Do Banks fear cryptocurrency

[angelakrasnova]

They do not benefit that people were independent of their loans, with bitcoin people become rich and panic in the eyes of bankers

[kurdapyo]

bank should because aside from losing the power to control the money, they don't get-back money because the transaction dont use banks which may lead to bankcrupt

[Selfpay - Raphael]

bank should because aside from losing the power to control the money, they don't get-back money because the transaction dont use banks which may lead to bankcrupt

fully agreed, crypto company are indeed more profitable competitors

[Rodeo02]

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.

they have a lot to be afraid for , yes this is true that they threaten then a lot of people about cryptocurrency cause they have a lot to be afraid of as we see the era of this time this currency may be so demand because of the technology of.

[Ralphson]

The essence of digital currencies is to do away with fiat..the banks are afraid due to the fact that banks stand a high risk of collapsing.digital currencies will do to the banks just like email did to post offices...there should be no course of alarm to fear..relax,crypto has come to stay.

[hot_ads]

Banks have long worried about cryptocurrency. Because encryption monetary value more and more high, heavy blow to the traditional financial, including Banks, if encryption monetary value of a few times again, so I think there will likely be encrypted currency bank produce,

[blizzard31]

In some point yes, but totally i think they are not. Because banks can also venture online currency and invest to some trusted online investment. Professionals has their own back account and to those who know about bitcoin they only do it for their extra income.

[Calebet0]

It may be a little bit scary for banks but not for now. People are using cryptocurrency  and their wallets but they are changing their bitcoins to paper money to spend and buy something that they need.Therefore there are more chances that then people will start giving more preference to bitcoin and that is the reason that the banks will be a little worrying about bitcoin.

[cabitu]

of course, because if crypto currency especially bitcoin will recognize to the world banks income will decrease as most of the people will invest in bitcoi[Suspicious link removed]ankly speaking investing in bitcoin will give you a big profit than into the bank.Thats why banks will tell people and drag down crypto that its delicate to invest but the fact they are afraid to loose their investors.

[Dannaey]

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 banks should support of somehow be a part of the system of Bitcoin more rather than to be scared on the things it could gives on the system of transactions. If e would want to have development in terms of our monetary system we should also support the future and being a part of Bitcoin is a big step on moving forward.

As the old saying goes, "if you cannot beat them, join them." 
I think banks are well aware of it that one-day they will no longer be needed. Since cryptocurrencies are still on the acceptance and adoption stage, banks have a lot of time to figure out how could they make this threat into an opportunity that won't let them left behind.

[bornMercurial]

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, the Bank is afraid of this digital currency. Banks are afraid because they fear that the digital currency will replace its position and people will turn to digital currencies. Moreover, there are countries that make Bitcoin as a means of transaction, this will be a more fear for the bank.

[Rockyz]

Absolutely. Banks are afraid because more people will invest in bitcoin and lesser in banks. If this happens people dont need banks anymore whether for investment or savings! If i own a bank i will be issuing the same thing because the loose a lot of money.

[khai29]

We all know bank is very familiar to all people all around the world,when you ask people what is bank they answer you right away regarding bank but when you ask people about cryptocurrency some people do not know what is that, that's why in my own opinion bank still confidence about people invest to them.

[almuchtara12]

I think that Banks are not afraid of crypto currency, they are just trying to keep up with the security of their own country's currency.
Instead of crypto currency making banks so vanish, they will work together to reach a destination.

[Kisanaq]

The performance of bitcoin and marketcap that has reached more than $ 200 billion of course makes banks feel threatened, they fear that if bitcoin continues to grow, the financial system will soon make bitcoin as an option.

[Spades77]

Well I understand where that fear is coming from, they are protecting their businesses and their own currency of course. If people would use Bitcoin rather than banks, they may lose some clients or less money will go to their banks. Anyways I also think that Bitcoin can never replace fiat money so I think with proper talks and some clarifications on how Bitcoin works, these banks and cryptos can co exists or even work as a team to ensure that the people's lives and the country's economy will be better

[Aleksandr_ov]

Banks already experience that they are taking a piece of the pie! The crypto world has become interesting and if today the coin falls then tomorrow it will grow and here the risk is minimal if properly invested initially! and banks work with traditional business, and it's not so profitable!

[Guyalamax]

For a bank to work it needs the general population to continue utilizing their keeping money benefits however with computerized monetary forms getting to be prevalent and individuals pooing to utilize these in lean toward over fiat, the banks are missing out and they should act quick and perceive how they can benefit from utilizing the blockchain innovation or they will be out of business...I figure banks fear digital forms of money all things considered.

[Emworks]

I think at this stage banks and other financial institution are more aware than being afraid, and i dont see any reason they should, cause people behind banks are not emotional their are objective, we can say that their just reminding their clients that entering in cryptocurrency right now are risky..we cannot blame them cause lets face the fact that cryptocurrency are still on development stage and theres a lot of gaps need to be field before it can be fully utilized.

[Emjohn.]

The banks might be afraid that cryptocurrency and blockchain overpowers them. There is an increasing rate of users using blockchain technology because it is easy and simple to transact without worrying. I think they fear cryptocurrency because they do not have a control over it.