Do Banks fear cryptocurrency

[adsdas]

Bank never fear bitcoin. bank want use blockchain tech for their job but they can't do now.

[layoutph]

Some banks fear Bitcoin because they believe it will crash the fiat system. Some bankers believe in Bitcoin. Some of them like JP MOrgan CEO is using his influence to manipulate the Bitcoin price. Few days after making slandering words about bitcoinm, they are buying it.

[dificanovi]

of course, because bitcoin will make their presence threatened, if people do most of the transactions using bitcoin like online transactions and payroll so they do not have to bother going to the bank have to wait queue or jostle and save time and cost, this which makes the existence of banks less play a role in society.

[Btcvilla]

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!

yes, banks fear their customers turn to crypto. almost all over the world banks do the same, ban. banks do not want customers of them to switch involved to crypto. all such banks.

but it all depends on the choice of everyone. and we know what harm will be received. but we know that crypto can make people more independent.

[Bunsomjelican]

Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.

I think you have a point with it mate, I think someday banks will go ride on cryptocurrency. It is because there's something that I watched in you tube were the title is " Future of banking in digital currency" when I saw it is DBS I just don't know it is a kind of digital currency or an altcoin.

[Harriti]

Some banks fear Bitcoin because they believe it will crash the fiat system. Some bankers believe in Bitcoin. Some of them like JP MOrgan CEO is using his influence to manipulate the Bitcoin price. Few days after making slandering words about bitcoinm, they are buying it.

Why they need to fear Bitcoin? Bitcoin is biggest opportunity for everyone, if you ignore it, you just give your chance to others. Of course, the CEO of JP Morgan just lie while his company has bought a huge amount of Bitcoin after breakdown below $3,000.

[MisterKT]

It depends on the country. As we can see some countries started to ban cryptocurrency, others emitted some regulations, but some also supported it.

[winterland]

I would probably say yes to it because if the cryptocurrency world has over powered the banks in all the countries there won't be in need of them since in cryptocurrency it is more efficient to store or save money unlike when in banks that it is too time consuming and there are lots of documents but with cryptocurrencies with just one click it's finished by then .

The only thing why people choose to be with bitcoin is because of the interest rate or possible return that they might get like for example, in bitcoin, you can earn up to 10% in just a few weeks while in banks you need to wait for about a year before you get that or earn that 10% return for your investment which is a boring return for a long term investing.

That is not the only reason bitcoin is going to allow us to move amounts of money that in the past were impossible to move without arising suspicion on us bitcoin give to us a level of privacy that it is impossible to achieve with credit cards and similar payment methods.

[BitcoinCommodor]

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!

yes, banks fear their customers turn to crypto. almost all over the world banks do the same, ban. banks do not want customers of them to switch involved to crypto. all such banks.

but it all depends on the choice of everyone. and we know what harm will be received. but we know that crypto can make people more independent.

Yes there is a threat in the minds of all the bankers across the world if world would turn into crypto then their business will be shut down so they are spreading rumors about it there is no chance of any bankrupt in investing into the bitcoins and alarming situations for banks they should accept bitcoin.

[millgates]

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!

Yes of course,  banks are fear about anything that can distrub their business.  Banks are get income from their customers, bitcoin provide the lower fees to people so it can make the use of their service is decrease. We do not to be afraid with banks, bitcoin is not depend on any country even china.  Bitcoin is very useful for people, so I think people will always use and take benefits from bitcoin.

[Rotsor]

Absolutely banks fear cryptocurrencies because it is something they do not understand and something that is forcing them to change the way they think, and oh boy do they not like change, or thinking.

[camsss]

Yes I think that banks are afraid of cryptocurrency. It is because as the people become more familiar with this currency, people will not use banks anymore. So the tendency is, banking companies will be bankrupt.

[Hach]

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!

Banks wants people to store their money with them. In other side many altcoins are scams and it's not always safe to get involved in these projects.

[balakang00]

Nope. Here in the Philippines doesn't considered cryptocurrency as a threat. Banks thinks that cryptocurrency is illegal so they ban it.

[tramadols]

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!

Yes, of course. almost every country with the greatest fear is the banks. I believe that, because almost the ban on bitcoin involvement in one country in the signal from the protesting banks

[commanderbitcoin]

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!

Banks are afraid of cryptocurrency because many of their investors and depositors will switch to cryptocurrency. Infact that is what happening right now. Many banks will collapse if they didn't adopt cryptocurrency.

[l3sny]

I really think that they do, cryptocurrencies are going up everyday, and there are more day by day, they are improving their technology and it is getting everytime more better, and a lot of people are closing their bank's accounts in order to start managing their money on their digital wallet. It is amazing, but if it keeps going for a long time, then a lot of banks will probably close.

[andaresta]

all depends on us alone, be careful is the safe step as well as investing it looking that fit with our ability, and do not forget to search for as much information as possible before getting involved so we can be calm

[JollySkipper]

Short answer, YES! They know it is the begging of the end of the current fiat currency system.
Especially with ICOs the danger is very real because people can start their own banks based on their own money, or they can make banks completely irrelevant because every one can makes its own token for the future product or business. This is changing the current economic system to a new system where banks are non sense.

[FasTroy]

I really think that they do, cryptocurrencies are going up everyday, and there are more day by day, they are improving their technology and it is getting everytime more better, and a lot of people are closing their bank's accounts in order to start managing their money on their digital wallet. It is amazing, but if it keeps going for a long time, then a lot of banks will probably close.

I think that you are right mate, I am sure that Banks fear cryptocurrency, because as we know that they cryptocurrency grow every period and the most importantly is bitcoin, from around 1000$ in the beginning of this year to 4950$ in this same year. It's around 5 times more in few months, it's increddible. So if bitcoin and other crypto continue like that, banks will close soon.