Bitcoin Forum

they are all investing millions and millions into Fintech

Think its amusing how they are going to use tighter fintech rules to go after tax cheats. Its really just going to make the average person more scrutinized well the rich continue on business as usual.

what is Fintech?!

I dont know this too.

Is this it or is it that one company thing?

Financial technology, also known as FinTech, is an economic industry composed of companies that use technology to make financial services more efficient. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.

-Credits to Wikipedia.

I wanna know also about this. My wallet site is connected to a bank so I really would love to listen.

maybe pointing to Harold Finney?

Naturally, banks will not endorse anything other than "legal tenders". However, there are some banks seriously considering bitcoin/blockchain technology, which is good.

No, FinTech has nothing to do with Hal. Hal was a great guy!

I knew it, I always think twice when reading a negative stories about Bitcoin. I knew it wasn't 100% true

Of course they are investing in technology, but that doesn't have to be bullish for Bitcoin.
If they invest in their own blockchains, or in smart contracts, that would probably be a negative for Bitcoin.

I personally don't think banking and bitcoin mix very well.  Bitcoin can be like personal banking, but banks backing it would be like Taxi drivers backing Über!

Western Union or other money movers looking to bitcoin would be far more important, in my opinion.

i'm also dont know,at first time see,i think it was company or corporations,then i found this on google :
its no wonder if they warn about financial technology,as we know so many banks and company start interest to blockchain technology.

Hey, The disruption has started and they can either adopt it or go against it. They chose to steal the technology and are trying to adapt it to their needs. They are missing one vital ingredient though

and that is trust. They have built their own negative trust with the public, with the reckless behaviour and all of this under the governments noses. We cannot take away something, that they

already lost, due to their own greed and mistakes from the past. The only people still gullable enough to trust them are the uneducated. 

Fintech is not the same thing as bitcoin and if it's ok with you, I'm going to continue to do pretty much whatever I want.



While we're here, dinosaurs will die.

I don't think this really matters. Bitcoin will prevail and provide an attractive alternate investment to the mass. Bank can not change this now.

The more banks are yelling how shitty Bitcoin is the more I love it! ;D
Of course they try to manipulate the masses and their customoers as Bitcoin is all what banks never wanted to see on the market.These guys never had any serious competition the last several decades. And noow it seems this is changing and they are scratching their heads.

The thing is, only us and others who know the issues with the banks have an attitude of distrust towards them. Most of the population thinks they are very trustworthy, and that is why they remain in use today. I can't think of anyone I know aside from those who are interested in economics that doesn't realize that the banks are incredibly bad when it comes to dealing with money.

True. I know one bank in our country that have an interest with bitcoin now. They are the one connected with a wallet site and you can withdraw your bitcoin at their ATM's as fiat. This is getting exciting.

Ok, how can FinTech stop a decentralized technology like Bitcoin and what threat are they to the people who report negatively about Banks? FinTech is just a group of startups concentrating on creating software solutions to disrupt the financial system and is this not what Bitcoin is doing?

Cannot compute ^Bleep^ financial system disrupted ^bleep^ Centralization failed ^Bleeeep^

Banks are considering Bitcoin as a threat to them instead that they use it for their own benefit. Totaly wrong approach.

Bitcoin is a total threat to the banks, (I don't know anything more beautiful than being in control of your money without fearing any ban, border restriction and super high fees) so I just don't give a damn about when banks try to make bitcoin look like its worthless, to me its worth a lot.

So true. During all of their attempts at bad press they were quietly investing. Wouldn't want too much attention to it before they had a chance to fully invest.

its not matter for now,we still dont see any bad effect for us and for bitcoin,let say if bank gonna make big investement on fintech,and then they have big plan to make better domination and try against bitcoin and blockchain,i'm sure at that time its was big problem.

Why should we be careful about negative bitcoin stories regarding banks. Is it because the controversy is a whole bunch of lies.

If you read the thread you would know to at least google fintech and see what they are all about.
The second statement proves you just spout off with out even understanding the issue at hand,do every one a favor and google before you post on a topic that you do not understand. Better to do that then be labeled a sig spammer,right?