Bitcoin Forum

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.

I don't know where you see such kind–hearted banks, but where I live, banks are not only against Bitcoin, they are pushing hard and down on the government to ban anything related to cryptocurrencies. Although banks are using Blockchain as a technology to improve their financial infrastructure, they are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).

The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.

Electronic money is still a big threat to bankers. All of them were surprised by the rapid overwhelming of the electronic money world has been growing rapidly in the past few months. There are hundreds of ICOs and major fluctuations in the big electronic money like Bitcoin and Ethereum.

Yeah, I think so. Bank will never fight against crypto, they should use and apply blockchain technology into banks process because as we know that blockchain technology offers simplicity and transparency. I think banks will be more simple and better if they can use this new technology. Now I think banks already begin to use it.

not forever
sooner or later the bank will accept cryptocurrency
especially crypto which is related to banking or centralized

I think it's wrong if a bank be against cryptocurrency, cryptocurrency is very supportive in transactions... Because this is electronic money that is useful for the future... I think, the bank will someday receive cryptocurrency in their business...

Retail banks, investment banks and central banks will need to adapt. They need to follow the market. If retail banking customers want to use cryptocurrency, you can bet that Bank of America will accommodate them with a trusted wallet and transfer system, eventually. I imagine that's why they have something like fifty blockchain patents already.

Likewise, I think investment and central banks won't be able to ignore BTC forever. At some point, they may need BTC in their portfolios as a hedge against the devaluation of other assets, like currencies.

Banks are slowly utilizing the blockchain technology. Same technology behind the cryptocurrency. In the future, banks will use this cryptocurrency too depending oin the demand from public. If the community is big enough, its an opportunity in business especially  for banks too.

The reason behind the bank's are always against in crypto currency because for them crypto currency is the biggest compitence to their investment. Because they lose big amount of profits if their customer's transfer to invest their money in crypto currencies. The bank gives a small amount of interest to their customer's in a long term deposits which is not good to the part of their customer's.

Yes, the bank will always oppose cryptocurrency.
I think if banks are afraid of being displaced by cryptocurrency, yes because cryptocurrency is easily safe and controlled in the hands of their money holders while in our bank does not have full power from it many people prefer cryptocurrency if cryptocurrency starts to surface.
Of course after cryptocurency surfaces and digital money is becoming more popular, I think banks will also take roles, they will accept digital money exchanges.

I have read reports of how banks have frozen the bank accounts of persons who they suspect to be dealing on cryptocurrencies even when there are not explicit law against the use of cryptos I such countries. The goal is to scare people off from using it because they know that it had the potential of changing how people see money

Blockchain and cryptocurrencies are bound to be adopted by the banks, why? they don't have choice as OP mentioned that the capital is there and the banks won't waste opportunity of catching it.

At first, it seems odd to see themselves adopting it but they will learn it later on that there's a big market that they can also collaborate with it. As long as there's money, they will not waste any single opportunity like adopting cryptocurrencies.

Here in my country, we have only one bank which I know that they are very opened into crypto crypto currency, Meaning, there is a possibility were in the near future the banks in every nations will adapt the concepts and system of cyrpto currency. Therefore, there is an hearsay's that if you can't beat them join them.

As a matter of fact, big banks are now working behind the scenes to integrate blockchain in their system.
If they will not accept such kind of blockchain innovation, they will be left behind.
Of course, at first, they are hesitant with the usage of cryptocurrencies because of the disadvantages that it brought to them.
But, the time is really changing so fast. More and more users are becoming aware of the benefits of blockchain and cryptocurrencies.
So, banks are now adopting this revolution. The truth is, blockchain might be the answer to their recurring problems (i.e. transparency, fraud, and so on.).

Most bankers are against digital currency such as BTC because of it high level of decentralization. Because BTC is decentralized giving out loans with interest which is a usual policy of banks to make profit would be expunged. Some banks are also working hard to form a strong body of interoperability with cryptocurrency.

as long as banks controll the national currency, they have no interest in weakening it

Banks will actively resist on the introduction of crypto currency only until their actual legalization by states. After that, banks' counteraction to the Crypto currency will decrease sharply and they will begin to provide services for the exchange of crypto currency. For other operations, such as deposits in the crypto currency or the issuance of loans in the crypto currency is hardly worth counting. For banks, given the high volatility of the crypto currency, this will be too risky, they will not be engaged in this.

things will change a lot in my opinion. for the first part the banks will oppose bitcoin since it is a decentralized currency that they can not have any kind of control over and instead they will go for the centralized altcoins and will invest in them. as we can see with the case of XRP today. then they will dump those coins and start their own centralized blockchain as we also see with some of the banks in these centralized altcoins are currently doing.
but eventually they can not fight the revolution anymore. as bitcoin's adoption grows more and more they will have to also adopt bitcoin and adapt their services

Gradually, surely the bank will provide the opportunity for bitcoin to exist in its network. Bank employees will be more observant with the changes that occur, bitcoin is a personal asset that can grow with many communities.
The number of communities and the number of people who need them will certainly serve bitcoin as well and can be exchanged for fiat, so that the bank will have the opportunity to add to the customer community / customers.

I think it won't be always that banks will against cryptocurrencies. Bank wanted to get a fee to maintain their business and get some profit from the transaction of a client. So if the bank get a transaction fee from bitcoin, they will allow it to transact using banks.

I don't know about other country but In india indian bank is against cryptocurrency and they ban any type of crypto related transaction.

In India, Bank is fully against Bitcoin and Crypto even they also not support the exchange activity such as withdrawal from exchange or deposit money in exchange.

not all banks oppose crypto, there are several banks that instead choose to collaborate with Crypto
the point is that banks that oppose crypto are banks that are too jealous and consider cripto as their rival.

The purported attack against bitcoin by the banks when looked holistically is nothing short of "make believe ". In the sense that because most government is yet to make their position known on the technology, they tend not to be at the forefront of the matter but behind the scene, several research and development are going on that will be surprising to every one eventually when its launched as banks compete between themselves to be the first to launch a particular technology.

Even today, various committee that are currently discussing on the implementation of blockchain/ bitcoin would still consist of top bank officials as they are the ones government would call upon to formulate policies compared to a developer working from garage.

The world is always changing. New technologies are always replacing traditional systems. It's natural.
New things usually aren't accept first. But they are finally accepted. Cryptocurrencies are the same.  They will be finally accepted.  

Yes bank should be able to develop and accept a changes. Crypto getting bigger everyday and blockchain is the reasons behind this development. Maybe in future there will be a loan using cryptocurrency that offered by bank.

If btc becomes part of the bank then their fees which they charge for the money transfer through remittance will get stop as btc fees is hardly as compared to those of bank charges. Thus due to which bank are in denial mode to accept the btc

Cryptocurrencies remain a big threat for bankers. It’s overwhelming how fast the crypto world is growing in the past few months. There are hundreds of ICOs and enormous fluctuations in major cryptocurrencies such as Bitcoin and Ethereum. Despite this being a big hurdle for banks, it is what many investors love. However, not all bankers hate cryptocurrency. Some have already invested in cryptocurrencies.

It sounds pretty more awesome that Banks today is having interest in use blockchain technology into its system of process due to the potential of blockchain. Blockchain technology is unavoidable, it comes as the world movement that tends to run on digital era. Therefore, blockchain comes and brings its advantages and value for it. It should not be against by banks, but banks should incorporate blockchain technology to build greater process and service for customers.

Agreed it is a never because banks can use this cryptocurrencies of our to earn money and a fact that it can help us more.

Plus one more thing to ask.

Where did you get this information? What is the world you got this idea Iam not againts you but your explaining this and telling it like we do not know but if some do not know say it like you got this information from somewhere like links.

I doubt bank will accept crypto fully, if the bank want to adopt crypto there will be a lot of regulations that are going to violated the crypto currency purpose, I knew that there are bunch of bank ready to accept crypto but the bank only want to adopt some crypto, not all crypto

Or it could happen that banks will create a completely a different world of online currencies or what we call it today "digital currency" based on the blockchain itself. I mean why would they rely over the existing crypto currencies or lets say bitcoin if they can invest in creating something of their own and controlled? If they want the end result to be regaining of capitalism then they can do it by selling their own currencies itself. Accepting the bitcoin or other suitable coin would be like going off the route they are having and it may not be healthy for their economical growth. I just believe that banks are smart enough to work out their own math rather than relying on some else's math!

When viewed by banks in the world some do not accept crypto and some accept crypto as a transaction replacing fiat because this will be useful for the future especially now that crypto is so liked by the public, then in the future all people have used bitcoin as a transaction

This is just an undeniable truth and very soon most banks will accept crypto currencies to better their functions if not most attention will shift from national currenciess to a global cryptocurrencies and if that be the case most bank will make the best move and as fast to function well through acceptance of crypto.

Banks are interested in Blockchain technologies, because it will streamline their business and that would put more money into their pockets. The savings as a direct result of more efficiency will not be channelled to the clients, but rather into shareholder pockets.

Banks will hate any technology that might cause their client base to shrink, because there will be less money being deposited into Bank accounts and less money for them to make available as loans.  ::)

I think Yes, because it is not profitable for them to accept a blockchain that is much safer and more profitable than Bank deposits.

Banks are interested in making more money, if accepting cryptocurrencies will earm them more money. They will definitely start accepting it sooner or later.

yes maybe that's the right thing because as we know there are no bank banks in the world who work together using crypto currency, because maybe they still consider crypto is not a safe thing, or even become their rival because crypto has a low cost in each transaction

not all banks disagree with cryptocurrencies, many also support and not a few in various countries depending on the regulation of a country to approve and also strict regulations also make banks afraid to approve cryptocurrencies.

I think Bitcoin is valuable thing or an asset to people for they want Bitcoin. For lile any other currency, Bitcoin follows the rules of aupply and demand of the economy. This helps people to make trade easier, enabling holders to convert goods into a widely tradable commodity through the business sale and then it uses to purchase nearly anything.

There may be a few banks supporting Bitcoin. But not so that you can believe that all banks do it. Actually banks will not be able to function as before Bitcoin appears. A fee will be deducted from the previous transaction. Bitcoin can perform this function more effectively for users.

I think most banks will fight Bitcoin if they can. Some may find ways to adapt rather than resist. But most will do that. Bitcoins can perform direct trades instead of intermediaries. That saves both time and costs. What Bitcoin saves to the user is actually what the bank does not do. And they must keep their resources by fighting it.

People in which money were conch also thought that there is nothing better. But the world does not stand in one place. But we have a future in us is bitcoin now !!!

I think that the bank will eventually accept the reality and accept bitcoin in a transaction to make fiat.
Bitcoin will continue to grow, slowly the bank will accept bitcoin and will have its own altcoin and will later create a community by attracting customers or customers. As time goes by it will definitely happen.

Banks will be against crypto until they control it. Well, considering it's happening now, chances are banks will make profits of crypto and support it in the nearest future. So what happens now is declining crypto and loading up on it at the same time  :)

Bankers are people who are only interested in their own material wealth. If the profit from the use of blockchain technology is not reduced, they will use crypto-currencies.

Also, seeing what Ripple - the bank's protector - did, it's possible to assume that the most powerful banks will create their own crypto and then manipulating it the way the want. In this case, even btc investments isn't needed. A simple and genius scheme, really. With banks' power, they can easily promote their coins and take advantage of it. It may become a great scandalous of a global scope, but who cares?!

I see your point but for me, banks will soon accept cryptocurrencies because of the development of cryptocurrencies, it will be used all over the world soon.

Ofcourse it will never be always happen since nowadays i have read many thread tackling about the adaption of banks from old school to blockchain and other technology behind cryptocurrencies and this is a serious matter from banks if they wanna stay in business in future since cryptocurrency is taking over the market worldwide slowly but surely

You got it right mate,bankers are into profit and not for anything else so if crypto and blockchain wil bring them wealth so what would be the problem for adaption


They are doing now,as banks starting to realize that their end is near from the presence of this crypto community so they are moving in to enter our world

I agree. I have observed so many financial institutions display their interest in the technology behind the cryptocurrency market while they basically shun away all cryptocurrencies. I was initially surprised to learn this when I was a newbie in the cryptocurrency market, but later on understood their true motives which is pathetic to say the least. This is the reason why I strongly believe that banks will never support cryptocurrencies for their own financial gains no matter what.

For sure. Moreover, banks can easily create volatility and guarantee profits this way. Such a big tool for whales.

Only the best will survive. Other will become just pump coins or die at all.

Bankers will fear Cryptocurrency and Bitcoin for as long as they believe it will put them out of a job and out of control.

Somehow banks would fear that bictoin would take their place as financial institutions.But this should not be a big deal to them because there are still a lot of people who are still not into crypto and prefer fiat until now

I agree that the Bank never against because like in the Philippines Bank support Bitcoin such as bitcoin wallet ex.Coins.ph if the bank will be against the cryptocurrency , Bank will never cash out money source of bitcoin.

Banks and politicians can always try to drag the name of bitcoin and other cryptocurrencies through the mire but this is the future money. It's become obvious that blockchain completely has more pros than the banking system. It's only prudent that the banks incorporate blockchain into their activities and devise better ways of keeping fiat and crypto working hand in hand.

Yes because cryptocurrencies are more secure and cheaper than bank.Cryptocurrencies are the disrupters that threaten the use case of banks. We have already see this in countries with challenging economies, where banks can steal your money, or economic mismanagement can devalue it before you have the chance to spend it. Look at Venezuela and Zimbabwe where Crypto is sold at a premium.

Old system of banks commonly against crypto. New crypto-system will create crypto banks.

I agree that banks will not always be against crypto currencies. They are very much interested with the innovation of the technology behind crypto currency. It offers much convenient way of doing transactions compared to traditional system. Although, they might be against the high volatility of crypto currency market. I believe once regulation happens, banks and institutional investors will start to adapt with it.

I don't think that banks will try their best to go against a new wave coming from the cryptocurrency, they may use it to make new opportunity to pave way for new mode of financing.

Well, For me I do not think that Banks will always be against cryptocurrencies even though many people are wants to invest and store their money in crypto rather than banks still today cryptos can not down the banks. Banks always be banks maybe banks and cryptos can collaborate together to have a better transactions. It is a good market strategies, it is not good to be against cryptos but if they can have a room for it then it could be a success.

I think all banks around the world are very scared of Cryptocurrency. Because they know that once the cryptocurrency is launched in the market, their banking service will now want to go to the people. People like to be independent but the bank does not give us that freedom. Then again, the banks cut off the deadly amount of tax. it seems to me that the bank is always on the against of the cryptocurrency.

Of course ... crypto-currencies are completely contrary to the interests of banks. Therefore, in case of success and worldwide recognition, banks will simply not need banks. Or their list of services will be very different from today.

Banks in the UK have also hit the headlines recently for no longer allowing people to buy Crypto with credit cards, although few media outlets bothered to mention that people have never been able to buy stocks and shares, or property on credit either.

The reason for the rejection is always the same; we don’t deal with crypto businesses because of money laundering risks. This rejection is despite the fact that I have built and sold many companies, have no criminal record and can prove the existence of the mine and business operations.

Personally I think that banks, as all of us interested in cryptocurrencies. But they just try to us that this is not so and to manipulate with the market. Banks have big amount of money, so using them, they can pump or down small market of cryptocurrencies. Think about it.

They like Crypto-Currency without doubts, but they don't like the decentralization. It's possible to keep the innovation and technology without keeping the decentralization and I believe that is their point. Banks like to be on the control of the situation and in decentralized world they couldn't be, so as you said, they have to "adapt" it, until it becomes fully pleasurable for them (centralized).

Then I don't see any difference between the currently traditional financial system and a centralized Crypto world.
It's six of one and half a dozen of the other.

Cryptoncurrency are decentralised in nature and this the main reason because of which many government are against of cryptocurrency. Cryptocurrency give much more privacy to their user in comparison to a normal bank. Because of this many people like to use cryptocurrency and cryptocurrency also used for international money exchange medium which is more easy to use then that of bank. Because of this many people like to use it. Cryptocurrency are also tex free and also charge low transaction cost and these things attract more people to use cryptocurrency instead of bank and this thing creates negative effect in bank progress.

the Bank is very interested in the technological innovation behind crypto currencies, and this is proven by the creation of its own virtual currency in several central banks based on the blockchain and hopefully in the future the Bank will accept bitcoin as a legitimate virtual currency

In the long run, this might happen but as now the reverse is the case but that's not really surprising considering the initial response to change. I think as time goes on banks will definitely have no choice but to face the reality and incorporate the blockchain technology services into their system.

I'm not convinced in that. Currently it looks like banks are against cryptocurrencies as their main competition but in fact they are well aware they have to keep the step with future to survive and to stay competitive.
And let's be honest, banks are only after profit and they know Bitcoin and cryptocurrencies will bring it to them.
So, to my opinion it will not have to take so long before banks start to provide to their clients Bitcoin related services.

As most of the people frequently ask that the banks are against the bitcoin because it can cause them the damage if it would be easy to reach and more common to regulate the banks are going to be in huge loss and their profit amount would also be reduced so that they both can't stay side by side with each other with hands in hands.

Of course they will because bitcoins has shown up to turn whole economic system (including banks of course) upside down. So it's normal banks are against to bitcoin. Bitcoin's nature completely unacceptable for traditional banking system.

No transaction or other fees here!!!!Obviously BANK go loss and in tern BANKs against Cryptocurrencies!!!!!

No matter the stand of banks against cryptocurrencies, the truth is that we can not continue with the norm forever. The human mind is open to ideas and blockchain technology is one of them. When the cashless society idea came, banks kicks against it until they found it interesting. Now they make good revenue from the process. Banks should stand and see how to explore the great opportunities that cryptocurrencies offer.

it's ridiculous to have to see those parents who remain opposed to blockchain technology and still deify their traditional systems.
maybe this will take several more generations until the person behind the bank is replaced by someone who is revolutionary who can see more about future technological opportunities.

Yes much well agreed because much and more money is going into crypto. If one can check thr statistics now, we could see that, more people are investing heavily into cryptocurrency.

I do not about that ,I am always if the pisitive way that in the future if the cryptocurrency will be accepted worldwide then as a financial business institutions banks ,would really get into or collaborate with cryptocurrency technology and accept cryptocurrency yransactions in the near future.

Banks will always be against cryptocurrencies? Yes also NO.

Yes. becaus In my county if people alrady know about cryptocurrensy most of them only use bank for change their crypto into fiat because save money in bank is unprofitable because of that bank against crypto

NO. Sometime bank also make cryptocurrensy as partner business and I think crypto's worlds is also influenced by banks

Banks are aware of the benefits and opportunity that cryptocurrencies avail to all individuals. This alone should be a driving force that serves as a threat to them since they have very little and obsolete services to offer. I think this will be the major reason why banks will be afraid of cryptocurrencies.

Recently I read a post which stipulated that banks are trying to understand bitcoin, blockchain and their associated operations so that they can easily incorporate it into their activities. Banks will not hate bitcoin forever, the mindset will change.

from the beginning of the emergence of crypto banks always opposed crypto, this happened because a lot of investors in banks turned to crypto. but in the foreseeable future I believe that crypto and banks can be connected and become a new technology

I think it's time for people themselves to stand up and take things into their own hands, because there is no way that banks will help you to get involved in decentralized crypto currencies.

They are out to continue to function as central party where each transaction requires a certain form of permission and fee to boost their revenue and profits. Crypto goes against everything banks stand for.

Crypto is far from perfect as means of payment, largely due to the volatility and very limited scalability, but with second layer solutions we should at least come a little closer to our end goal.

People aren't yet interested in using crypto as means of payment, and that gives Bitcoin enough time to have the lightning network mature even further. Bitcoin's future looks brighter and brighter as time goes by.

I think looking at the short term it is quite possible that banks will rise against crypto but there's also a chance that if crypto becomes more trusted then banks will find a way to harmonise with crypto. It's not all definite.

I think the reason is that they know one day when cryptocurrencies are accepted all over the world they might end up closing their banks because of the decentralized form of crypto.

I believe so.I think banks will probably accept crypto transactions in the near future.Since crypto development and its utilization is already growing,then bank transactions with crypto will now be inevitable.Instead of having them as great competitors,i know they will surely work hand in hand to give fast and efficient service to the people.

They started threatening cryptocurrencies when it first came. Nonetheless btc has conquered from that time and that shows the kind of coin we are dealing with. We just have to look at them do whatever they want but one thing s there is no way to stop cryptoccurrencies.  

Blockchain technology  is taking over the world as new projects are emerging to solve many problems. Most projects that are related to the world of finances  have already incorporated blockchain technology and think this is a step in the right direction for blockchain technology.

Yes your are correct if we are basing now banks and cryptocurrency was now embracing each other because here in my country some of banks was totally accept transaction thru bitcoin so that it easy for us to use it in our some transaction. So if the others saying that banks are against in bitcoin don't believe on it banks was accepting and adapting blockchain technology.

In my own opinion the Banks are controlled and regulated by the Government ,base on political sentiment the banks are ready to go low to sign a deal with the Government to frustrate the digital currency operations globally  because of the huge profit they make from the following sources:

1. Banks make profit by charging interest on money that they lend to their customer.
2. Banks make profit by charging fees for services they provide to their customer.
3. Banks make profit by trading financial instruments in the financial markets to their customer.

lets take a case study from the people republic of china, In 2018 precisely , China, a country known for having some of the strictest capital controls in the world, blocked its citizens from trading Crypto by banning and blocking exchanges and outlawing ICOs. Vietnam followed suit weeks later. when the banks have a deep thought on how much profit they generate as mention above they will always fight concurrency.

Jamie Dimon, the billionaire, Chairman, CEO and President of JP Morgan Chase — America’s largest investment bank regret why he called bitcoin fraud . l believe in the future the Banks will regret their actions too and embrace the cryptocurrencies sooner or later

I don't think banks will be again cryptocurrencies forever. It will come to a time when even the banks will start offering one form of cryptocurrency service or the other. So, just relax.

Through more than eight years of bitcoin's existence and development, central banks around the world have increasingly realized the potential strengths and weaknesses of electronic currencies. The "guards" of the global economy are now interested in 2 issues of coding money: What to do with the rise of private-money coders is becoming more and more popular, and should they launch their official coded currencies?

I'd rather say "Banks will never be against cryptocurrencies" because crypto is one of the best ways to make money and the volatility isn't going to scare them away from crypto 8)

not all banks against bitcoin, there are even some banks that try to learn the system from bitcoin, or blockchain and try to use it for the fiat they have. Well, but so far, the bank seems to look like that.

Thats right dude. that's what will happen in the future. technology will advance and banks will not think of banning bitcoin as a way
out of course they could lose users? the bank will think to cooperate with Crypto. maybe it will benefit for both

Not all banks hate crypto-coins. Some have said they are testing some digital coins and the blockchain.
In the future, money as we know it, controlled by banks, is likely to change and, according to some analysts, crypto-currency will be the new way to buy and trade products and services.

I think no. Here in our country almost all banks here are selling bitcoin, maybe they know that they can't stop bitcoin and now they ride in it. What I observed is that banks are now partnering with cryptocurrency and I believed they're going to upgrade their system into a blockchain. That's the only way for them to continue their business.

maybe for now the bank is still opposed to crypto in its growth and if in the future crypto currencies are accepted by all people and the country will certainly receive a crypto system too

There are still many banks that have the opportunity to learn bitcoin, I don't think banks need to fight bitcoin, banks and bitcoin have the opportunity to attract customers in their own ways. Bitcoin will be a tool that can provide convenience in banking later. Banks need to improve their opinions about fighting banks.

Let them be.
We have no such relation with banks and without banks, bitcoins can permorm well so there is really no need to relate with the banks. Instead we can start our own bank in terms of bitcoins and cryptos which can be more profitable and easy running.
Banks are actually centralised and it forms a lot of difficulties to understand the decentralised bitcoins and to accept them.

I am more welcome if banks can join and adopt the blockchain system. and receive crypto currencies for their savings. so that fiat and crypto currencies can function together. In addition, bank customers can see the transparent data of bank transactions carried out. I think it will be better for the financial and economic future.

Beside hiding their customers money on their piggy bank or somewhere, the greatest or toughest enemy of bank is the cryptocurrency. Many of us now chose investing and keeping our money on some exchange market and there will do our investment and grow our money. Bank don't like on what we are doing but they can't do anything but also accept bitcoin or crypto on their bank and make it their partner for them to grow also.

The cryptocurrency cuts off the government and the bank's business, which is one of the biggest reasons why the authorities are so opposed to cryptocurrency. It is very difficult to tax and profit from the cryptocurrency, which is the biggest obstacle to the legalization of virtual currency in various countries. However, cryptocurrency is a natural consequence of blockchain technology, banks can not always be against cryptocurrencies.

Yeah. Not all the banks are against the cryptocurrency like bitcoin. Some of them are now embracing the bitcoin. As a matter of fact, they allowed the bitcoin converted by the physical money or the currency of a particular place. Some of the banks are against to it maybe because they see it as a threat because in bitcoin you can store it as long as you want.

If states already pass laws on crypto-currencies, in the near future banks will accept them. If the banks do not keep pace with the times, they can hardly develop quickly.

In my opinion it will not always be that the bank will fight cryptocurrency. Banks want to get the costs to maintain their business and benefit from client transactions. Now they get a good income from the process.

Most probably. They will have to close their institutes if a decentralized currency gets into power. They know that and thats why they will always be against cryptocurrencies.

Indeed there is no limit in storing bitcoin and this is enough to provide benefits for holders, while for banks, they will continue to cut funds for administration, and if it is not taken too long there will be arrears and administrative costs remain in line. Many of the advantages of bitcoin so banks oppose and bitcoin is easy to pay for bad things happening. Bitcoin grows and is not controlled.

Many banks dislike bitcoin because of its decentralised, which creates trouble for banks and affects their profit and progress. Many country ban bitcoin in their country because their nation banks are against of bitcoin. Bitcoin provide their its user an untraceable and uninterrupted money transaction facility. In order to complete an transaction through bitcoin their is no need to give full information of sender or receiver and because of this many people like to use it in comparison to bank. And bitcoin fast, secure transaction facility also attract many people use it. And Because of this national bank loose their profits.

I agree with you to an extent but the majority of banks that are currently kicking against bitcoin are those who haven't found a way to tap into the huge capital of cryptocurrency. Banks are only in when there is money to be made and as much as they find a way to do that they will be all in for it.

As of now maybe banks are againts the cryptocurrency technology, but as soon as time goes that the cryptocurrency will be worldwide recognized by every country ,state, nations then banks as finance business will really be joining and accept cryptocurrency in that time because bitcoin is a business and profits so the banks will adopt the crypto .

those who oppose the crypto currency are government not from the bank, actually with the technology owned by crypto will give changes in the banking system, we know the crypto currency transaction is currently free of corruption and the holder who controls the value of the crypto currency

As long as the country where the Bank is located still prohibits Bitcoin, the Bank will actively reject crypto currencies. For banks, given the high volatility of crypto currencies, this will be too risky, they will not be involved in this.

The trusth is that Banks do not need cryptos, they are just fine by making money with curent system.
Cryptos as alternative payment system is taking away bussines from them , they do not need it.

if they are against cryptos then why most of the banks nowadays are now supporting crypto withdrawals and cash in? Hmmm??

Maybe not all banks because most banks are totally okay with crypto.


crypto doesnt take any business not even from banks . infact crypto helps the banks because crypto investors will always need a bank account to transfer and withdrew their crypto earnings .

Maybe some banks are threatend because they think all people will move their investments on cryptos , which isnt actually true because cryptos is also verry risky .

I think they will not. Because someday they will start accept cryptocurrency somehow :) And I think that it is the win-win situation!

No eternal enemies and friends! Only forever benefit!
When the cryptocurrency has an interest in the bank, the bank will support the cryptocurrency! A bank in Germany uses BTC for international transfers!
In the future, cryptocurrencies will help banks develop better!

Lol look around the forum and you will find that banks now are adopting blockchain as their technology needs this action to go with the flow of cryptocurrency,so what you are saying is now accurate that banks will always against crypto,

We don’t need future because they are starting now accepting crypto and trust me this won't take long before we see banks action towards our currency

For sure. As they are the only ones who will suffer big losses once blockchain transactions become mainstream. There are to many benefits and it is just a matter of time when it will happen.

I think that banks are not always against cryptocurrency. Already many banks want to provide services related cryptocurrency custody. I think they do not want to lose customers and will try to adapt to something that is gaining popularity.

it seems that it is very unlikely to happen, because the bank system already has regulations, where the financial that can be used based on having a real physical not in digital form. So the possibility for cryptocurrency to be accepted in a bank seems very small.

Yes but not all as we know that there is an existing cryptocurrency that is backed by banks around the world and that's in the presence of Ripple. So why not other banks follow what other banks are doing? For me, it is better to have a hybrid banking system in which blockchain is integrated into it.

the fact is that in some countries that prohibit crypto, banking is the one that strictly prohibits cryptocurrency. especially for Asian countries, in my opinion this would certainly be a debate. banking is only interested in the blockchain system. not cryptocurrency

There are still many countries that oppose crypto, so I think many banks will comply with these government regulations.
But there is no need to be pessimistic, there are still many banks that will provide opportunities for crypto to develop well.

The Banks like a crypto. The Government doesn't like crypto and don't want to work with her!!

I think banks will follow the trend. If people use btc or cryptocurrency more widely, the bank will also introduce policies to serve the users, as well as assist them in the transaction. borrowing, depositing, etc. so I think in the future banks will accept btc soon

You're right cause the rules and regulations of the countries where the Banks is located will determine how banks will appreciate bitcoin and regarding banks not to be involved with crypto currencies due to high volatility is all a lie cause the banks in Switzerland, Malta etc are involved in cryptocurrency.

Bankers are worried that crypto market growth rates will have a serious impact on their operations. Banks seem to be fighting cryptocurrency to slow down their growth rate. Many banks have recently banned their customers from buying cryptocurrency with their credit cards.

It's just inevitable.As people and banks when it moved from coins to bills,and then cards and online banking.The next step should be in the blockchain.It can't be any other way.Too much information and new technologies.And every day the number of users increases.Even already made a lot of new coins specifically for interaction with banks.It's started.

I think the banks will not against cryptocurrency and I hope that there are more banks that will accept cryptocurrency and perhaps, they can work together with the cryptocurrency. I think in the future, the banks will integrate with the blockchain technology once they found that the blockchain technology can help them to solve their problem. maybe they need to study first before they can build the infrastructure that can integrate with the blockchain technology so it will be a good news for the crypto user to see the banks can walk with the blockchain technology.

it could be, especially if crypto does not immediately get clear regulations from the government. because as crypto growth and increased use of crypto can affect the bank's performance. especially when making transactions abroad, if you use crypto it will have no effect because the crypto value is the same all over the world. while a country that imports / exports aims to improve the economy and increase the exchange rate of their money so that the currency becomes stronger and the bank is also getting stronger.

maybe you can tell us any of the traditional bank you know that accept cryptocurrency in exchange for fiat. I am sure your are not going to tell me about the cryptobank because they are not traditional bank and by the way we have seen many ICO past and present that intend to work on cryptobank but up till today non of them is fully functional. they have many drawback that they are still fighting. I can remember Bankera that seems to be a solid project with great concept but ever since the ICO, little or no information have been heard from the dev.

Government policy does have an impact on banks, but I think that if the government legalizes crypto, the bank will also accept crypto so that the government's aim to strengthen fiat in the economy will be realized, namely import exports that occur in global markets.

when we talk about bank against cryptocurrency, it might not be in using the underlying technology behind cryptocurrency which is blockchain technology. In fact there has been speculation that by year 2025, many bank will up in for using blockchain technology but accepting cryptocurrency in exchange for local currency is what i do not see coming from banks. banks are being regulated by the government and ones the government is against or baning crypto then there is no way banks will not be also against it.

Yes.. There is know how banks will not embrace cryptocurrency, because once people eyes are opening to cryptocurrency that means cryptocurrency space will be expanding and if banks still didn't embrace it then they will be force to accept it not by fight or power, but with people interest.... People are the power for everything.

Banks are using currencies like fiat and for that they have physically things while the value is controlling by central department in every country or central banks so they are sure about currencies and they are using then the digital money for physical money but not in the case of crypto so banks are against of crypto but it's importance for the traders can not be ignored still bitcoin have a good market value.

A fiat money system where central banks can and do literally print money at will has its weaknesses. That’s why hard assets like gold are so popular among smart investors: as real stores of value, they provide a safety net against currency depreciation.

However, it’s doubtful that the same applies to cryptocurrencies. Despite what the crypto-evangelists will tell you, digital tokens will never and can never replace gold as your financial hedge.

bank is not against in crypto currency. actually on my country now bank is adopting crypto currency. we can cash in and cash out from local wallet direct on bank and cash in also vice versa.

The motive of almost every business venture is to maximize profit and this does not apply only to the banking sector. At the moment most banks are not really abreast with the current state of blockchain technology in many parts of the world. I believe with increasing education on blockchain technology and the  stability of the world of crypto, many banks would appreciate the world of crypto.

Banks will always be against crypto currency?  Well in my opinion I think bank will never against the crypto currency. I think it can help each others in the future. 

Soon all the banks will switch to digital money to me so it seems now, many banks are nervous that with the advent of the critic they stopped controlling people's money

Banks feel a threat from the crypto currency, and they are trying in every way to remove them from their path. The growth of the Crypto currency exceeded all expectations, and yet the phenomenon is still very young and the growth potential of them is huge. Crypto-currencies can shake or even eliminate the aging financial system.

I do not feel there will be a time banks will accept cryptocurrency,it will always be looked upon with indifference as its opposed to the conventional system where only banks control fiat,but this decentralized system in which they have absolutely no control over in their opinion is a threat to their existence,that is the reason governments are really trying to bring regulations into the system.

Maybe some because the transaction to be made from a certain individual to another individual will be bypass using bitcoin and literally they could not earn on it. These are the scenarios that banks will definitely go against cryptocurrency because of this. Well only some because other banking institution had made some adjustments and others are also eyeing and ready for the possible things to happen.

I think yes they are against! But also they are searching ways to live together with cryptocurrency market i am sure. When you understand the cryptos you understand that the system would not come in good ways to banks it is for sure. But the banks know that the cryptocurrency will not die, and they need to find a solution..

Initially banks and their owners were fighting bitcoins seriously. It is after they come to understand that  there is nothing they can do  to stop bitcoin. That is why now the banks are seriously looking at blockchain and the possibility of incorporating blockchain in their system. They have come to understand that blockchain remains the future of the financial transactions. Bitcoin has come to stay.

I think at least in the near future, most banks around the world will continue their fighting against cryptocurrencies, and refuse to support them. Banks are allied with governments and businessmen and both want to support the fiat and local currencies instead of cryptocurrencies.

This is true. Banks really are an organization who seeks for profit. With this they might as well adopt the technology's new face so that they can go with the flow. It implies that there are really more and more people who are interested in bitcoin and so as an institution like bank. Bitcoin will be the new face of currency.

Hello,

I really don't trust this because their work and reason to live is making profit. So if crypto continu to grow they will be obliged to take part of it in order to take their profit and also not to be too much the last to take a part of it without too much delay. It will just take more time and need more trusts and perhaps a little more regulation and more cryptos with better press than BTC even if illegal part is just a small part of its use.

Likely so, bro. but I am sure that banks and cryiptocurrency can go hand in hand. in the sense that not everyone understands crypto and so does not everyone invests in the Bank. it would be nice if both could go hand in hand

In fact, there are signs that banks are beginning to consent to Bitcoin transactions. I would like to say that banks are currently encouraging the use of Bitcoin, by providing future Bitcoin transactions and allowing transfers to and from trading exchange (with bank accounts, not with credit).

I think that the business which we call  "bank"  will change drastically in next decade.
The world is going to next concept of banking and it is mobile fintech which will include crypto txs in some or other way, just look at Revolut.

No, even now it is heard that somewhere in the banks introduced cryptocurrency, and it is stable, and though with little speed moving forward development, without stopping and without distraction.

well, instead of fighting bitcoin or cryptocurrency, it is better for banks to study the system that is already in crypto. that might make their system superior because it combines this technology.

yes because nowadays banks are going on for normal paper currency is only and if everyone is starting cryptocurrencies then there need to be a lot of change in the banks so that they can take cryptocurrencies also and become cryptocurrencies Bank so banks are also not allowing cryptocurrency to become the mainstream.

Yeah! I agree that banks will never always be against bitcoin. They will come a day whereas banks will accept the new currency that people were so hooked. I read some topics in here that there were actually some banks that is now allowing bitcoin circulate in their system. Bitcoin is somehow same in banks so I think that banks will also advance to adapt in the new technology environment of our society.

Where you see such kind–hearted banks, but where I live, banks are not only against Bitcoin,

They are pushing hard and down on the government to ban anything related to crypto currencies.

Although banks are using Block chain as a technology to improve their financial infrastructure,

They are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).

I think banks will always be against cryptocurrencies because they know that in the future cryptocurrency have a possibilities that replace our banks.

Banks do not benefit from the use of crypto currency, because in this case they can lose part of their profits. Since bankers are people who are only interested in their own income, they are unlikely to do so.

Actually, not all banks are against in cryptocurrency,  because at the end, they will really use crypto/blockchain in their own program, meaning the influence of crypto cannot be stop and the flow of it will conquer the whole globe.

The bank is a financial institution that must constantly develop itself. Many banks in the world have recently begun to stand still. I think taking crypto currency as a means of payment, they will make a huge step forward. So I think in a short time the Banks will accept a crypto currency if they want to be in the topic.

They usually use to say if you can't beat them just join them, that how these banks are trying to do. They just realize that Cryptocurrency is really making the world go crazy and they cannot win the competition if they try. All they have to do is to surrender and embrace it. But trust there will always be some hatred even if they start accepting Cryptocurrencies world wide.  

They are not totally against cryptocurrencies but then it is their competitor so it is just normal that they don't want their customers to use it because their profits would be reduced when some people would suddenly pull out their funds and invest it in cryptocurrencies instead of just saving it and letting the bank use it for their own investment plans.


There are already studies about banks incorporating blockchain technology in their transactions because they knew that sooner or later, many businesses would adopt it as well so it would be better if they can get ahead knowing that the financial sector would be one that will be greatly affected when cryptocurrencies dominate over fiat. But then if they can't stop it, they would think of ways to use it then for their own benefit.

maybe at this time the bank is still opposed to the existence of bitcoin or other crypto currencies because of the reason one of them is payment and the transaction system can be carried out without any third party intervention namely the bank itself

We are seeing most banks are embracing blockchain technology and it is not impossible for them to consider processing cryptocurrency transactions in the future but for that to happen, there should be a massive approval from the government and cryptocurrency must acquire that recognize and solid rules and regulations for crypto market stability. Let's all hope that a massive adoption will be made someday and it would be better if it will happen sooner or later.

Although it is a slightly old article, Japanese banks also announce plans to handle cryptocurrency
https://cointelegraph.com/news/worlds-fifth-largest-bank-to-trial-own-cryptocurrency-in-2019-report-says

I think that banks will actively introduce blockchain technology and develop.
However, I think that it is treated not as a currency but as part of asset management like gold.

I agree with you, but in the future, every bank has 2 choices.
1. move their capital to the world of virtual currencies
2. choose their own way in a primitive way with limited and boring services.

I think, security will also be vulnerable and easily hacked, but bitcoin and the world of digital currencies have technology that can withstand hacking.

Bitcoin is based on the blockchain technology which relies on the principle of decentralization and the core feature of decentralisation is to transfer and utilise the power of masses. On the other hand, the traditional banking system is designed and based on the assumption of making a profit by being a middleman but in case of blockchain based cryptocurrencies, there is no need of middleman as mi mutual trust is the core aspect of it. That's the reason why some banks have already started testing blockchain technology to optimise their services without transferring the power and control to the users.

But sometimes hackers can easily hack digital currencies technology compared to banks system technology. For now I cannot tell wether bank is really against cryptocurrencies.

That won't be a situation that easily. Banks really need to redevelop a lot in order to start accepting cryptocurrencies. They need to change their circulation and that won't go that easy. Also banks(mentioning FIAT currencies here) will hardly turn over to decentralised currency. Centralised currency has always standed in opposition to decentralised currencies.

Also as soon as banks start accepting cryptos they would finally go through the stage of legalisation. Also the circulation and volume too will reach moon as this goes through. Lets hope for the best and think positively. The goverenment may perhaps take some serious step to take cryptocurrencies into circulation. I am personally waiting for such news. ;D

I believe that banks will also accept the crypto currency in the future. Because if they do not do it, then no one will have the interest to invest in the bank and this will be the beginning of the collapse and weakening of the bank's demand.

So it is sure that this will happen.

The bank will ban bitcoin if the government prohibits it.
But if the government permits the bank also gives bitcoin to transact, making fiat.
Many bank customers will use crypto for their business.

Yes, I agree with you, the bank will look for the best way to make a profit. I am sure that in the next few years the bank will accept cryptocurrency to conduct financial transactions. I hope the bank will soon work with the cryptocurrency so that all my financial transactions run smoothly.

I think that banks are not always against cryptocurrency. Already many banks want to provide services related cryptocurrency custody. I think they do not want to lose customers and will try to adapt to something that is gaining popularity

I think their reluctance is temporary, because such operations are very profitable due to the large volume of those who want to buy

It is true. I think, at first, somes banks was worried and afraid to existentcy of Cryptocurrency because many people start to investing in bitcoin and other cryptocurrency. Bank management think that their costumers will decrease. that meke money in banks will decrease.

Several banks and government start to attack and throw negative issues against cryptocurrency. but its doesn't any big impact to the cryptocurrency. its make bitcoin and another crypto currency popular across the world. Now, the bank realizes that crypto cannot be countered. That make starts providing services related cryptocurrency custody. bank doesn't want lose their customers.

I hope, cryptocurrency will stay  alive and have brigth future.

banks can neither barrow nor lend crypto currencies because crypto currencies is not regulated like the Banks is regulated by Central Bank

Yes bank for against cryptocurrencies because banks don't want to take any type of risk. but in future if Bitcoin is becoming the mainstream then we need Crypto banks also and they will not be against cryptocurrencies so don't worry about that infact these banks will upgrade to prepare banks only.

The bank will accept cryptocurrency in future
This is the control of people...the bank knows the data of a person

I think it all depends on the country. If the government accepts bitcoin and will develop it, the banks will have nothing left but to adjust to the innovations.

What happens when you slip into your overdraft on one account but are in credit on another? Do they aggregate? No. Despite you not being in debt to the bank but one ledger being in overdraft, you get a whopping overdraft fee.

So what do we need banks for? Mortgage? Nope, we can go to any mortgage provider for that? Loans? Nope, we can go to any loan provider for that. We can buy any financial service we want from any provider.

We need banks to hold out fiat and for buying things, and this is the threat:

    If we keep our savings in Crypto, then the banks have a smaller pool of money to lend from
    If we buy things using Crypto, the banks are making less money on debit fees

Every financial service we use Crypto for, we are taking a service away from the banks. And beyond fancy new mobile-only banks and biscuits for your dogs at Metro, nothing in banking has been disrupted. Until now.

But can Crypto take on the role of the bank? Yes, and here is why using Bitcoin as the primary example.

Banks are still waiting for the government's response to cryptocurrencies. Because the Bank is actually very happy if banks can utilize blockchain technology and also use of coins. This is like a regulation that has never been made, so the importance of a regulation is to guard and guarantee that some parties want to utilize cryptocurrencies in full. We must continue to put pressure on the government to immediately implement cryptocurrencies in the financial system.

I don't see the Bank and bitcoin as rivals. If the state does accept cryptocurrency, bitcoin will be a great addition to the banking system and will greatly simplify and protect it.

Banks may resist cryptocurrency, but eventually they will realize that it will only make the functioning of the banking system more convenient. And most importantly, bitcoin will significantly increase security, which can not but rejoice.

Banks will always be against cryptocurrencies because they want their monopoly control in the market. Bitcoin is of great potential and people are adopting crypto over banks. So banks are insecured as they will no longer be able to be the head of the marking league.

Yes, banks are really not against cryptocurrencies, Banks have their own strategy to get profited and gain income, cryptocurrencies are just added to our currencies out there and they can also use cryptocurrencies to gain additional profit.

I beg to disagreed on you statement pal, because here in my country we have one bank here who are accepting digital currency/bitcoin in a way of online transaction. when I heard and read it in the newspaper here I was so happy. Meaning, time will come that banks in the entire world will also adapt the system of crypto currency, and lets wait on to that matter anyway.

Large US banks, including Bank of America Corp, are very afraid of Bitcoin (Bitcoin). The growing popularity of crypto-currencies poses a threat to financial institutions.

The spread of digital money is undesirable for banks, given their current problems, which they have faced recently. Speech, first of all, is about low demand for loans, lower profits due to lower interest rates and fading hopes for deregulation.

The negative attitude of banks to the crypto currency is gradually beginning to manifest itself in the open. Suffice it to recall the harsh criticism of Bitcoin by JPMorgan Chase CEO Jamie Dimon.

What is the threat from Bitcoin?
The idea that Bitcoin could threaten traditional banking institutions, sounded in an interview with the American television channel CNBC executive director of the investment organization Taurus Wealth Advisors Rainer Michael Preuss.

He believes that crypto-currencies such as Bitcoin have a certain appeal, given the lack of transparency in the banking system. As an example, he cited the Federal Reserve's refusal to host an independent audit.

In contrast, blockchain technology registers each transaction and gives users a complete overview of all the movements of funds on the network. Moreover, he is sure that digital coins are able to offer a so-called "system hedge" against inflation of asset prices and to deprive banks of some functions.

Banks will actively resist the introduction of crypto currency only until it is legalized by the state. As soon as this happens, it will be pointless for banks to do this because simultaneously with legalization state-owned banks will receive instructions from relevant state authorities about what services can or should be provided in the crypto currency. Apparently, for commercial banks this information will have an advisory nature. Now there are scattered reports that some banks have already begun to accept crypto currency.

I think banks are against crypto currency. Maybe some have negative comments or reaction to crypto currency because they do not really know what crypt is.

Yes, because the world is now changing from traditional transaction into electronics and that is the trend and direction for the world's of humanity, technology is escalating to make every people's life at ease and with this massive adaptation of crypto currency more people choose to invest crypto than bank because the fact that its more profitable than those small percentage at the bank.

There are many reasons why banks can fear bitcoin. One, the size of crypto market exceeds large banks. Two, cryptocurrency value is increasing. Three, there’s the decentralized nature of crypto and four, crypto is a new technology that cannot be ignored. In the future, fiat controlled by bankers will surely change. According to most analysts, cryptocurrency will be the new way of buying and exchanging products and services. Do you think the world is ready to go cashless, though?

I don't think that banks will always be against cryptocurrency. It seems to me that banks will soon accept bitcoin in near future

In my opinion all those banks that simply will keep being against bitcoin, against cryptocurrency etc, they seriously risk to go out of business. The world is changing, and if you don't change and adapt as well you're out.

ya. they just like blockchain technology but not crypto. banks doesn't like anything they can't control. but they know blockchain is good better than SWIFT

Banks are institutions that have long been established as early as the development of mankind. And I believe that banks at this point will not regard bitcoin as something that will threaten their very nature. However it is agreeable that bitcoins growing popularity cannot be denied due to many benefits that it brought to its investor/user. And this is the good thing about bitcoin, it is an investment avenue that introduce us to innovative ways of earning money and enjoying life having a virtual currency. I believe in the future bitcoin will have even more uses and banks will incorporate bitcoin into their services as well to cater more clients.

ofcourse you must not agree on that because banks now are adapting crypto technology.theres some threads now that tackling about the adapting that’s happening from banks to crypto

Bankers are greed and they will not allow profits gone unto them so they will do everything to achieve this.and thats the motive behind banks

If the banks will go against cryptocurrencies, how will they gain more people to join their bank? Later on they will lose people and close their banks because people are into cryptocurrency. I believe they will make way to eventually incorporate cryptocurrency in their banks because they cannot afford to lose also their investors.

It's obvious that bank will against bitcoin, because they're not taxable and not monitor it....
But I'm in to bitcoin it's very easy to use than bank...
Please approved the bitcoin is going to centralized.and useit

In my view, yes it will always. Because cryptocurrency is a competitor of the banks. Even they try to accept it, maybe it is not the cryptocurrency which alredy exist, the banks just try to adobt the system and the Technology, and then make their own cryptocurrency.

It is the same thing that happens with the country that I am currently living in. Cryptocurrencies in my country have not been officially recognized, even prohibited from investing directly and indirectly through official banks in my country, but I am sure that someday all can be done for cooperation in progress and development.

As long as it is not understood by our government and bank they will never be accept cryptocurrency. But I hope someday they will find a way to understand cryptocurrency because if they not there are possibility crypto will be banned to our country once they not see the potential of crypto to us. But I think its better to not crossed their way because they are totally different to each other, and I think many people will choose crypto than a bank.

Not all banks are against crypto currencies. In fact here in our country, all of our leading banks are all in partnership with our local exchange that we could use their cash withdrawal facilities everytime we convert our Bitcoin into cash. This is even do Bitcoin is not legal but not ban in our country.

Why would the banks be against cryptocurrencies? I mean, I don't see any reason that they should be. It's not even a competition but rather a totally different form of currency. In fact, I think, if banks realize the potential of profits, they will probably all go for cryptos too.

No, I don't think so. In my opinion, banks will soon allow to use bitcoin. To what I know, banks already use bitcoin in cross-border payment

Banks will be against cryptocurrencies until and unless bitcoins becomes necessary for each and every individual. Banks will try to be a hindrance in the path of its success but once it become popular, it will join the hand to work together. After all, Two great minds think alike'.

I don't think that all banks are always opposed to cryptocurrency. I have seen several ICOs that can work with several banks that can provide the best solutions and can be one solution to be able to conduct transactions with banks. but it's true that the percentage of banks that fight cryptocurrency is very large.

the reason the bank is always opposed to cryptocurrency is the transaction of person to person without an official intermediary institution, so that no one serves complaints that arise, the absence of regulators, so that there is no institution that guarantees its security and also no legal certainty, the identity of the user can be disguised, so the Virtual currency vulnerable to use in illegal activities.
There is no central entity that acts as the person in charge, so the price of the virtual currency is determined based on demand and supply. Risks of Using Digital Currency. The exchange rate fluctuates, making it vulnerable to the risk of economic bubbles or bubbles, the potential to be used as a criminal act, such as money laundering and terrorism financing, Vulnerable to cyber attacks.

because cripto is very valuable from the others and this can be made interesting and we cannot underestimate it and we must be careful to choose a good crypto.

yes you are right the bank will forever oppose the existence of cryptocurrency because maybe the bank is frightened because this bank makes customers choose to go out and turn to cryptocurrency because we know this cryptocurrency can be one place to store all assets in the form of cryptocurrency.

bank is under government, so if the government accept bitcoin it mean bank accept it too.
im sure that bitcoin can make better some country if they can use the advantages of it. and also bank will earn profit if someone put their money on bank. many people trade their crypto into fiat, than save in some bank. they have fund in fiat and crypto

They will ignore initially, then they will mock you, then they fight you, then you win. That's exactly the scenario playing out now when u comes to digital currencies adoption by the main stream banks, so are still fighting us, while some have accepted their defeat and trying to do catch up. Only time will tell.

Banks oppose crypto because crypto cannot provide benefits to banks, for crypto it is a transaction from person to person so the bank is not needed.

I believe a time will come which the banks are going to accept the crypto for real, of course I do believe that not all of them will do it, there will always be some who are against..

Yes. If the state government can’t accept bitcoin, the bank cannot accept bitcoin as well, because banks must obey the rules in a country. Blockchain is very flexible where if a person or a company wants to use it there are no restrictions or rules that must be obeyed unlike banks that must follow and obey every rules in the country.

I agree, some banks have received bitcoin but only a small part. It doesn't matter because the little steps are very meaningful. And I hope for the next year more banks will accept bitcoin.

You are definitely right though. It all depends in the banks and spefic country will also needed to consider when talking about bank and cryptocurrency. We have a same idea that hoping for more acceptance in the future.

 Not yet bank are not against cryptocurrencies. But for time period it will be against cryptocurrencies. Though bank will accept cryptocurrencies but there would be less people in controlling  cryptocurrency trading. So where 30 people now working in bank, then 10 people will needed. So gradually bank workers will go against it and as well as bank also hence it has hacking possibility that not in hard trading in now-a days banking.

in my opinion, someday all banks will receive cryptocurrencies will not oppose cryptocurrencies if all countries formally accept and legalize crypto currencies

i cant agree that banks will always oppose crypto currency!
soon most of the bank wiill accept crypto and blockchain bcz crypto is future.

currently the bank is strongly opposed to cryptocurrency because it is very threatening and disruptive to the bank, of course the bank is very opposed to it because it can reduce the profits earned because many customers who if they know their cryptocurrency will move from the bank to the blockchain.
However, if in the next few years cryptocurrency has been raised to the surface and many people prefer blockchain then I think the bank itself will follow Crypto and try to take advantage of that moment.

that is good news because if many banks use the cryptocurrency system then the price of bitcoin and altcoin will increase significantly, of course it is very profitable

maybe that can happen bro. because the Bank is afraid of losing consumers who invest in Banks, bro. because there are so many people who used to invest in banks but now change to invest in bitcoin

For now many banks oppose crypto because of its decentralized nature and therefore banks will have difficulty controlling it. But if in the future crypto technology develops and becomes more popular, the bank will receive cryptocurrency.

bitcoin is not a threat to banks because bitcoin is different than the currencies and so far, bitcoin is not to buy something in our real life and only available on the internet. and if people can get work related with bitcoin or cryptocurrency, then it means he can have another source income which can help him to make more money in one's life.

The primary goal of Bitcoin and the blockchaine is to make banks disappear. It is obvious that banks feel threatened and are trying at best to curb bitcoin through economic restrictions. When Bitcoin explodes the banks will have to go to the evidence that everything will change.

Sure bank will be hating the cryptocurrency because the bank as fear that if everyone starts following cryptocurrency than thete is no use of banks therefore they are always agaist it

Most likely, as a result, banks themselves will come to the conclusion that crypto-currencies are not a dangerous tool.

Banks are the most drastic financial institutions and these instituions work for their goodwill nothing else, banks never provide loan to the needy one but provide loans with a greed to those who rarely need it and then charge good amount of interest, I even have seen banks go beyond their agreement to charge the customer.
I am very happy to see that crypto world is giving tough competition to banks, be it in transations, loans of particular earnings, everywhere, banks are now frustrated and willing to boycott crypto which people are not doing, this is making banks more worried , banks will now have some other way to attract people to their honeycomb ie transferring them to blockchain, soon they will be accepting blockchain technology and accepting cryptocurrencies.

Yes, they are. I believe so many of them wished it never saw the light of day. Banks have charges when you send and receive money, alert charges etc, with bitcoin and alts, those charges won't come into play.

Those who continue to think that banks against crypto-currencies probably do not know that the owners of banks have long been the owners of major crypto-exchange exchanges (Bittrex, Poloniex, Bitfinex etc.)

Banks whose are accepting bitcoin will enjoy in future but those banks which are against bitcoin will suffer great loss because bitcoin is the revolution in banking system and provide intangible way,s of utilising your money which is a lot of time safer then tangible/ fiat currency. that is why most of the bigger banks are against cryptocurrency and will remain.

Of course, because every bank in the world is certainly very jealous of the famous crypto currency from year to year. Therefore they prefer to fight crypto currencies like Bitcoin. Banks are afraid of being defeated by crypto currencies that are already very well known.

Yes the bank are always against for cryptocurrencies, in my country bank are already ban Bitcoin or any other cryptocurrencies trading with bank like deposit and withdrawal money for cryptocurrencies it is really bad for all Crypto traders I hope in future bank are going to support for cryptocurrencies sure.

You're absolutely right. There's no point for banks to always deny the influence of crypto. They definitely will want to attach to the crypto society.

The reason is no prove to correlate with what you are saying. What I know is that those in the banking sector have been and will always be vocal opponents of Bitcoins answer every other cryptocurrency there is.Maybe they are the ones spreading FUD so that they destroy it.

No, their is a big chance that banks and cryptocurrency will collaborate each other in the future. To make each other stronger, and also to make crypto easy to become legal all over the world.

Naturally yes.  Imagine how much it will be necessary to alter and change everything.  And they have become accustomed to comfort.

Some banks are now beginning to cooperate with cryptocurrencies. The cryptocurrency market is innovative and banks will have to find a way to sell their services through this market.

I think bank and cryptocurrencies are two different thing in terms views and ways but they can agree over one thing if they like to, some bank views currencies as competitor other challenge to accept it and adapt in their system. but they're not always  against each other.

I see your point but i don't agree with that. the fact is that banks already also use cryptocurrencies for oversea transaction

Yes, many banks are interested in blockchain, some of them even use it in their new products. But these acts have nothing in common with the acceptance of the cryptocurrencies, at least not in the nearest future. Banks give praise to blockchain but fervently criticize crypto. Banks and cryptocurrencies fundamentally contradict one another. Banks were, are, and will be centralized institutions aimed at controlling all the financial acts, while crypto is decentralized. Fast development and popularity of crypto is frighten banks.

I also believe that not all banks are against cryptocurrencies but it will take time before some of this financial institutions accept virtual coins. Banks may need more time for study and preparation before accepting cryptocurrencies in their services. They have to revise or create another rules that deals with the cryptocurrencies and other virtual coins. Some banks might also create their own virtual coins instead of adopting some existing cryptocurrency.

Some banks will surely start working and using crypto at some point. Not all banks will do it, but most will accept it. I am firmly convinced of that.

Yups they are now into blockchain as many articles i have read about bankings whos adapting this technology inside theirs so in short time we will be seeing banks that is runs by our own blockchain,and sooner all the crypto technology will be on their systems and maybe making. Business from cryptocurrency to banking currency or i mean fiat,they need profit so whatever happens its the investors they will go for us

Well maybe, but I believe in the future the money will grow so strong that the bank must consider it a currency.

And who said that they will be profitable all the time to pull the market up? Maybe they'll collapse first to shake off small currency holders like pesky fleas? And then, of course, again "bull".

Government structures, any, will support and support only that has huge turns of the market. and then there are rumors that they say soon there will be something that will Eclipse bitcoin. And you, people, how do you imagine, to Eclipse bitcoin?

I do not think banks will always be against bitcoin and cryptocurrency in general, eventually, banks will have to embrace the cryptocurrency technology. This is because its in their best interests too. They can't fight a losing battle.

nope, Banks will jump into crypto as soon as government issues state backed crypto, but both government and banks will remain negative for Bitcoin as they can't control Bitcoin.

Against for what reason? Some people predicting that banks going bankrupt if cryptos will be popular all over the world. Due to no middle man will be use in transactions. But why there are banks that are utilizing the potential of these cryptos as their part of their business. They are installing new atms that will accomodate the needs of the people for their crypros for easier access. New ideas is coming so banks can cope up to the demanding needs of the new generation in terms of online banking and transactions. So i think they are loving cryptos because they found a new way earn bigger

They will earn a lot if they will produce credit cards that accept Bitcoin and other crypto.
As they could take a good percent from conversions. While people will pay in bars for instance using such cards crypto will be converted to fiat automatically for a higher rate.
So I'm sure banks will accept it soon.

hahaha...you can always count on the hate and unacceptance of cryptocurrencies by our Central Banks because with cryptocurrencies fully accepted then it means they would lose all the transaction fees and taxes they used to charge business institutions anytime they conduct transactoins through our banks.

Well in my opinion, banks are not really against cryptocurrencies, as what other said some banks are accepting it, and i think banks also gains from it. And bank has nothing to do with the crypto Because it is the choice of the people, whether crypto or the bank.

Some banks will help you to convert you digital money into fiat.
Also some banks don't accept it because they see it as threat.

Very soon bitcoin and other alt-coin we take over, the world economy which is Banks has been seen the signal and the way transaction are been done very easily and more profitable for a long term investment than the bank system, that is the reason why banks start taking on necessary step to stopped, Which is not possible.

Banks operate in a highly regulated setting and for this reason, banks position to cryptocurrencies is same as that of the government. If the government prohibits cryptocurrency, then the banks can never accept it unless they obtain the required permission to do so.

Banks will have their own coin one day and any other coin will be in competition with them They will be agains the other crypto coins. Crypto is a great improvement that will change many things.

I think if right now bank still againts is still normal because banks also need to adapt  into the new technology of bitcoin and try to accept it. But, i'm sure in the future banks will accept bitcoin.

Isn't it obvious already?
Why would I support something that had the potential to phase me out of business?

In some countries it will happen and in other countries there will be where the Bank is very accepting of Bitcoin to make better development in their country. this only depends on the request.

in my opinion, it is a bad and undeveloped reason with that thought, why does the government or banking institution embrace cooperation and develop together for positive results and make all the people who are not disadvantaged for the development of cryptocurrencies and banking institutions prosperous.

The bank is not against cryptococarrency. Actually the bank wants evidence or documents for anything. But cryptocarrency does not have any documents. Which is online, in reality there is no position at all. So the bank is not against cryptococarrency. But the bank will never accept cryparency.

Banks are always against cryptocurrencies beacause this digital technology has feared them a lot.
If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless

Apparently banks and cryptocurrencies are always in compete over each other, even it looks like they are not. First the biggest feature of all crypto like bitcoin is the dencentralisation which it does not have a central control and the coin can be stored in your wallet and only you can access to it. In contrast, banks is centralizing the money and they earn money by lending your money to others. Two have different natures cannot work with each other.

I do not believe what you say, I always have a different perspective and I believe banks soon realized the benefits and features that crypto can bring, it can upgrade and improve their services, there is no reason for them not to recognize the factors that can help their future development. However, they always need to show a fake face, which is against cryptocurrency and bitcoin because the pressure from the government is too large, the government really does not like relationships that involve crypto when they and it are always two opposing states

   Well in some degree your statement is right but we see in the news that Banks in some country open its door for crypto currency digital transaction, the issue here the the total acceptance of Crypto Digital Transaction in the main stream market, whether they will open its door for the crypto to dominate the market. Bankers will always protect their long time investment and the Banking Institution as a whole.

One attribute a good business should adopt is innovation and adaptation to change. and i think the banking sector has identified the new thread in investment now which is cryptocurrency. And everyone are keying into the crypto currency initiative, and for the banking sector to stay relevant, they need to move with the threads and adopt cryptocurrency in order to stay competitively relevant.

Since the aim of the existence of cryptocurrencies and the blockchain technology behind it is to eliminate centralization, the banks will always be against it since they will have no ways of making money from the people. Banks and cryptocurrencies will always conflict.

Its  common in every business! When you lack ideas which you know your major competitor has, You will only look for ways to bring him down! Allowing $Bitcoin roam large means sending banks into oblivion!! They aren't comfortable with a tool that can cut down interest on loans, how do bankers make money if  not by taking Mr. A's money and giving loans to Mr. B, then charge interest which should rightly be Mr. A's!! If $Bitcoin makes Mr. A wiser so he doesn't lose interest on loans given with his money by the bank to the bank, Mr. A will only reach out for $Bitcoin and save his profit from loans!. Banks will always be against cryptocurrencies, Worst is that they fail to recognize that monies paid into their accounts could be proceeds from crypto trading!!

Not all banks oppose cryptocurrency, I believe that someday there will also be banks that support cyotocurrency and want to collaborate with cryptocurrency, because the existence of cryptocurrency will actually be able to help the development of banking if both can work well between the two.

I think banks will not work with cryptocurrency: very risky operations for banks. The high volatility of the cryptocurrency will not allow banks to work with it.

if the bank only accepts crypto transactions with money then it can be interpreted that the actual benefits of bitcoin will not appear.
and in my opinion this is quite uncomfortable.

Well I think that there is a mixed feelings to this because some set of banks might accept while some might reject but truth be told there is a higher percentage of rejecters. So I think cryptocurrency will overshadow banking system in the nearest future

Bank never want something which can create trouble for it. Bitcoin like decentralised currency creat problems for it cryptocurrency provide and untraceable and uninterrupted money transaction facility and because of this many people like to use it instead of bank. Another thing is transaction through cryptocurrency are less trouble and fast and they also charge low transaction cost but transaction through bank are time taking and banks also charge high transaction cost because of tgis many people like to use cryptocurrency instead of bank and this thing affects its bitcoin profit and progress.

I totally agree with you. Many renowned banks have already started looking at ways to incorporate blockchain in their system, they wouldn't want to oppose cryptocurrencies instead they'd want to tap into the huge capital available.

Banks would rather not to see cryptocurrencies in the market but they are not able to do that. While they are trying to find adopt criptocurrencies to their system, they also use their force in order to keep  cryptocurrency market cap lower.

I think the bank is fighting Cryptocurrency because it's difficult to control. So I think it will take a long time for banks to recognize and adopt cryptocurrency. Maybe not all banks will fight, but there are some banks that strongly oppose cryptocurrency in their country. So we don't need to think too far. This depends on the policy of a country I think. That is only my opinion about this.

The banks are clearly unable to “defeat” cryptographically protected digital currencies existing in distributed networks. However, the actions of the major players in the world of traditional finance may create certain obstacles to the growth of the cryptoindustry, in particular, for the development of its infrastructure. In the future, we can expect an increase in the tendency for states and banks to build regulatory barriers in the form of KYC / AML, various limits and other tricks to make it difficult to acquire cryptoactive assets using popular payment methods.
The capitalization of the digital currency market is growing from year to year. Banks, states and society as a whole will consistently go through all the stages of accepting the inevitable, realizing that it is impossible to stop the free exchange of benefits, as well as scientific and technical progress.

No, in my opinion banks are not afraid of cryptocurrencies. Banks have always played the role of a mediator between any two parties looking for funds or other services and cryptocurrencies don't need banks to be a mediator in between. Cryptocurrencies have potential to be a new currency all together which would be free from any government regulations. Having said that, banks do take interest in block chain technology as it makes digital transactions easy and more secure.

Indian central bank against cryptocurrency first time i heard from you. Government released any new cryptocurrrency regulation?
India and many countries banks against in crypto. But india is big population country, So people are very familiar with BTC.

I agree. They see cryptocurrencies as a threat for them. Since cryptocurrencies doesn’t really circulate unlike the regular currency, and it is decentralized, they’re afraid that people will not need banks anymore since they can secure their stakes or profit on their own.

While the government did not support cryptocurrency, banks will until the last set aside work with cryptocurrency, because at the moment it’s not profitable for them and they want to stretch it as long as possible, but this is a matter of time until the government of each country issues a new law when they will accept cryptocurrency, no one gets out of it.

of course there are many banks that do not agree with cryptocurrency or adopt crypto as money. why are there so many factors, especially about the functional and unstable value after entering the exchange.
there are other causes and certainly too long if described.
if every country has legalized crypto, of course they already have crypto itself as a transaction tool.

I can see based on my experienced banks dont trust cryptocurrency for now they dont know about it or maybe the employees only did not know but the bankers are all aware with it Im sure In my opinion cryptocurrencies need banks to convert digital money into fiat into seamless ways fast and convenient and vice versa they are slowly integrating blockchain into some bank systems and later on I think they will fully trust crypto and accept it.

I don't think so, especially if the banks can get many benefits from crypto, then I am sure that they will not discriminate against and even they will support the cryptocurrency. But still, they need to study about the cryptocurrency before they can be implemented and I think they need more time to make approval with the cryptocurrency. And if somehow, they find that the existing cryptocurrency will help them in the transaction mode, then they need to prepare their system to integrate with the blockchain technology.

If you see deeply and technically Banks are legal fraud. Which if any individual does will be in jail. Government and banks are making big money from public hard earned and paying them penny. Even sometimes if they loose money on market/share/business keeps right not to return your money.

In other hand cryptocurrency is just opposite. No one is here to keep all your money and use for theirs profit. O don't think bank ever going to be centrelized.

Yes, they are. I believe so many of them wished it never saw the light of day. Banks have charges when you send and receive money, alert charges etc, with bitcoin and alts, those charges won't come into play

Cryptocurrencies will be future of bank money and the banks of future will use it for fast and secure money transfers without papers and we can see it as users ,cryptocurrincies are useful for bank system , so i think they can be against for now that system but they will not always be against to use cryptocurrencies  .

i will term that decision ''flowing with the tide'' that is if the banking system ever come to a consensus with cryptocurrency. That will be a strategic win win decision for both the banking system and the crypto space, i think for any business to survive and be relevant, it must innovate and evolve with time else it be left behind time and subsequently become obsolete, the banking sector won't want to experience such a set back because as it stands now, cryptocurrency and blockchain technology are here to stay, any business that wants to stay relevance must adopt the blockchain technology alongside cryptocurrency.

The banks always see bitcoin and other cryptocurrencies as a threat, a competition. therefore, they will do everything possible in their own power to destroy the image of cryptocurrencies. Thankfully, the people are learning more about cryptocurrencies day by day because of that, I don't think what banks are doing against cryptocurrencies will last forever. 

I think the bank will always oppose cryptocurrency, because the existence of cryptocurrency will be detrimental to the bank where it has been proven that some customers withdraw their existing funds in the bank and switch to cryptocurrency or bitcoin. If this condition is allowed to continue continuously, it will certainly be detrimental to the bank and ultimately can disrupt financial stability in the banking system which has an impact on the stability of the economy and the country's finances. That's what makes banks hate cryptocurrency or bitcoin and try to get rid of cryptocurrency or bitcoin.

Because there are some different bank who manage.  There are a lot of banks that are agree by bitcoin because they also gain some profit by bitcoin.  Some of banks can use as exchanging or can use as withdrawals of bitcoin to fiat.  So, it is depend on the bank because not all the bank are against by bitcoin.

Yes, it is precisely that banks are now trying to implement the blockchain system in their financial system. This is a good step because then the BANK will have a system that is far more sophisticated and much safer. Slowly but surely, I am sure this will happen in the future and we will get a very good condition in the future in the crypto utilization sector in several important sectors such as the BANK.

That's for sure. Many banks are not satisfied that this is in fact electronic money. And return to the exchange of goods for goods

Yes in as much as bank will not have any option then to incorporate the blockchain into it system the fact still remains that cryptocurrency as a decentralized asset is hard to be incorporated by banks due to it own unique role which is similar to that of the banking system. In most cases blockchain is referred to as the digital bank so the blockchain will not be needing the bank to carry out it function.

Indeed, banks do not trust bitcoin for now, not just yet. Not only does bitcoin offers a great investing incentive but is also very risky in nature, and banks usually stay away from known risks as we all know them to be.

As a currency, banks will of course welcome any new player. But without government backing, it would be difficult for banks to extend trust to bitcoin. But yes, there is a growing interest with the technology behind it, and the news is out that banks are looking into practical applications of blockchain to the banking sector.

And surely, this will be progressive in nature should banks look at bitcoin in a collaborative way instead of competitive.

That is, of course, when electronic money can easily be transacted through the bank, where will they be kept when we only deposit money into the coin

All competent bank leaders see only positive aspects in new technologies. And now many banks are trying to introduce these technologies into their activities. And I think this is correct. Against the cryptocurrency, first of all, some political figures come out and, following them, the banks.What is the purpose of the bank? To get profit. What is the difference with the help of what to get this profit?

