Do Banks fear cryptocurrency

[cryptobengal]

Yes the banks have great and terrible fear of bitcoin , and cryptocurrencys. the blockchain tech is going to destroy there lying and cheating ways , we will witness a change soon, i myself will be happy to see them go the way of the dinosaur.

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[deddod]

maybe,
because Cryptocurrency has advantages compared with central bank.
so I guess it's true they are afraid of cryptocurrency.

[im posible]

Seeing from the point of view of Bank Central Albania I can understand they are doing so. If cryptococcus is truly recognized by the world community, the greatest negative impact will be affected by banks around the world. Due to the existence of a digital currency that does not require a bank intermediary, the bank will inevitably be eliminated or if it wants to survive the must transfer function. And I think the banks around the world are not ready for such a big change.

[100action]

Not to the extent people that think Bitcoin/crypto will replace fiat will have you believe - as long as people desire/need physical assets that are centralized in nature, FIAT is here to stay.  Banks will continue fractional banking and vampire squidding.

The fear would be greater than what the doubters would have you believe - Bitcoin as a currency will take a significant portion of market share from FIAT.  Decentralised assets (documents, files, tokens, tracking, currency transmission) will be done with Bitcoin/cryptocurrency.  This will obviously reduce bank deposits and the bank's ability of banks to make money.

[Loopper]

Of course, banks fear so that bank warning you not to involve with cryptocurrencies. Bitcoin is a growing digital currency, it is increasing & increasing. People are now interested in bitcoin so much & they are invested in bitcoin. It will decrease to invest in banks. so that banks are feared.

It could be a possibility because it could make a big loss for the bank in terms of investment.

[Nyenyepogi]

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 some banks scared about bitcoin because bitcoin is very fast to transact while in bank you need to take a big time before you'll get your money so i think if crypto bcome more popular maybe banks will do something to remove bitcoin.

[LTCendmanagement]

The bank is a greedy coward and wants to control everything, even bitcoins. But they can not, bitcoin is all of us.

[Naoko]

I don't think that cryptocurrency can prevent banks from working....why would they be afraid of it?

[krulviper]

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!

dont worry about it, that happend in my country too, but their say for individual user that no have penalty.

[2fresh]

Anything that's causing the banks to miss out on so much money, they will hate.
They can only watch and see all the crypto money, but they can't be part of it. Of course they fear crypto.

[Ibu Efi333]

I think 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.

[sirkings0003]

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!

In fact, cryprocurrency is a nightmare to them. In my own country, there has been policy after policy against cryptocurrency. Some bank accounts have been closed down because it was discovered that they were involved in crypto in one way or the other. Imagine the fear

[Bowly88]

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!

I think yes some other banks are scared for the crypocurrencies why? Because if the values of the cryptos are getting high and expensive a lot of people are gonna invest in this like for example bitcoins. If more people are gonna invest in bitcoins rather than banks what will happen to the banks is they Will lose all their clients and investors so the banks will come to bankruptcy because how they can pay those who are invested in them before they have an annual interest where dp the banks will get that thing if all their clients now are on the bitcoins.

[valisa]

there are many banks in the world who are worried about bitcoin, maybe they feel threatened by the presence of bitcoin, because bitcoin has advantages of cash, bitcoin deserve to be called as future money

[rey.fudz15]

The bank is a greedy coward and wants to control everything, even bitcoins. But they can not, bitcoin is all of us.

agreed, bitcoins are created for the people, i believe no one will ever control it that is why most banks release bad statements against bitcoin and other cryptocurrencies, fear them not bitcoin will still strive for the greatness it will achieve in the future.

[Jafri101]

Yes! Somehow banks fear feom cryptocurrencies because that would hit their banking strategies and cash savings much. so definitely its a big fear to bankings.

[sandwichman1]

I do not think banks are afraid of bitcoin, I think they have invested in

[Prinox2]

Yea, I think they are and they should be afraid. Considering they way people's attention is being drawn into bitcoin, we can see that banks have little or no role to play in controlling the use of ur money, since with crypto, you can buy and sale product and as well save your money (digital) without passing through the regular banks transfer process . This a kind of denies them the little little commissions and charges they get from your regular transactions with them.

[Jombrangs]

Yes the company and management of bitcoin will be a big threat in the company business of commercial banks.
The excellent performance of the company and management gives them a high potential to dominate in the whole world which is the big thing threaten by all some commercial banks.

[cexylikepie]

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!

dont worry about it, that happend in my country too, but their say for individual user that no have penalty.

Most countries in the world have warned about the security and confidentiality of cryptocurrency, they do not guarantee anything for us until they recognize it as something and release the law for the cryptocurrency.