Do Banks fear cryptocurrency

[flag39]

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!

[CARrency]

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!

If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.

[Drnice]

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.

[aso118]

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!

There is a difference between banks and central banks. Central banks control monetary policy, which can be rendered ineffective if enough people start using cryptocurrencies. Hence central banks issue these periodic warnings.

[cafucafucafu]

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!

Well I'll try make an example which should clear this up to you:

Say you were a mobile phone company, and you invented this brand new feature, say a fingerprint sensor, and you control it and you can do what ever you want with it. Now say some guy makes a new fingerprint sensor and it doesn't have enough publicity so it kinda dies for a year and then slowly starts working its way to the top, now do you feel threatened.

No my best analogy but i tried to put it as simple as I could.

[User365]

Of course they are, cryptocurrencies basically rob them their source of money.

In case cryptocurrencies get globally adopted banks will lose their mighty position as moneycontroller

[Pursuer]

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!

this has nothing to do with your question (title)!
all the banks around the whole world have issued "warnings" to their user about cryptocurrencies. and the warning is pretty clear. they are warning them about investing in a highly volatile thing. if you take a look at some of the altcoins or even bitcoin at times you can see how they can run wild.
there is a lot of shitty advertisement like the news sites telling people how ethereum will be big and stuff, then not-so-bright people fall for it and invest, then those who were advertising dump on their heads and these poor bastards lose more than half of their money.
this is what banks are warning people about.

[ether19]

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 have done what they usually do. Warn there customers. If you ask me if banks are afraid, it is hard to say. They may be. Because Bitcoin and other crypto currencies are competing against them. So why should banks support them? Also we are seeing a lot of people pouring money into  crypto currencies, all this can make banks and the authorities issue a warning.

[Proton2233]

If you asked me exactly the same warning I would have done in relation to banks. They probably think that people forget how many banks died in 2008. It's all just competition in the Finance market. Banks have lost the clients, and the process continues.

[Metros]

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 international bank called banks to invest on crypto.

Major bank created Ripple coin.

Asians banks going to unite and create their own coins.


Banks FUDing you so you wont buy crypto. so they could buy in cheap.

[Anegg]

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!

Of course they are scared, bitcoin is their direct competition, especially now since it is getting so much popularity, banks are definitely getting scared of bitcoin now. Banks are losing client now due to bitcoin and losing clients is definitely not good for business

[Victorycoin]

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.

Looks to me you're mixing it up, banks are businesses,  profiteers to be precise, but the central banks which're governments mouth piece got the whip. As we know it, governments  across the globe would have wished Bitcoin was still birth, because it embodies a huge threat to their local currencies. The central bank of Albania are certainly not going to be the last to whimper over Bitcoin and cryptocurrencies., but fact on ground is  that the governments that have dared to stand in the way of Bitcoin ended up as chief promoters of Bitcoin.   

[Gorgonio]

If I own a bank，i‘ll probably add blockchain to my bank

[Golegard]

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!

Cryptocurrency makes bank disappear. Everyone doesn't get involved in bank transaction because of failure of their system.

[blakegrr]

They are just trying to protect their people from possible loss of assets. and also maybe they know that the banking fiat industry may become dead if cryptocurrency becomes successful.

[coupable]

Banks should follow the new technologies.
Cryptocurrencies do not avoid Fiat but helps making new utilities to make payments and stake much more easy and secure.
Banks may have problems with decentralization and owning personal data of their custumers.
Many of them adopt the new tech in order to satisfy clients and invent new way of profit.

[KennyR]

Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.

[YuginKadoya]

Banks should follow the new technologies.
Cryptocurrencies do not avoid Fiat but helps making new utilities to make payments and stake much more easy and secure.
Banks may have problems with decentralization and owning personal data of their custumers.
Many of them adopt the new tech in order to satisfy clients and invent new way of profit.

Well banks really is afraid with Cryptocurrencies well I really think that banks that are afraid of it doesn't have any idea or have knowledge about what Crypto is, that is why they think that it can be very crucial for fiat and banks to get involve with it,

But I have seen banks nowadays that are surely have a partnership with bitcoin and I am using a wallet that can certainly withdraws your BTC and convert it to Fiat money I think this bank have knowledge and a proper technology with bitcoin and this bank's owner see the true earning in partnering with Bitcoin.

[YOYOY]

Yes they really are afraid of cryptocurrencies because unlike bank they have higher fees and it have some lots of requirements it needed, whereas in bitcoin and other cryptocurrencies it is fast and it has lower fees so if the cryptocurrency will boom they will not be needed that's why they fear it. But here in the Philippines some banks are involve in bitcoin transactions and I find it good.

[Kronos21]

Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.

I don't agree with you. Banks are afraid of crypto currencies. If you are considering the operation of banks only as exchange and transaction with Fiat then do banks have their own niche, but the main purpose of banks is raising capital, and crypto currency create capital outflow from banks.