Topic: Will bank and crypto industry unite or be linked? - page 4. (Read 23558 times)
Bank and crypto may never unite because of the mode of operation, crypto is a decentralised system while bank is the other way round,I don't think they can unite.
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.
I think that banks will somehow work out their cryptocurrency, but I do not think that they will choose decentralized platforms, rather the opposite!
Of course, these two huge structures will go down as soon as the banks realize that the cryptocurrency has become strong enough to make the payment system worthy of competition immediately begin to move towards cooperation and the cryptocurrency will grow even stronger from now on.
I think that over time, centralized coins will displace decentralized ones. This is already happening, but so far it can only be seen as an example of how decentralization fails because too many coins are simply bought by whales in large quantities.
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.
Yes, bank and crypto industry will united. Singapore already looking into using blockchain for their banking.
Cryptocurrency is known for its decentralization so I think banks will not unite with them although they might use the blockchain technology to integrate on their current system because there are already some companies using it and they get a good results.
I think saying banks will unite with crypto is a myth. How can you say decentralisation will merge with centralization, sounds vague. I think in future, a few banks might consider blockchain technology, but I don't see banks dealing with crypto. They can only embed the services for profit maximization. For example, some banks do transactions via luno and get their cut of the profit.
We might not see this happen because both are two different system,crypto currency is all about decentralization why bank is been controlled, in such circumstances, it will be difficult to see the two unite.
I agree and think that the most possible solution is that traditional banks will adopt the blockchain technology and will provide much more secured services. It is pretty unlikely that crypto will totally replace banks.
I completely agree with your opinion, because such systems have completely different functional. But just the cryptocurrency of boxing. They will cooperate with the banking system, and I think that banks will take full advantage of this.
I agree and think that the most possible solution is that traditional banks will adopt the blockchain technology and will provide much more secured services. It is pretty unlikely that crypto will totally replace banks.
with the future entrance on field of business with the finance,
we should work on banking service with the flags and label of FIRSTINDO MARKET
as might we put of funds on investment to work on covering use of funding with the business on release from the desktop of our briefing table.
and the diners card to work on decentralized customs on reference on clients to put of funds with the real time online of latency and works on strategics to put of efforts on evaluation.
The fact is that the block chain is actively being introduced into the banking system and today the promotion of cryptocurrency and the bank is very relevant. One of such important points is the project ripple. we should work on banking service with the flags and label of FIRSTINDO MARKET
as might we put of funds on investment to work on covering use of funding with the business on release from the desktop of our briefing table.
and the diners card to work on decentralized customs on reference on clients to put of funds with the real time online of latency and works on strategics to put of efforts on evaluation.
with the future entrance on field of business with the finance,
we should work on banking service with the flags and label of FIRSTINDO MARKET
as might we put of funds on investment to work on covering use of funding with the business on release from the desktop of our briefing table.
and the diners card to work on decentralized customs on reference on clients to put of funds with the real time online of latency and works on strategics to put of efforts on evaluation.
we should work on banking service with the flags and label of FIRSTINDO MARKET
as might we put of funds on investment to work on covering use of funding with the business on release from the desktop of our briefing table.
and the diners card to work on decentralized customs on reference on clients to put of funds with the real time online of latency and works on strategics to put of efforts on evaluation.
If you pay attention to how banks react to cryptocurrencies, then we can say that sooner or later they are all synchronized and maybe we will have some kind of new product based on banks and cryptocurrencies.
Frankly, I do not see that many banks have a positive attitude towards cryptocurrencies, most likely some of them are interested in technologies (such as blockchain) that are related to cryptocurrencies. It is not known how the banking system will change and whether many banks will use digital currencies and introduce technologies.
If you pay attention to how banks react to cryptocurrencies, then we can say that sooner or later they are all synchronized and maybe we will have some kind of new product based on banks and cryptocurrencies.
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.
I don't see that happening and if that will become reality then decentralization will be compromised like you said and the main purpose of blockchain technology is to preach and bring decentralization.
If this will happen is it possible that decentralization be compromised?
I think its not going to happen! Since the two entities are on opposite sides, the one is for decentralizatio purpose while the other one is for centralized Banking purpose. But the Blockchain Technology is might be considered as a game changer to the Centralized Banking industry to reach the unbanked Population specially in the Third World countries, i hope it will realized in the soonest time possible! I totally agree that cryptocurrency and bank wont unite but banking system are starting to accept blockchain and even some bank have started to get full details about how to implement blockchain technology to the banking system. If it gets success then i think most of the banks will start to accept blockchain. But dont relate both as same as bank wont accept crypto coins but they will accept blockchain technology.
I think decentralization will be compromised because of the agendas of the banks
If this will happen is it possible that decentralization be compromised?
I think its not going to happen! Since the two entities are on opposite sides, the one is for decentralization purpose, while the other one is for centralized Banking purpose. But the Blockchain Technology is might be considered as a game changer to the Centralized Banking industry to reach the unbanked Population specially in the Third World countries, i hope it will realized in the soonest time possible! Jump to: