Do Banks fear cryptocurrency

[Pemokecin]

banks will be unessential soon as cryptographic forms of money will discover its way to the telephones of customary individuals. see that the greater part of the innovation being made nowadays incorporates portable mix and similarity. in the event that soon individuals understands that they can bring all their cash they have with quite recently their telephones, banks will be insignificant.

[pthnmj]

Fear would be a wrong word. I think they don't view it as a threat so much (do remember, there are so many banks in the world. Maybe there are 220 countries and territories that have banks) . The  main opinion is that bitcoin, at present is not a threat. It might be interesting, but not a threat, and nothing to fear. And I guess, complacency is the right word.

[Kodok Bencot]

I think not, if one day bitcoin transactions are so large then banks will make bitcoin as an investment commodity, this is because to resist or fight bitcoin is something that can not be done because the number of users is very strong.

[gregorio5]

Absolutely.. Crypto threaten their livelihood, they know that crypto will replace banks in the near future.

[Juggy777]

Absolutely.. Crypto threaten their livelihood, they know that crypto will replace banks in the near future.

Yes I can understand banks are scared but I feel they're being mislead that bitcoin will end their cause, in fact you need Fiat via bank to bitcoins, of course you can buy it in cash. Banks are scared their monopoly over users shall end and that I feel is legit, after screwing us for years now they fear they're going to be exposed lol.

[shezu007]

Banks are still amazingly unmindful of how capable Bitcoin (and all other virtual monetary standards so far as that is concerned) is and how it will in the long run begin to demonstrate their plan of action as obselete.

Banks fear bitcoin, in light of the fact that they see its potential. Numerous banks have investigated the blockchain innovation and are endeavoring to reproduce it...purely in light of the fact that the innovation is so intense and out-does all banks by individuals inclination by a wide margin. The main reason bitcoin has not assumed control yet, is a direct result of the people groups

Consequently, upon the endorsement by various nations it may take an alternate hand over budgetary industry. In the event that it's into great sign it'll be a decent esteem twofold the sum in a year and it may fall profound into pit.

[voom360]

The banks are definitely afraid of crptocurrencies especially bitcoins, The people have seen their dubious and greedy ways and are rather investing into cryptos, they are even gaining huge profits by buying and hoarding, profits that not even banks have ever given them in their entire lives.

[barsametu01]

cryptocurrencies basically rob them their source of money.

[Bitompel]

By utilizing digital forms of money, individuals will wind up autonomous and free from the hands of banks. Individuals won't rely upon the banks fro the exchange, as though individuals wind up autonomous, it will impact the banks economy, bank won't have the capacity to charge expenses on the exchanges.

Also, other dread is that Bitcoin supply is reliant on the general population's request and supply is finished by that, it keeps running by any administration and banks. Henceforth bitcoin client isn't responsible to the general population. Bitcoin will circle in the nation and the banks and governments won't obstruction in the dissemination of bitcoin. This dread them most.

[cryptoislove]

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.

[Saodesu]

Bank is a state-ensured official office, I don't know banks fear with the improvement of bitcoin, in light of the fact that banks will keep on existing as long as the national bank exists. also, if the bitcoin exchange is more gigantic then one day the bank will get bitcoin.

[cryptotaste]

 think they are not fearing crypto currency as for now because all of the money that go into crypto currency is made from Fiat money that came from banks also so why do they need to fear the money that they also produced.

[Sacred Fires]

there are parcel of speculators who bolstered in bitcoin and it is one of the reason that numerous banks perplexed when they free numerous individuals particularly the individuals who have more offers on them that going to bitcoin. as times passes by there are parcel of bitcoiner who demonstrated that bitcoin have more focal points that banks.

[xandiel01]

There are many people engage in the crypto currency and maybe it is the reason why they are afraid that someday crypto currency will replace some banking company or maybe there are many investors on cryptos than on the bank.

[money1122]

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.

[ajiejot]

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.

Agree. Banks is really the enemy of cryptocurrency. Many banks are against on bitcoin, there are already many people withdrawing their money on their banks and start to move it to cryptocurrency such as bitcoin. This is really scary.

[s2sallbygrace]

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 definitely agree that banks are afraid of cryptocurrency that's why they issued a warning to their clients and to all the people to fear cryptocurrency. For me this is some kind of black propaganda and their way to threaten people. Banks are threatened by cryptocurrency, because they might lose many of their clients as well as their profits that's why they do such thing.

[always1337]

Yes, banks are afraid of cryptocurrency because they're doing the bank's job so it's clearly a threaten to bank and that's why they're telling goverment to shut all the cryptocurrencies down.

[StokaySatoransky]

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!

On that situation, The Central Bank of Albania aren't afraid with cryptocurrencies. But they're just concerned with the people who are prone to be scammed, people getting involved with these cryptocurrencies without proper knowledge about how it works and end up being scammed, these people will blame the Central Bank or the Government perhaps that they're not regulating these kind of activities that happening in their country.

[djalmasantos]

They are afraid of digital currencies because it is decentralized. Government transactions must be monitored and if digital currency takes place then it would cause a disruption in the economy. Digital coins is not made for those kind of stuffs and that is what the bank fears. Technology is uprising and there are countries who have adapted digital currency. Adapting it won't just affect that country's system bur other countries as well.