I have read reports of how banks have frozen the bank accounts of persons who they suspect to be dealing on cryptocurrencies even when there are not explicit law against the use of cryptos I such countries. The goal is to scare people off from using it because they know that it had the potential of changing how people see money

ordinary banks can easily adapt to the work of cryptocurrency. opponents are the Central banks responsible for issuing Fiat money. they're melting away the possibility of control.

Banks were actually fighting cryptocurrency and they know that blockchain will be the next big thing in the global financial transaction. The banks knows that since bitcoin did not go down completely this year that all they can do is over. The banks has nothing to do again than to fine way to incorporate blochchain technology in their system so that banks will still remain relevant in the near future when blockchain would have taken over.

The bank has been against cryptocurrency even though the government in its country is neutral, that's what happened to my country and there are even some countries that shut down exchanges crypto to fiat in their countries, this is not an action by the government but an action taken by the national bank that is there. Do not understand why the bank continues to oppose cryptocurrency, even though I still see and feel the positive side of crypto itself.

it's a logical step from banks because with the growth of the use of cryptocurrency they lose money. people don't make deposits but buy different coins and banks are angry with such situation.

As I have heard, some of the European banks have been already working with the cryptocurrencies. I think, in future, the number of them will grow. It is evident that the cryptos bring much profit to all.

Most likely, in the future, banks will begin to announce and release their own altcoins, because cryptocurrency is the potential future of the financial market. The sense of the bank’s work for the owner is to make a profit, .. I don’t think that someone sane will refuse or, all the more so, fight against making a profit.

   Banks win when it comes to money but at least now we have alternatives. This is revolutionary enough in order to reshape things.

Cryptocurrency implies the lack of a paper equivalent. And that means creating a new market. Therefore, banks and oppose Coins

It’s not quite clear yet how tokens will influence the world market and what the creators have in their plans. But still, banks should be wary

At some point banks will acquire blockchain technology or its successor, e.g now banks are acquiring XRapid technology by Ripple. Our future lies in the cashless society and digitalized payment solutions. You can experience the benefits of such technology today, e.g. you don’t need to carry your credit card anymore, you may just install a special app that will act as your credit card in your smart phone.

Crypto's threaten the banks livelihood and very existence and therefore to make the two friends will be difficult. Like any evolving technology banks will have to adopt, adapt and find their niche within this space in order to survive, otherwise the history books will pen them on their pages.

Banks have no chance - whether  to join the revolution of financial system and maybe even lead it or just leave the market and die) Nothing would save them from epy all-seeing eye of blockchain)

Yes I am agree with u.I think that bank will  Allow cryptocurrencie. In future money is cryptocurrencie.
     

I think that whenever the bank will always be opposed to cryptocurrency, because the existence of cryptocurrency is considered a threat to banks, because of the existence of a cryptocurrency the bank has certainly lost some of their customers who have switched to cryptocurrency investments. This is one example that banks will always be opposed to the existence of cryptocurrency, and of course there are also other reasons that cause banks to oppose cryptocurrency in addition to what I have mentioned.

Banks will stay against cryptocurrencies for several coming years, at least. As long as the most governments around the world are fighting Bitcoin and the other cryptocurrencies, the banks will never support these currencies, and they will continue their support of fiat and local currencies.

they consider the biggest threat is that they cannot control finances anymore, if we think logically, actually they can also make their own cryptocurrency and market it, because no matter how strong they reject it and against Cryptocurrencies, cryptocurrencies will continue to grow. I hope they are aware of and begin to accept the existence of cryptocurrencies.

First of all what is bank in 21st century? Or more importantly what will Bank look like in 10 years.

i want to turn your attention to startups like Revolut, it has already 2 million and more customers right now, their fees are very low and they have an option to buy and sell the most popular cryptos. In general I dont think that banks will have the luxury to not go with time and not accept cryptos in one or other way.

Banks are not against cryptocurrency, the government is, who generally controls the Banks. And most Governments are not against blockchain, trade between fiat-crypto's are restricted at the moment, this is just to make sure there is no money laundering been taken place. Already I read few countries are planning to adopt Blockchain technology along with plan including to implement their cryptocurrency, I guess then the restriction might be over or will be allowed with regulations.

I strongly believe that, if there are 100 banks around to support cryptocurrencies like bitcoin, I will say 5% will be in support of crypto whiles the remaining 95% will be against cryptocurrency. The reason being that, most banks see cryptocurrency as being a threat to them in the sense that, owing to the amount of profits one is likely to make from crypto, most people will withdraw almost all their money from banks and invest into crypto. This exposes banks to lot of threats which in a way can be difficult to tackle.

Of course, banks will soon work with cryptocurrencies. Now this is hampered by the lack of regulation of cryptocurrency at the state level. Therefore, banks now cannot work with cryptocurrencies, as banks are forced to obey the regulators.

For any industry, finding properly built relationships with banks is a problem. Many people call blockchain technology with a high degree of risk. But if you plunge into banking to a certain depth, you can find there are no less than financial instruments that are even more risky than cryptocurrencies. The banks, indeed, have considerable overhead costs for maintaining processes that are convenient for customers. This prevents venture investors, creators of start-ups from having a full-fledged partnership with banks. And the cryptocurrency market, it seems, is preparing to occupy this niche with a high risk, but with no capitalized profits. In general, sooner or later, the cryptocurrency market will throw wood chips into developing companies and industries, help them polish partnership mechanisms with financial structures, which will allow banks to be more loyal to start-up entrepreneurs.

crypto currency will always be profitable for any industry, including banks, as long as they can manage the blockchain system they have, of course the crypto currency becomes a very high value to be developed, especially banks that can save money from anywhere including BTC and ETH. Integration of banks with blockchain at this stage has been realized, such as the TPAY project

Yes
They'll always be against it.

Banks now are embracing bitcoin and other cryptocurrencies. Banks wants to be affiliated with bitcoin is a great move for them and that's why they choose to be part of it. Even though they know that crypto might there problem in the future if the the government fully legalize and support bitcoin. But for now they just want to be part of  bitcoin trend.

I do not believe as well because crypto currencies could lead to additional income of the banking institutions. The banks may offer cryptos as their product they would just need to strategize on how the banking industry would embrace and cope up with the crypto market.

It seems in that way, the bank don't likes the cryptocurrency market.. But i believe at the same time they are searching way to solve this problem in very fast way. I believe that they have understood that they can't deal with it with fighting.. Just like the goverments banks are really don't know what to do and searching best way for themselves..

- I do not think so, I have always thought that banks are becoming very excited with cryptocurrency because with the development of crypto, banks can create and develop new services in crypto, there is no reason for them to hate crypto, it is beneficial to them, not harmful. Government and many people still think that the crypto would threaten the bank in the future but the reality, this story is just rumors and lies, banks have built a very high level of trust and security, the chance for crypto to become a threat and the competition is too low

Banks will lose if continues against cryptocurrencies, cannot be deceived again that this world continues to grow, science continues to grow, our social life also continues to grow and cryptocurrencies are proof that our economic and financial systems are growing. so, even though Banks now reject cryptocurrencies I am sure that in the future they will use cryptocurrencies..

Banks are experiencing right now with blockchain and cryptocurrencies. Mostly with consensus algorithms like the one Ripple and Stellar has. It's matter of time they will implement this technology for avoiding double spending issues. There are numerous startups trying to integrate blockchain now with the financial world and when this finally happens, we can be witnesses of the most impressive growth of the blockchain industry will have  ;D

I don't know where you see banks that are kind, but where I live, banks don't just fight Bitcoin, they push hard and down on the government to ban everything related to cryptocurrency. Although banks use Blockchain as a technology to improve their financial infrastructure, they still ignore Bitcoin. But I think electronic money is still a big threat to bankers. They were all surprised by the development of electronic money which had grown rapidly in the past few months. There are hundreds of ICOs and big fluctuations in big electronic money like Bitcoin.

I agree with you here, and now even banks are studying this blockchain technology on how they can utilized this and incorporate in their system. I think there are more banks that are studying and open on ideas  on cryptocurrency and its a matter of time that they can come out their rulings.

in my opinion, banks are not completely hostile to cryptocurrency, sometimes when I exchange my bitcoin into domestic currency, I use bank services, and I'm sure the bank will be happy if we use their services because banks can get administrative fees

Until now, it seems that no bank actually accepts bitcoin as a tool for payment transactions. I don't know what the reason is. Or maybe the bank does not want to leave the conventional financial system, or there are other reasons?

of course that and to the extent the bank will always oppose bitcoin because the bank is afraid that if there is bitcoin the bank will be competitive and afraid too if its customers move to bitcoin, because bitcoin is a very promising investment place for the future of all of us too

I don't think it will always be. Maybe for now. Inevitably there are pros and cons in the revolutionary process, in this case, the financial system related to banking. In my opinion, the problem now is the government, which is as if banks are rejecting the presence of crypto currencies. I think it is only natural that in every government in various parts of the world it seems to treat the presence of the crypto currencies. But I believe that will be temporarily, given the importance of regulation in applying it to the banking system in a country. The point is, the government is not ready yet, especially in terms of regulation.

Banks can not make decisions very efficiently IMO, and accepting crypto is such a big step, that it probably won't happen from one day to another. Especially now, when the regulations are so hazy yet.

Banks are always threatened by digital money such as electronic system of transaction, it is because in banks the small player or depositor are only accepting small interest in every month, but in cryptocurrency if you had enough money to buy tokens you can earned or gaining more profit after the projects done so lots of investors wanted to invest in crypto than the banks..

Bank will always be against cryptocurrency and I believe that.If people start using cryptocurrency they will not store there money in bank they will keep there money in crypto.Because bank have some rules which people hate.If people start using crypto then bank can not make profit.  

haha not just about the bank. This is nation laws. They can't accept anything related to financial and it anonymous.

banks will not miss out on the progress and will soon be using a blockchain. i am really convinced of that and think that it will come in the coming years.

No not really for banks are also enjoying the cryptocurrency. Payments for local exchange are using these banks to accept payment for them. In this way banks will be earning from the transaction being made when you pay using the banking system especially if it involves huge  money. There is no way you will going to trust the online payment system when you will going to transact huge value of money.

They've already seen the advantage using blockchain and for sure they will take any advantage that they can get in order to benefits from this system, banks might just waiting for the right timing before they will start adopting the service, or they already using it without prior notice, not talking about ripple but maybe bitcoin itself for some internal transactions between branches to branches, who knows..

not only that but the bank is also afraid that if bitcoin is legalized in the country then the bank is afraid that the customer is moving to bitcoin and other crypto

In general if the banks want to survive . they will have to become crypto exchanges. as most banks are really just companies. they can rebrand themselves.

in general though, there really isn't a threat to them yet, only 1% of population is in crypto, so a long long way till there is any mass adoption..

more less they don't have to worry about anything yet

of course,  it will. both are strong contenders for financial institutions and are a competitor of one another because they can almost do the same things and that's why many businessmen are also are mad because their property (banks) is being rotten.

Banks can't control decentralized currencies, they able to control centralised currencies which is permitted by governments. Bitcoin such kind of decentralized currencies so that banks can't control it... So they always against it.

Banks will soon be forced to adapt to it, we can already see it on the example of such as Goldman Sachs, etc.

This is not totally correct assumption as many banks adopt this technology and connected to Ripple. This technology is gaining ground and we will see many new banks adopt it in near future.

Yes thats true, but not all banks is like that, and im sure that in the near future, banks will soon start to partner with cryptocurrencies for a better way of making transactions.

It is true, banks will always oppose cryptocurrency, and they will try to get government support to get rid of cryptocurrency. This is because with the existence of cryptocurrency, banks will experience a decrease in turnover or even loss due to some bank customers will withdraw their funds and switch to cryptocurrency investment.

Banks are free to be against cryptocurrencies! It's normal as is a free world.Banks are always threatened by digital money such as electronic system of transaction.

Banks are slowly utilizing the blockchain technology. Same technology behind the cryptocurrency. In the future, banks will use this cryptocurrency too depending oin the demand from public. If the community is big enough, its an opportunity in business especially  for banks too.

In future everything will work under cryptocurrencies or maybe even better system then what we do they have, they say you cannot trust a system if it is not under the government because who is going to pay you if some scam or something got your money who will be blamed for them. Does it really matters does government is paying anything to us when we are getting scammed right now. Augment do not fulfill half of their promises and Bitcoin does whatever it has told let me know it is a transparent network with military-grade security and we have not seen that now any of those rules are violated. So we can conclude if money is in hand of the human then it can go wrong because of human intentions but machines are not going to be greedy are not going to make any false decision.

The real answer to the question "why banks don't like cryptocurrencies" is that they feel a certain threat. The growth of cryptocurrencies has surpassed all expectations, and this phenomenon is still very young, but it has the potential to shake the aging system.

banking system is not based on block chain system . crypto is the purely introduction to the block chain system. block chain is the revolution in the transaction system and it will provide easy access of people sitting any where in the world. that is why banks always oppose the cryptcurrency.

Banks may be against btc because people are gradually moving their investment from banks into btc but they they cannot speak ill about the importance or the significance of the features of blockchain technology to their services. Maybe they may be forced to go into crypto based on what blockchain can offer to their services.

Yes banks became afraid on it because bitcoin was very different compare to fiat currency. In addition the volatility of it was also a problem for them. Bank think that people will adopt it more. The decentralization of it was also one factor why banks are against on it because no one control its price even the government.

Banks will always be against cryptocurrencies not only because it is decentralized but the fear of its domineering power. 

I think never, because Bitcoin is considered a payment and has a high number of users. I see some banks have recognized the blockchain technology and applied it in their bank. That is the reason make banks will accept for the common good.

The principle of operation of any Bank is to make a profit.What does the Bank produce?- bread, metal, computers?Of course not.Their meaning lies in the fact that it is cheaper to buy and more expensive to sell.The Bank does not care with what instruments to do it.Fiat money or cryptocurrency-absolutely no difference.And at the expense of the blockchain technology, now this technology is being introduced in all areas, and banks are no exception.

Banks have been against Cryptocurrency right from the day one it came to existence, because they will never get anything from it since it's Decentralized and with the fear it will really over thrown.

I will support your opinion! Banks aren't need to compete with cryptocurrency because it is an institution that monetize the currency. Cryptocurrency will help us to store, pay and transact using P2P services. But banks are responsible for balancing the wealth of economy. Hence, we need bank.

In my opinion, don't be too assessing the bank's ugliness.
How many businesses have been helped thanks to the bank when capital is used while opportunities are large and limited? Although they also know the above even know more about us about the bank's own ugliness.
and also remember that banks are service units under state law. That means our assets stored there also have guarantees under the law.
If it is a cryptocurrency asset stored on the exchange or an online wallet, who guarantees and is responsible for its security?
the state has not guaranteed risk yet.

I think banks will find a way of incorperating crypto into their financial system because they are curiously watching the trend and wouldnt want to loose out because most people with time will want to convert their fiat into cryto because of its decentralized nature

I don't believe the banks are going to be against cryptocurrencies for ever. It might even get to a time when the banks too will be jostling for cryptocurrency services. That time is surely coming.

Banks are finding that Cryptocurrency is becoming a significant threat to them. Many banks have been trying to link up with governments to issue bans aimed at restricting its development. But do not worry Banks are accepting Cryptocurrency and legalizing it.

I think the bank will continue to oppose the cryptocurrency even though there are some banks that adopt blockchain as a customer data store, but in general they continue to oppose cryptocurrency because when bank customers choose to invest in cryptocurrency the bank will automatically decrease the number of customers

Banks dont care, they just want money.
Ineternational money transfer systems is against Bitcoin.

i think bank have their way to use bitcoin as currency. maybe they use crypto too, investing in bitcoin. you know that many country legalize bitcoin, it mean they ready to take risk, and ready take profit.
i hope, ico that have platform like bank will always exist so they can be partner with real bank

Yes, banks are trying to incorporate blockchain technology into their banks. This is justified and necessary as the world becomes more modern and virtual currency is becoming more and more popular. Instead of fighting the crypto, they choose the method of accepting it and they will receive a lot of financial gain

With the increase trend of the Blockchain technology and cryptocurrency, the attention and interest of the people are gradually drawing to crypto. This will definitely lead the banks with no choice than to integrate Blockchain into their services in order to continue winning the interest of the people.

I do believe banks is want to find a way to take benefits from cryptocurrency. Banks can not againts cryptocurrency because crypto is base on community. Banks have much experience in financial system and they always find a way to survive and take benefits from any situation

Yes, definitely banks will always be against Bitcoin and cryptocurrencies because cryptocurrencies are decentralized and never need a bank or third party for any transaction, Bitcoin and crypto are threat to the banking and other financial systems, banks might be erase because of Bitcoin, it's just a predictions but it might happen soon.

I hope that in the future banks will accept cryptocurrency and will carry out part of monetary operations with it. I think this will greatly protect and simplify the banking system.

we know that at the moment competition is very tight, everything must be renewed, and I think this reason is why Banks will continue to against cryptocurrencies, they are afraid that in the future people will prefer cryptocurrencies so their business closes. I thought if they could use cryptocurrency it would be very good for the future of their bank. I hope they (Banks) realize quickly.

Now cryptocurrency is developing more and more, its use is becoming more popular. Therefore, over time, many banks will be forced to at least partially switch to blockchain. But I don't see it as a threat to the Bank.

I think that if a certain state allows the functioning of the cryptocurrency on its territory, the banks will have nothing left but to start using the cryptocurrency. Moreover, it is very convenient and do not be afraid of it.

The banks will push hard against bitcoin until they find ways to profit from it without exposing themselves to to high levels of risk-then they will start to trade bitcoin very quietly at first. Banks exist to make money and if they think they can make money they will adopt bitcoin etc. But the banks certainly don't want the public to get in on the action.

Yes its always against in bitcoin they controlled by some powerful political person they will against because there are some bad effects to thier sector. Many people will refuse to invest on bank theybwill much interest in crypto because we can see the interest is high unlike banks.

Seem banking industry aren't agaist into digital vritual cryptocurrency
Why first of all i use my local wallet to transfer my bitcoin into my bank to convert into fiat miney
I think some bank well understood the importance of cryptocurrency and not a threat to them

Absolutely, they are not really against it since for how long will they be against it. Just that most banks are now realizing the power of cryptocurrencies and for that matter they are trying their possible best incorporate their technology in order to provide better services to it members. Very soon you will see them providing crypto services.   

Electronic cash continues to be a giant threat to bankers. All of them were stunned by the fast overwhelming of the electronic cash world has been growing apace within the past few months. There square measure many ICOs and major fluctuations within the massive electronic cash like Bitcoin and Ethereum.

I think it's wrong if a bank is against cryptocurrency, cryptocurrency is extremely auxiliary in transactions... as a result of this can be electronic cash that's helpful for the long run... I feel the bank can sometimes receive cryptocurrency in their business...

this is because the banking system will always want to dominate the financial sector, but with the emergence of cryptocurrency, the banking system has viewed it as not just a competitor but a potential threat to it relevance, this is why the banking sector will always see crypto as a threat. but in order to stay relevance, i think the wisest decision for the banking sector is to adopt cryptocurrency else face total obsolete from the financial world.

Well in the first place banks and crypto currency has the same in some purpose like stroring and investing money. In the market or as a competition in business you must take down your opponent by your advantage but the scenario of banks and crypto, crypto slightly introducing itself to the market but as what it takes to be banks suddenly opposing to it to stay in the society.

No, I don't think so. I guess that one day banks will issue their own cryptocurrencies or they will just start working like exchanges/wallet providers maybe.

Instead of fighting against cryptocurrency, I think banks should carefully explore the advantages of crypto and the blockchain technology that can be used to improve the increasingly outdated banking system. There are many banks that have adopted blockchain technology and it is showing very good results.

Some are not disagreeing instead they are adapting it as a financing system.  Some arw totally agaisnt because that is what the government told them, banks are under government facilities so its not new knowing that some are against to it. I see blockchain as the future of financing, nontheless i know we are heading into that kind of system.

yes bitcoin not always against bitcoin, why? right now we know that blockchain is the good system right? and the fact is there are many banks that learn about blockchain system, and it looks that they not against bitcoin right? 

I don't think they will be against it because the technology is good and more profitable for them. Consider that in cryptocurrency the transactions doesn't have to be manual and no employee would be attending during the processing which means they can cater to more clients with low human resource to attend to. This is a great advantage for the banks. Second clients can become global so banks can have a wider scope. So I really think they will really use the tachnology for their advantage.

I do not see the reason why banks would and should be against cryptocurrency.With the technological advancement, i see they rather integrating the cryptosystem into their work . There should be more crypto ATMs and banks too.

I am a bit 50/50 on this matter. Some banks are still against bitcoins but some are already accepting bitcoins on a trade for fiat money. I think it will be a smart move for banks to accept bitcoins. They could tax the exchange and earn from it thus promoting more and more banks to do the same.

that's good hope. almost all cryptocurrency followers crave this, where banks can run well with crypto.  8)
we just wait, hopefully this can be realized  ;D

because cryptocurrency threatens the existence of banks, let alone a decentralized system differs 360 degrees from the bank system? of course that is what makes banks against crypto, because it is very possible that people will prefer decentralization more freely than the bank system

should that happen, It definitely would be a huge win win for both the banking industries and crypto adopters, As It would make the use of fiat to crypto and vice versa easier and perhaps more transparent(without need a third party exchange) than it currently is. It will also drive crypto further to its initial goal of being widely and generally accepted as means of transaction between all of firms.

Maybe the banks are prepared to integrate their system to the cryptocurrency, and if it's final, they will release the good news to the public so the crypto can reach more people. I am sure that there will be many ATM installed in many places so we don't have to get a problem when we want to convert the bitcoin to local fiat, and we can directly buy something with bitcoin.

Cryptocurrency weak in security aspects.
Banks cant integrate system which can be hacked by some one, and this funds lost forever. I am sure this is the biggest problem on the way

Yes, it will. As the states legalize cryptocurrency, banks will take steps to include cryptocurrency in the list of services they provide. Of course, the most common will be the services of buying and selling and exchanging cryptocurrency, the rest of the services will be provided depending on the general attitude of the state to it and the desire of banks. However, I do not think that state-owned banks will widely provide other types of cryptocurrency services.

Great comment, banks wouldn't be where they are if they don't have ability to adapt to new circumstances. They have money and they can change themselves in order to continue to make profit with their huge capital. Of course some bank can fail if management is bad.
Banks aren't the only ones who needs to change in order to adapt to new technologies, it's the task that waits many companies. I believe it's all in peoples minds, the ones who are ready for the changes they will be just finez the ones who aren't with sink in the past. Nothing new, that's happened many times in the past.

I hope soon bank will accept cryptocurrency onwards . ;)

I will support you on this statement of yours dude! in fact, here in my country the is only one bank I knew which is really open for crypto currency and that is Unionbank, I don't if some of you are familiar or heard of it. This banks in my assessment they adapted the scheme of crypto currency, I think they see there is a big potentials in crypto and they maybe saw it also that bring it down which is crypto is not possible for the bank to defeat whether it is bitcoin or crypto.

I think banks now is just on the adjustment period where they initially consider cryptocurrency investment as a potential threat to their business for the reason that they will fight for investors but I shared I think banks will do on the long term is that they can really incorporate or adapt the idea of cryptocurrency. They will soon realized that they do not need to battle with cryptocurrencies but instead to cooperate with it. They already see the growing number of digital coin investors and these banks can capture these type of investors only by also offering cryptocurrencies.

The bank is always against the crypto currency. Because the bank can not control the transactions happening in the crypto currency. Because of which many times banks also suffer losses. But I think there will be some solution for this in the future. Thereby the bank will not be against the crypto currency.

bank will use bitcoin for their resource, if they are smart enough.
you know that bitcoin can make someone better than before. and it can implement to a lot of society too if they can use it. government must have new idea for this 'future' they cant ban it, because every person that know about bitcoin will try to earn it in every ways

It's expected that it will happen but only on the early years of crypto like in this current year. But when mass adoption is already spreading like a wildfire then most of them will have decide whether to join or continue to resist. If they resist much more then they will just end up miserably so its up to the head of those banks if they want to fight until the end or not.

Bank always try thousand way for against with cryptocurrency, they have afraid when many people more like for invest and save money with bitcoin than have save money at bank, people have smart now which one more profitable for saving money between bank and bitcoin.

There are some reason Why people say that: Banks will always be against cryptocurrencies. I think with the extreme development of cryptocurrencies , people will use it to transfer money instead of finding so that there is a risk of bank's existence

The interest in electronic markets is increasing, so it is impossible for banks to fight against electronic money. With the benefits of the technology it brings, banks are approaching and will accept electronic money in future financial transactions.

You are absolutely right on their craving for capital, I really believe they will come for the technology that cryptocurrency is offering..

You absolutely make a point cause we already have some banks which currently work with ripple and we have some case where some bank are against cryptocurrencies which is the reason why I believed it won't be easy for the banking sector to accept crypto and this was the same reason why the Israelis government don't recognized bitcoin as currency.

Yes. I am totally agree with you, we must say that some banks did not want cryptocurreny but still there are banks that open to collaborate with cryptocurrency. I think some countries have a ATM machines in cryptocurrency is connected with banks and in their country cryptocurrency is one of the partners of banks. It is good to see that banks and crypto is not competing instead partners in making us convenient incomes to transactions.

I think bank will not be against crypto currencies because they would probably benefit from the crypto currencies specially if they will embrace the crypto market and add it up on their products and services.

I agree with that. Bank will always against in bitcoin, I think the reason why banks are against bitcoin because their client are no longer to deposit to their bank accoints because clients are already put their money and investment at bitcoin business. If you think wisely. Bitcoin investment is more practical rather than bank investment. Because in bank investment your capital will earn a very small interst like 0.005% per month unlike when you invest at bitcoin you will earn double as your capital depend on your strategies. So people will choose the bitcoin investment and the bank being against to bitcoin because it may cause their loss.

I agree completely.

Banks always feel threatened at the mention of cryptocurrencies.
We all know that banks makes huge percentage of their money from fees and charges on transactions.
By the time cryptocurrencies get mass adoption rate in no distant time from now, and the public starts doing transactions using cryptocurrencies, all those charges and fees will no longer be coming forth for the banks .
This could threaten the very existence of the banking industry and I do think that this  could be the reason why banks are jittery over cryptocurrencies.

I don't think that all banks will accept cryptocurrency because not all countries legalize the use of cryptocurrency, especially bitcoin, from the many news that I read that many banks oppose bitcoin, maybe they use bitcoin as a threat to their business, and I don't know for sure about it

The bank is currently still not agreeing with the growing progress of the project because it will later also make many people who will switch to the cryptocurrency world because everyone has believed

I think the bank statement will always oppose this cryptocurrency right. because most central banks fear cryptocurrency will not be controlled and are very vulnerable to being used as a means of money laundering, drug sales and other criminal behavior. and if crypto circulates, the bank is afraid of losing to crypto because people prefer to invest crypto rather than deposit money in the bank. and decentralized cryptocurrency cannot be monopolized by the central bank. and most governments do not like something that cannot be controlled.

..yeah you're right..i don't see anything wrong that many banks will be against crypto..but rather,,they will going to accept it for many were involve in crypto world..banks are just afraid to loose clients..because many peoole were engage in investing in crypto..so they treat crypto as their mortal enemy..contrary to that,,few banks are now accepting Bitcoin..so i see in the future that there is a chance that bitcoin will be the first digital crypto money in the world..

Some banks are now beginning to cooperate with cryptocurrencies. The cryptocurrency market is innovative and banks will have to find a way to sell their services through this market.

I think banks are more than ready to accept cryptocurrencies, but the issue lies with political heads and government. Once, government gives a green signal, banks will readily accept it.

The way I see it, there are banks that feel threatened by the existence of cryptocurrencies but the question is, for how long is this going to last? Maybe they hate bitcoins and altcoins now, but it's not unlikely that they will start adapting to digital currency and create their own crypto in the future.

Yes, they will be on the other side of cryptocurrency.
but this will not stay for good. banks know the economics and community.
It will be move soon, cryptocurrency is the future of the world, they will make a move about this.
they will join the movement soon.

Bitcoin may be integrated into the banking system, but then anonymity will be abolished. Banks want to know everything about the client, they are subject to the laws of the state in whose jurisdiction they work. Today, anonymity is the main reason why governments are against Bitcoin. Anonymity has become a good tool for fraudsters, this is the problem of Bitcoin adaptation at the state level.

