Topic: Will bank and crypto industry unite or be linked? - page 12. (Read 23558 times)
Think for yourself, do you think? An organization that exists only on the money of people who simply put their savings in a place called a bank or technology that has so many pluses and fewer minuses?
In the near future will not. If hypothetically to assume such option, at this stage both these structures were not defined yet who under whom, lays down.
From the point of view of reliability, I would have kept the traditional money version of the work in place of banks. But I think some banks still connect to cryptocurrencies in order to acquire a larger flow of customers. Is likely to be.
If this will happen is it possible that decentralization be compromised?
If crypto currencies will be successful then they will surely find a middle way to unite but today it semms not possible but maybe in future they will find a way because banks will try to survive as well.
If this will happen is it possible that decentralization be compromised?
I think they will unite
It is quite possible that several cryptocurrencies will unite, but that everything will unite - this may not happen. I can't say anything about the banks.
There is no way to unite bank and cryptocurrency because they are of two distinct entities. Banks are centralized (control by a central server) while cryptocurrencies are decentralized (controlled by none). It's impossible to merge them. But, they can co-exist with each other and have a harmonious system.
If this is the case, then only after cryptocurrencies get absolutely legal status in most major countries.
I believe that Yes, in the sense that States will create their own cryptocurrencies in the future, and their turnover will freely go through banks.
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Regardless of what anyone says including CEOs of big banks, this is never going to happen.
Banksters want to control, there is no place for decentralization or anonymity here. The system is made to enrich the rich and to enslave the poor, they'll never accept or any other cryptocurrency that they don't have full control of.
I agree with what you said because the issues of not having full control was the reason why VISA CEO said his company won't process any bitcoin transaction early this year. How ever, that shouldn't be a problem now cause we have some new project which are planning yo act as bank. Banksters want to control, there is no place for decentralization or anonymity here. The system is made to enrich the rich and to enslave the poor, they'll never accept or any other cryptocurrency that they don't have full control of.
I think that in the near future, many banks will be available to purchase key coins, such as Bitcoin and Ethereum. Cryptocurrencies are gradually being introduced into the world.
I think banks are transparent and have control, and the encryption industry is hidden and independent. They won't be united.
I doubt such an outcome sobti. Banks and cryptocurrency is diametrically opposite things. Banks are centralized and cryptocurrency is decentralized. Perhaps in the future they will have common ground, but they will definitely not unite.
I think that financial sector want it`s share from crypto. They will find the way how to incorporate in crypto
and profiting from it. As I know not all coins are fully decentralised like XRP.
Banks clearly see the benefits of blockchain technology and will use it for their benefit.
and profiting from it. As I know not all coins are fully decentralised like XRP.
Banks clearly see the benefits of blockchain technology and will use it for their benefit.
If this will happen is it possible that decentralization be compromised?
I don't think they will going to unite in the future. It is really impossible. I think cryptocurrency will continue to become bigger and popular and banks still continue to.operate normally.
If this will happen is it possible that decentralization be compromised?
It can or it cannot.To the positive side, they can make the cryptocurrency industry centralized with their own ruling of law. And they cannot because they simply just had to adopt crypto's.
In the foreseeable future, if all the same cryptocurrency is recognized as a full-fledged currency around the world, then banks will work with it.
The merger of banks and cryptocurrencies is not far off. Cryptocurrencies are developing very quickly, and probably in the next decade we will see the first crypto-currency Bank. Provided, of course, non-interference of States in the Affairs of the crypto world. Most likely in these banks it will be possible to exchange the crypt for the usual currency, and Vice versa. Buy cryptomonad, for real money. There ATMs on the issue of cryptocurrencies. This is just waiting for us, and now reality. And it is such that people are alien to everything new, but for now.
Not in the next few years. In the future, two decades, if there is no major collapse of the crypto markets, we can assume such an option.
If this will happen is it possible that decentralization be compromised?
It is possible if the government of ones country will accept cryptocurrency as a decentralized system but i think it will not totally eliminate the banking system also to cater individuals that will prefer not to engage in cryptocurrency. For those banks who wanted to cater cryptocurrency is also ideal as to cater the need of individuals who are engage in cryptocurrency for businesses, trading and investment. Maybe it could be a link only. Although they are plenty of advantages over banks but still we cant predict how it works in the real world of banking institutions,
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