GeorgiyBilyk
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Activity: 378
Merit: 10
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April 12, 2018, 12:10:05 PM |
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while banks fear bitcoin, but soon they will take this currency into their lives! the world is changing and they need to understand that further without bitcoin and the whole crypto market, move no where! already now many banks open their doors to bitcoin!
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Lalafell
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April 12, 2018, 10:29:55 PM |
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Its kind of paranoid for banks to be afraid of cryptocurrency. Banks are more socially accepted than cryptocurrency so I don't see why there's a fear. Bitcoin and other cryptocurrencies are there to offer options. May be they are competition but then the time of monopoly is done. Bitcoin is a really good and reliable system that is not just for paying but also for investment and trading. |
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cloudproject
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Activity: 238
Merit: 3
ImmVRse | Disrupting the VR industry
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April 12, 2018, 10:33:35 PM |
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yeah there still a lot of news that bank fear with crypto
because it can crush bankers to getting profit with customer and getting profit from people who want to transfer to another banks
it really can crush fiat banks, if crypto are being popular with people
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Morticio
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April 12, 2018, 11:34:11 PM |
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Banks do fear cryotocurrency and any other thing they can't control. Cryptocurrency is something you control at the comfort of your home and you don't need to visit the bank and banks know if cryptocurrency takes over the world,bank jobs will be lost.
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reverseflash
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April 13, 2018, 05:14:39 AM |
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And you would be afraid if the threat to your business appears? And such which can liquidate your work absolutely
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will777
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April 13, 2018, 10:00:34 PM |
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I think yes , banks fear cryptocurrency because people can do they own transfers and can check their amount in their wallets and don't need no more the banks services , only to get the money off from their cards.
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jona
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Activity: 266
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April 13, 2018, 10:23:57 PM |
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Yes they do that's why they are panicking a lot and they are working with the government to bring the cryptocurrency to a fall which is quiet impossible to achieved.
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chrsjrcj
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April 13, 2018, 11:54:43 PM |
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Banks are quite fear with bitcoin or any other cryptocurrency. In this generation whereas we are equipped by technology cryptocurrencies will be dominated as an online currency rather that traditional currencies that we have. But people are now beginning to see that you can make more money without having a bank.
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Nik007
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April 14, 2018, 06:55:52 AM |
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Ofcourse yes as it crypto can replace banks....
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ereme
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April 14, 2018, 07:19:15 AM |
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Yes banks are worried with the increasing popularity of bitcoins. They are thus spreading negative news about crypto in media.
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oracleongoodbye
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April 14, 2018, 07:31:32 AM |
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
The banks talking crap about crypto are the ones that are refusing to adapt and evolve with the new financial order. They think that as long as they rail against investing in crypto, they can stall mass adoption until they find a way to control it. What they should be doing is using their massive capital to push the technology forward and find new ways to benefit from it. It's almost like saying online retailers should be scared of ICOs like nucleus.vision just because they're looking to drive offline retail, when instead the ecosystem they're trying to build will need to incorporate an amalgamation of offline and online. |
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daxiake
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April 14, 2018, 07:51:43 AM |
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Its central bank responsibility to issue warnings in best interest of public interest to keep them safe from financial frauds and scam type scheme. We see lots of ICO scam every now and then, so central banks are not wrong in issuing warnings against these risky investments. On the other side, yes central banks are scared of BTC, as it will bring transparency and will decentralize the monetary control, which is not acceptable to central banks. |
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deejayce48
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Activity: 185
Merit: 100
A sports token that knows your favorite team
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April 14, 2018, 08:02:58 AM |
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They should fear cryptocurrency because they can be eliminated to the business industry once cryptocurrencies are being accepted worldwide. They may not be needed by many. The evolution of money can happen after 5 - 10 years and banks are now thinking their best strategy to cope up with this big changes that will happen in the history of the world.
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robertsznotins
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April 14, 2018, 08:12:37 AM |
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For a bank to operate it needs the people to keep using their banking services but with digital currencies becoming popular and people shitting to use these in prefer over fiat, the banks are losing out and they will have to act fast and see how they can profit from using the blockchain technology or they will be out of business...I guess banks are afraid of cryptocurrencies after all.
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RakknRoll
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Activity: 336
Merit: 10
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April 14, 2018, 09:11:27 AM |
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Banks fear in cryptocurrency because they saw its potential because of technology. Some banks are trying to replicate blockchain's technology because they know that it is powerful. People may not recognize cryptocurrencies as of today because of their unawareness to it.
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mware
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April 14, 2018, 09:26:59 AM |
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Some people try to prove that bitcoin can substitute banks and financial institutions and allow people to manage their own money with no intermediary. bitcoin allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank. this is probably why bankers afraid of Bitcoin’s impact
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Elerntta
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Merit: 10
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April 14, 2018, 10:01:21 AM |
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Of course, banks do not welcome cryptocurrency, because it can make serious adjustments to their usual work. And they don't like it.
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ajeef
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April 14, 2018, 10:09:33 AM |
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Of course they are that is why they own Ripple. Banks are useless for the low/middle class of society. In many countries it's very hard to get credit unless you got some serious connections. Interest rate is very low, you can save your money in the bank for 5years and what will you get,maybe 50$. You can make that money in 1 hour on crypto if you are willing to put your time and focus on trading.
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Nantusaha
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April 14, 2018, 10:39:42 AM |
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I think that banks are not scared cryptocurrency because banks are invented many yeras ago and cryptocurrency invented few years ago.so many people can not invest cryptocurrency cz at first they are not trust it.they are invest their money in banks and banks have done what they do.they warn customers.
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Irvinn
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April 14, 2018, 06:23:28 PM |
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Crypto-currency introduces too much new and this is new, because of its virtual electronic nature, and it is also not obvious. Of course, financial relations do not like novelty. Therefore, banks do not trust the new phenomenon in financial mutual settlements, which, moreover, is partly just to be taken for granted because of the lack of certain functionality of the cryptovplut. In addition, kriptovpljuta completely changes the idea of money, which is also very poorly controlled by banks and the government.
Great importance in why banks are afraid of crypto currency is that people have increasingly started leaving services in banks and using crypto currency. Banks because of this lose a significant part of their profits.
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