No, I don't t agree with the comment that: Banks will always be against cryptocurrencies . Because, in the future bank will apply more blockchain technology in their process of transaction for customer's satisfaction.

  I think that when bitcoin is widely used, then they will not need banks to trade or transfer money to foreign countries anymore. That means that bank deposits will no longer. So banks have to keep up with the trend in new areas or they will die.

banks will not be able to manage all transactions on the blockchain system, they realize that, I think the bank is actually the party that has no objection to this, they just don't want to oppose the government's system policy which temporarily prohibits it.

if blockchain adapts well in the banking system, then all systems will change digitally, they will eventually fire most of their employees because they do not need to deal personally to conduct transactions in a peer to peer.

I also agreed with you bro. Not all the time banks will against cryptocurrencies, I don't think that things will happen. I know time will come to them that they will ride on flow of the trend popularity of crypto industry in the near future for sure, it may not be now but at the right time, I guess, isn't right?

Hello,

I think that of course not ! There goal is to make money, when they will finally realized that they could not stop crypto development and people to adopt them more and more they will do U-turn in order to take also the benefits of its huge potential.

And it is clear that they already begin to work on crypto and blockchain to don't miss completely the train. The first morespeculative ones begin to invest and develop their own services and the common ones will follow.

Banks have been working with electronic money for a long time, I just think that crypto frightens them with its non-persistence, but this is a temporary phenomenon, soon everything will fall under the laws and there will be no speculation, and this is already a long time coming.

Not all some banks accept exchange of digital currency to fiat. they were aware of the flow of the market but some accept it they made a profit on transaction fee. so I disagree with you.

In the future, the Bank will lose from cryptocurrencies because the Bank can't stop human development and technology... the human desire to make something new is very large, and cryptocurrency is something new and will be needed by humans in the future because, in addition to being more efficient, the level of security is also high. in a few years don't be surprised if the Bank will launch their own cryptocurrency  ;D

I see this idea to be very nice because it will pool a lot of people into the crypto space because some legit banks are now into crypto. Imagine JP morgan now fully in support of crypto, who else won't believe crypto is  legit and for that matter get into it?

I think that bitcoin will be accepted by the bank in the future. But I am not too sure about that. Because cryptocurrency is very contrary to the regulations of the bank. So I think it's quite difficult for banks to accept bitcoin. But that doesn't mean it can't happen, I think that in the future the bank will definitely accept bitcoin as legitimate. So we just wait until that happens.

Previously it was believed that banks will always oppose the introduction of decentralized cryptocurrency. However, life makes its own adjustments. We see that as the states legalize cryptocurrency, banks feel that they are missing a piece of their cake and therefore are slowly moving to providing services in cryptocurrency. I think that in the future these services will be massive and diverse.

There are also some national banks which have huge power, depends on how they approach to future.  But most of them will be against of crypto, because new future finance system make banks useless.

I think whether it’s the bank or the government (which both seem to be threatened by cryptos) will simple adapt and find a way to co-exist with it. These are institutions we’re talking about and over the years, have proven to be able to embrace technology and its benefits. So for sure they’re just taking their time to strategize and adapt to the changing times.

Eventually, we will see a lot more banks trying to open their doors to the public by letting them exchange their fiats for cryptocurrency. This is actually good for them because they can put up a 10% service fee to convert their money to tokens. That would be a good idea for banks to promote fiat-crypto exchanging.

banks is not against bitcoin and all cryptocurrencies, bank just follow the policy of the governemnt that the currency is just the currency that be approved
 in international policy, and bitcoin is not in the list, so banks follow the policy about that

Yes because cryptocurrencies are competitions to them and the fact that cryptocurrencies were decentralized and taxed free more investors are attracted to it. Other reason why banks were against cryptocurrencies is the fear that they might get shut down by it.

Over time, banks will be forced to work with cryptocurrency, regardless of whether they want it or not. This will happen in addition to their wishes, especially after the states legalize cryptocurrency. Therefore, I believe that banks will not always oppose the introduction of decentralized cryptocurrency, the time will come when they themselves will want to have a profit from operations with cryptocurrency. Banks will eventually work with cryptocurrency.

As bitcoin grows and more people accept it, it will actually be a threat to banks. But in my opinion, banks will not try to fight bitcoin, because it is not conducive to banks. Instead, the bank will accept bitcoin and take profits from it. This is a way to help banks survive and develop with bitcoin in the future.

Yes, there is growing interest of banks to incorporate blockchain technologies into their processes, but not bitcoin. They look in Ripple site, because of it centralization and real benefits as fast transactions and low fee for them. I don't think banks will ever accept bitcoin.

I agree with you! Not all banks are against crypto-operations. If you take a sober look at only against those who wants to earn some money. Get your percentage. Further, if it is virtual money, the Bank will not be able to put your money into circulation. That could bankrupt him. And in General, the idea is very cool to the banks could perform such operations.

Just now, I think the future bitcoin will become a currency and the bank will have to circulate it because of its influence

Banks oppose bitcoin because electronic currency remains a major threat to bankers. The electronic currency remains a major threat to bankers. They are all surprised by the rapid overwhelming of the electronic money world is growing rapidly over the past few months. However, not all banks hate electronic money. Some have invested in electronic money. In the future, banks will see the benefits that this technology brings and slowly accept it.

I also don't believe it. Several kinds of speculation have been issued stating that a system like bitcoin makes banks abandoned, instead of bitcoin does not require intermediaries and everything has been recorded in the public ledger. But the reality seems to be talking the opposite. The bank will instead take advantage of this situation somehow.

In my opinion, the existing banks are a little surprised by this blockchain technology so that the banks make restrictions that narrow the streak of the cryptocurrency. But if an existing bank adopts this blockchain, the bank will actually be profitable and this will take time to adapt.

NO, I don't tink so. as bank have applied blockchain; backbone of bitcoin  in their bussiness. Blockchain technology has many advantages such as: Ensuring transparency through the ability to store information, transaction data in the chain closely linked,  thereby reduce the cost, the delay of the transaction; Security is ensured by the use of a secret key pair

Its not surpricing that bank will against bitcoin it because bitcoin is a threat on them. Imagine bitcoin can make your saving twice or more in one year while bank cannot do that.

I think majority of banks consider bitcoin and other cryptocurrencies are thereat to there existence in the future because if a person uses bitcoin or other altcoins to do payment or transactions except to take fiat money through a conversion most of the time the use don't need the service of a bank to do anything so eventually banks will run out of businesses and that is why majority of banks are against bitcoin and other digital currencies

I agree with what you have mentioned and bitcoins decentralized nature is the main fact that banks will never work in favor for bitcoin or its existence because there is no possible way for them to gain anything from it except if they provide services for its users to convert bitcoin into fiat or the other way around but it is not profitable at all and if most people starts to deposit there money in bitcoin wallets instead of using banks they will collapse so banks were against with bitcoin from the beginning

crypto currency will always be profitable for any industry, including banks, as long as they can manage the blockchain system they have, of course the crypto currency becomes a very high value to be developed, especially banks that can save money from anywhere including BTC and ETH. Integration of banks with blockchain at this stage has been realized ......

indeed many banks do not agree that there will be bitcoin, but in this modern era blockchain technology will be very useful for the development of banks now and in the future. and it would be great if all banks have a blockchain system.

Some countries that disagree with Bitcoin will surely hate the emergence of Bitcoin even though Bitcoin has a good side for a country's development.

the bank is not only against bitcoin but also forces the government to ban cryptocurrencies bcoz they dont want crypto to enter to their country
so that there is no use of bank if everyone starts using the cryptocurrency ,
that is the biggest fear causing the bank....

At future, banks would inevitably accept and even use it because they saw the cryptocurrency capitalization continue to grow. Isn't this a great opportunity to gain profits other than what they have done?

The bank has been against cryptocurrency even though the government in its country is neutral, that's what happened to my country and there are even some countries that shut down exchanges crypto to fiat in their countries, this is not an action by the government but an action taken by the national bank that is there. Do not understand why the bank continues to oppose cryptocurrency, even though I still see and feel the positive side of crypto itself.

If everyone uses cryptocurrency to trade, and at the expense of high security, financial intermediaries such as banks exist for nothing, and the government will not be able to collect taxes on deliveries. Translate. The government will lose a great deal of tax revenue so the government and banks will block the bitcoin.

The fact that the cue itself is not worth 15K green - it's obvious. The only question is where the speculative inflating of the bubble will reach. I personally think that would just pout for it, maybe up to 50K walk.

anything might happen, because the development of bitcoin has so far been very rapid, and many people around bitcoin users, get the coffers of wealth from bitcoin, their economics are very awake and helped by bitcoin, and the poverty rate is drastically reduced. so that many developed countries use bitcoin as the country's virtual currency system.

Banks will be against cryptocurrency as long as they don’t release them themselves. The process of issuing national cryptocurrency has already begun. Over time, most central banks in different countries will issue their assets in exchange for existing paper securities.

Well, this is a big step of technology for reaching the masses! Yes, in this case, the crypt will be regulated, because banks will not allow such volatility. and all the more pampas.

This issue is acute in the current crypto world, how banks will act. I think in the current market economy there are enough leverage to strengthen the power of the banking system. Cryptocurrencies, in turn, enable people themselves to manage assets, thereby undermining the credibility of banks. In my opinion, banks will be against the crypto market until they rebuild their system for current changes in currency values.

The acceptance of cryptocurrencies by banks in the near future to come is highly possible. The world just need to accept the new technological advancements and adapt to the new changes presented by these technologies. The delay in the acceptance of the use of cryptocurrencies by some countries is the refusal to adapt to technological changes and the refusal to understand the possible benefits these technologies will introduce to the world.

banks will always be behind things that they can not control.... or behind things from which they can not charge a large sum of money  :-\

I don't agree that banks may always against crypto currency as what we read in cyber news xrp block chain technology was already supported and used by European and middle East banks for their online payment or money transfer transaction. And with the massive growth and continues adoption of many countries, more and more banks may shift to block chain technology in afraid to be left behind with this revolutionary block chain technology.

I don't think banks will forever deny the existence of cryptocurrencies. There will come a time that these banks will now accept fiat money conversion to cryptocurrency. Maybe today's bank technology is not yet ready nor advanced to accept such innovative capability. Right now, let's stick to what we know.

I also agree that not all banks are against crypocurrencies because also planning to include some of the coins in their system. The world bank had already acknowledged the possible effects of cryptocurrency in the future and some big banks and technology services companies are also realizing the great potential of both cryptocurrencies and the underlying distributed ledger technology behind them as important assets for their organization. These banks can utilize these coins or tokens to improve their services in this digital era.

Not at all! There is actually a long list of banks that are now dealing or transacting with crypto. You can Google it and see for yourself. This proves that crypto is legit since it caught the attention of these banks. As most of us know, banks will not fall behind when it comes to profit-earning opportunities. And crypto is such an opportunity.

Banks would rather not to see cryptocurrencies in the market but they are not able to do that. While they are trying to find adopt criptocurrencies to their system, they also use their force in order to keep  cryptocurrency market cap lower.

It is true Banks will always be against cryptocurencies because there is no possible way for these two entities to corporate each other or help each other because crypto are consider to be decentralized when banks are centralized so there is no way that banks can benefit from cryptocurrencies and there is no way they both can exist in one space so banks are always against cryptocurrencies

what if banks issued their own cryptos, kept wallets safe..issued crypto loans, exchanged etc
blockchain is just one aspect of the whole thing..and the ledgers could be encrypted so transactions could be kept private.
so banks do have a future,, if they wake up to the new reality thats looming

Why do you think of that? How can you say that cryptos will kill the banks? You have no supporting statements about that. For me, cryptos will not kill the bank. It is still needed in a country and banks can use the technology that these cryptos are using for improving their transactions. They might apply the Blockchain technology or maybe depend their new technology to it.

it's true that crypto won't kill or get rid of banks. Even though each country legalizes crypto, fiat money will continue to be used and the bank will remain

I think to combine blockchain technology with banks is very unlikely. because the decentralized nature is very unlikely to join the bank

yes. i agree with you that Banks will always be against cryptocurrencies because they are different in their operations. Centralized (Banks) and Decentralized (crypto).

I do not believe that Banks would be against crypto currencies because cryptos opens possible product that can be cater by the banks. Banks can soon offer bitcoin deposit transaction and many more related products. With the product opportunities that could help banks to grow more as a company and more income possibilities.

Yes, Bitcoin would be an imminent threat to the bank. Bank and Bitcoin are in the opposite side of the financial system, banks being the centralized system is the current system adopted worldwide and even the government benefited from this institution and the Bitcoin is the decentralized one and it doesn't need any third-party to go on.

Banks will make a way to control our money in crypto. They have a joint study with banks and crypto so i yhink in the near future banks are accepting crypto strategy to control the money.

Some banks are not against cryptocurrencies but majority of the banks are against crypticurrencies. Though it all depend on the country. 

Crypto currency craze is increasing day by day and use of bitcoin or altcoin is becoming a basic need of big investor and many company due to the digitization of currency every where in the world. There is no restriction to do any transaction any time and any where but banks have many limitation that's why banks are against the cryptocurrencies.

The bank opposed the cryptocurrency because banks think cryptocurrency are competitors and can reduce bank profits if many people choose cryptocurrency. Cryptocurrency are technology, and in the future banks are more likely to receive cryptocurrency.

yes hopefully what you say is true. because until now none of this has happened yet and the bank still has not received crypto in circulation. we all want the bank and crypto to work together well. but we don't know how it will go in the future, between banks and crypto.

Of course the bank will always oppose the cryptocurrency, because the existence of cryptocurrency can disrupt banks and become a threat to banks, where bank customers will be able to switch to cryptocurrency which indeed promises great profits in investing in it. By looking at this fact, I am sure that at any time the bank will always oppose the existence of cryptocurrency.

Cryptocurrencies definitely represent a threat to traditional banks, most especially if they ignore new consumer behaviors and preferences when it comes to how they transact and transfer money.

The truth is that banks want money and they will certainly accept crypto because of the needs of their customers and of course the high profits to come

We are not entirely sure if any large Banking corporation will accept Bitcoin or not. So far it is not looking so well.

It's a big problem if bitcoin and banks are not partners because some banks is already accepted in other countries you can buy some crypto coins.

I am sure that many large banks will accept crypto because in crypto there is a sophisticated, fast and efficient blockchain that makes one feel comfortable. but whether it's when no one will know because it needs control and control so it is truly safe, there are still many governments that are not sure and afraid to use crypto.