Topic: Will bank and crypto industry unite or be linked? - page 3. (Read 23558 times)
This merger is already underway, operations with cryptocurrency when withdrawing to real money are carried out through banks. Moreover, I think they will work in tandem to achieve good welfare and income goals.
I do not think that banks will allow the use of a decentralized system. It is not profitable for them. They should receive money from any operations. Although I would be interested to know how all the same cryptography and the banking system will work in a couple of years.
We have long seen the unstoppable appetite of the banking sector for absorbing cryptography in order to continue to dominate. For them, greed is not a vice, and therefore they will hold power to the last. It is absolutely fair to note that for the safe storage and transfer of banking information they need a blockchain more than anyone else. Their collaboration is inevitable
If the government of any country sees in this a benefit, an opportunity to legally earn and develop the banking sector, then why not)
They are already linked, looking at the rate at which ICOs and exchanges are demanding KYC and AML applications. The issue here is that big players entering the space do not understand what started this revolution and it seems Banks and VCs are likely going to be the ones to control the space in coming years unless we retrace our steps
Recently, after the release of blockchain technology into the world, I think that many banks will use this technology for their own needs. But what will happen to cryptocurrencies. Probably all the same they have more value than money. This is just my opinion.
Although they might not unite there are some aspect of blockchain that the banks might introduce their services to boost their activities and make them serve their clients better.
They will unite. I hope that it will happen very soon. The blockchain technologies are what we do need. The bankers will understand it, and do everything to work with the crypto industry as well.
If this will happen is it possible that decentralization be compromised?
everything might happen. because nothing will be impossible. if the market is increasingly profitable, the government will certainly approve what crypto does. We have to wait for everything to happen.
They are already connected, when you withdraw your money from cryptocurrency to cash. You always use the interaction of cryptocurrencies and banks.
If this will happen is it possible that decentralization be compromised?
If you look at the fast development of crypto, it is changing the way people are doing finance. And crypto is going mainstream that every day more and more subscribes to it. I think banks will, later on, connect to crypto to be more relatable to the needs of its investors. Else, they will end up losing clients.
Most likely, in the end, these two structures will unite and will work in one direction to increase financial well-being.
I always accept the the idea of "everything change."
If that so, then, decentralized turn into centralized is not a problem.
Centralized turn into decentralized is a problem but depends or negotiable on the condition.
Not surprising once the world totally adopted crypto.
If that so, then, decentralized turn into centralized is not a problem.
Centralized turn into decentralized is a problem but depends or negotiable on the condition.
Not surprising once the world totally adopted crypto.
If this will happen is it possible that decentralization be compromised?
If you look at the fast development of crypto, it is changing the way people are doing finance. And crypto is going mainstream that every day more and more subscribes to it. I think banks will, later on, connect to crypto to be more relatable to the needs of its investors. Else, they will end up losing clients.
I believe that banks will in the future create their own coins, for example, with dividends paid, as some crypto exchanges are doing now. Perhaps banks will start offering cryptocurrency storage services, a crypto exchanger and various other cryptocurrency services.
If this will happen is it possible that decentralization be compromised?
Both can work hand in hand, based on mutual understand, but most times, banks or even some organizations prefer to use blockchain technology and not cryptocurrency. The reason being that they are trying to avoid decentralized coins. Banks prefer what they can control, alter and have full authority on it.
They truly understand the benefits, but are afraid to dome extent.
Basically, banks and krypto have different basic principles, namely centralized and decentralized. So I don't think banks and krypto will be united, maybe they can be linked or rather mutual benefits cooperation with various terms and conditions.
Bank and Crypto have very different systems and they will not be able to unite. Crypto still has many weaknesses and there are no regulations with the government. The government still does not provide crypto rules because of various problems.
Everything can happen, cryptocurrency and the banking sector can work together to progress together, but if this happens crypto will be even better in the future, indeed during this time cryptocurrency is an enemy of financial institutions such as banks.
The Blockchain system and the system at the Bank are very different. If the two are united, I don't think that will happen because in many countries crypto has not been given permission about the use of transactions. And there are many problems that make Crypto unable to unite with the Bank.
Banks will be forced to use cryptocurrency in their activities and this should be on mutually beneficial terms. The merger of banks and cryptocurrency will never happen, because it is not profitable for either banks or cryptocurrency. Everyone has their own functions and tasks and they are incomparable. Banks perform much more functions than cryptocurrency. Bank and crypto unite,I guess that is a dream that may never come true because there system of operation is different and that is why they may never unite.
I think banks can use cryptocurrency and make a profit, but for this they will need to develop the necessary infrastructure and product that they will offer to their customers. Most likely, the banking sector will use Ripple, but Ripple is not a cryptocurrency, but rather centralized electronic money. Jump to: