of payment due to its own advantages
In the next future, I believe it will be a reality. It takes time to reserve. the regulation, the fact we need now to protect our investment in cryptocurrency asset. It easy the poor dev fooled anybody with scam ICO.
Never going to happen because the nature of the bank is to protect its customers with a system that is centralized on the same server.
Cryptrocurrency is the very opposite of that and surely cryptocurrency also has its own bank.
Cryptrocurrency is the very opposite of that and surely cryptocurrency also has its own bank.
Last week I watched one of the webinars. There was a cut from the video that promised it would happen. Is likely to be.
Scarcely. It's probably not gonna want cryptocurrency. Banks are very restrictive. One of them: you need to report transactions, and this will require large capacity. In addition, not all banks will want to risk their reputation in the pursuit of fashion.
It seems to me, Association, cooperation will be. But immediately it will not be very popular. Demand will grow over time.
Yes and its already happening in the countries in which Bitcoin is legal like here in our country that our major banks are in partnership with our local exchange that every time we convert Bitcoin to fiat we could use the banks withdrawal facilities to get our converted cash anytime.
I'm not sure it will happen anytime soon, but the bank will use blockchain technology and will slowly provide space for cryptocurrency, crypto has a good opportunity to become a payment instrument that can be accepted by everyone.
It's two different things. The might be linked or they might not be linked. If they are linked together, that means banks will be accepting cryptocurrency as a means of payment.
I don't think so, the reason why people choose crypto is because crypto has a simple procedure for the transaction than a bank, only need balance and confirmation, no need signature in pepper, etc.
The combination of banking and crypto systems will exist in parallel and legally as two independent financial platforms. This will be a transitional period and will last for the period 2019-2021. Then in 2021-2024 a single financial platform will be formed based on cryptography. If this is easy for mankind to master and apply, then these stages will pass faster.
I'm sure the future lies with the crypto industry.Over time, banks will move to digital money.And I think the paper money will disappear.There will be no need for ATMs.The phones will be equipped with chips and people will manage their savings through phones ,computers.
I think that is unlikely. At least in Russia. In order to legally implement this, it is necessary to develop a package of bills for the basis of actions on unification, legal regulation. At the same time, it is necessary to bring the cryptocurrency to the already used payment system, and this is quite long.
I think they won't be united, but there will be definitely some new rules.
If this will happen is it possible that decentralization be compromised?
They will be linked in the future. The thing is that people are not going to want to stop saving their money in banks, it is just that the medium this money is present in is what is going to change and then the banks would have to evolve to be able to hold the currencies that these people would want to save with them. It will be the same banks, just storing a different kind of currency
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