Do Banks fear cryptocurrency

[bigbosma]

Because bitcoin can lead to the fact that banks will not be needed at all. Therefore, they are so opposed to accepting bitcoin.

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[Mei1418]

indeed the nature of cryptocurency from the beginning is like that, there is nothing we need to worry about, it's our rights and risks when plunging into the world of crypto

[Piapia]

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.

[Old Bindu]

I think that this is an exaggeration. And this is not actual information. According to the latest information - several of the most famous cryptocurrency exchanges were purchased by the banking cartel.

[pekavcilar01]

With the Blokchain application, you can transfer money anywhere in the world at any time you want. Could it be more comfortable than that?
It is very cheap to make the transfer at the same time.
The banks do not like the crypto exchange for their own interests.

[Arisgado]

In my opinion, they will fear in the popularity of the cryptocurrency because cryptocurrency are their most competitor and crypto has more benefits than banking. People are now beginning to see that you can make more money without having a bank.

[bubble pop]

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 are banks that fears bitcoins and the cryptocurrency because the people much preferred to invest their money in bitcoins and other cryptos aside from their bank so in that thing their banks will not have profits so their will be bankrupt. But other banks take that opportunity to have a partnerships in bitcoins because they know that the price of the bitcoins rises so they have like a little commission in that thing and some banks accepts bitcoins in exchange into money and i know that bank in our country.

[JoshMart]

It is not that they fear cryptos I think they are threatened by its very existence, why? we all know that these digital currencies do not need banks, so it has a huge negative impact on their business. They are protecting their business, their clients and their purpose. You know if you  face something that cam make your purpose and existence not needed anymore, it is natural to feel threatened and be defensive about it. I think that's what banks are feeling right now.

[nacareng]

Banks are not afraid of Cryptocurrency, they are just trying to keep their country's currency. Instead of Cryptocurrancy currency to make the bank disappear, they will work together to achieve one goal. Currently the bank plans to integrate with cryptocurrency and provide services. Such access can be found in the bank in the coming year and there is no fear of growth.

[Jaky]

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 they fear the growing of the crypto curriencies cause it can work double time through internet technology rather than bank, though their both work through the help of men..Nowaday many people are investing to crypto and a big negativity to banks and being threatened by its high potencials in the market..

[frankybutterin]

I think it's true banks are afraid of cryptocurrency, because cryptocurrency has taken their source of income. many investors are more interested in bitcoin than bank products. they consider bitcoin as a ponzi scheme that gives a big advantage at first joining.

[rye18]

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 many banks afraid because transaction did not pass to banks and this affect their income.

[01asd]

Banks are not afraid of Cryptocurrency, they are just trying to keep their country's currency. Instead of Cryptocurrancy currency to make the bank disappear, they will work together to achieve one goal. Currently the bank plans to integrate with cryptocurrency and provide services. Such access can be found in the bank in the coming year and there is no fear of growth.

I do not think that the banks fear Bitcoin or cryptos too much. That is because Bitcoin or cryptos and banks are completely two different things. Maybe, right now, nowadays, Bitcoin become so popular but the banks still do not care too much. But, if the Bitcoin start to be popular around the world, and take over the economic world, that is the time when banks will scare. Why ? That is because if we or people around the world use Bitcoin and cryptos instead of our regular money in the banks, we will not have to use banks anymore.

[tiga huruf]

cryptocurrency has great potential in the world of money exchange. cryptocurrency there are still some countries that do not admit it. but these countries feel threatened by the development of cryptocurrency in the exchange of currencies. what they are worried about is if bitcoin becomes the world currency standard. because until now, bitcoin is still far superior to the dollar. and this threatens the dollar that has been the standard currency of the world.

[Ascredo]

Yes,of course. bank afraid with bitcoin. in my country they afraid not popular or not be place that be destination of many people. and it make bank decrease their income, make them disappear from people thought.so,Bank fear cryptocurrency.

[shadyrifles]

The Banks are really afraid of cryptocurrency, All major banks has already restricted buying cryptocurrency with credit cards and country like India has restricted Bitcoin or other cryptocurrency because the banks fear cryptocurrency.

[Darklinkz]

They really do. I've seen articles that a bank just bought an exchange or they partnered with a blockchain company. They know that there's no choice but to embrace it because the only way to stay relevant is to move forward and not staying or going back.

[Techno012]

Yes, they are afraid to this cryptocurrency. The one reason is if all people withdraw their money in the bank and they put into cryptocurrency the bank has no more money.

[BlockFolksHQ]

I think for now bank mostly will not accept the transaction of cryptocurrency. But they might worry of the volume of money that flow in and out for the crypto world.

[Swanh]

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!

When more people will invest in cryptocurrencies most banks will be bankrupt,in my view and opinion.Crypto currency is more profitable  than depositing money in the bank,by just holding bitcoins in your wallet it has a great advantage you can control you money because you are the one holding it.
Bitcoin is very profitable that most bank fears to slower down.