Do Banks fear cryptocurrency

[ohlawdy]

I think they fear it , but it is better if they join us.
If they start lobbying against cryptopcurrency we know it will be banned and action will be taken against it.

[kenjie]

yes,Banks are still extremely oblivious to how powerful Bitcoin (and all other virtual currencies for that matter) is and how it will eventually start to prove their business model as obselete.

Banks fear bitcoin, becuase they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it...purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.

[johnlhy251]

Banks are afraid to lose their mighty position as money controller. So, they are stopping cryptocurrencies.

[jsscswan]

True, the bank is currently afraid of cryptocurrency. They start losing potential customers they can take to invest in banks but they prefer to invest in cryptocurrency. Very reasonable banks began to affect the government to ban circulation of cryptocurrency, it will be done by every agency if the fear.

[nthnode404]

Oh yes, of course the banks are afraid of cryptocurrencies. That's why they made their own coin such as Ripple. Billions of dollars of fiat currency has moved into cryptos recently and it's terrifying to the banks. Cryptocurrencies will allow people to be their own banks by allowing people to do peer to peer transfers. The banks will no longer be the middle man and charge outrageous fees. Their stranglehold and control is ending. Also, the privacy coins allow people to buy and sell without them knowing what a specific individual is doing.

[Caladonian]

If people recognize the importance of cryptocurrencies, they will turn to it. Banks are centralized, Banks can control the bank's money, and encrypted money is dispersed or means freedom.

But just in case that the banks also recognize the big lift that they can get using crypto's for sure they will be able to maximize it,
crypto should be treated as currency and means for transactions it should never be treated as a threat not just because banks will
possibly loses their followers but instead look at it in a positive ways, they both work together to help people and to both manage
to exist alongside.

[stevano]

it's true crypto is not sure but how we use it if we already understand then all can be profitable

[Wildwest]

I do not know if Banks fear of cryptocurrency but there is some banks banning cryptocurrency using on his country. I think they just afraid with the presence of cryptocurrency because mostly cryptocurrency fluctuating which can affect their economies.

[Md Saad]

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!

It's a simple panic for the conventional baking system that people are getting closer to the cryptocurrency world, The bank thinks that they are losing the ground day by day and this system is getting a thread of extinction.

So that they are making such type of statement regarding this rising platform. I think the conventional banking system are afraid of the growing up the crypt world because of the investment. so don't waste your time and money, keep your self in touch to this crypt world.

[daxkie]

Yes definitely bank officials fear about cryptocurrency. because we expect some of bank client are diverting to deposits or investing cryptocurrency because they are believe that more percentage they receive than the bank percentage and this circumstances bank feared about it and may loss their business. 

[akiture911]

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!

It is quite possible that the profits from the crypto are so high that they can withdraw money from the bank for investment and profit.

[LouisVuitton]

Banks are definitely fearing Crypto. They will adapt though.

[Coin-1]

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!

Some central banks even say that cryptocurrencies is a ponzi schemes. Don't warry about this. It is not true. Your digital money is decentralized and pretty good protected by cryptography.

[VPoro]

yes, I think they will scare the cryptocurrency because people can use crypto for international payment. It is faster, more secret than using banking's service. I think the bank's owner must do everything to improve their service.

[Alydora]

Crypto is a "new" thing in this world and they have no idea how to handle it. They do fear it at the moment.

[rhayot]

Banks are quite fear with bitcoin or any other crypto currency. In this generation whereas we are equipped by technology crypto currencies will be dominated as an online currency rather that traditional currencies that we have. So, much better if the traditional banks or any banks will accept and recognize the crypto currencies as a liable currency and be part of day to day transaction.

[kiddddddd]

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 don't think they are afraid in Cryptocurrencies maybe they just don't have enough regulations or law yet that Central banks can profit. Crypto itself has a huge potential in world economic and based on what I think central banks are not afraid they are trying to control people by scaring them cause they don't have enough regulations and law that can implement.

[Mrsun78]

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!

Absolutely! Because they are not ready in terms of technology. Bankers need to adapt themselves to the new technologies so that they can be the leader in the market. Crypto world is a truth and you can't ignore it via issuing warning about it.

[Edraket31]

That is obvious that banks have fear about crypto and bitcion cause they cannot take control over it. My opinion is that to keep control over it they will promote technologies such as Ripple.

Here in our country they don't fear cryptocurrency because they know that the money that we are earning here will put to a bank too, so what is the reason to fear it? But still they banned those bank account owners who involves in cryptocurrency transaction as regulated by our Central bank so many people have pull out their money in a bank.

[basobulat]

there are many interests within the internal state. including a ban on crypto. very not surprised if there are some banks in one country dislikes crypto and bitcoin. I am sure, in time many countries will be involved in crypto.