Are the banks going to kick-out bitcoin with their new digital coin

[KrishaBitcoin]

This clearly shows that banks are not really against Bitcoin or the Crypto currency as they are not just supporting it but they make themselves a rival to Bitcoin existence in which for me is a very ambitious goal that with this development they will just make people to invest more on Bitcoin. Hopefully they will start this as soon as possible as i'm exited with the outcome.

[LastHope99]

Banks will rather buy the already existing coins, exchanges, technologies. That's already happening, so they don't even need to invent or create something. Every tool is already available; just buy and then control it

[cybernetik7]

Banks can't stop the world using bitcoin, because people who hold bitcoin wouldn't accept a bankcoin. It may partly be accepted by some individuals. People prefer bitcoin because it is decentralized and that is something that any bankcoin might not be.

[voltesbit777]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

I don't that banks has a capability to kick out bitcoin. What happens then, the bank is a centralized company
system while Bitcoin is a decentralized system where no one can control it... So whatever they create tokens it will still
be centralized always bear that in your mind.

[Kesari]

I don't think so people will uae crypto currency of banks rather they will use bitcoin as it is easy to use and people are getting more aware about it. Bitcoin can never be replaced by any other coin.

[gabmen]

Banks can't stop the world using bitcoin, because people who hold bitcoin wouldn't accept a bankcoin. It may partly be accepted by some individuals. People prefer bitcoin because it is decentralized and that is something that any bankcoin might not be.

Well i think a bank backed coin would actually do good in the market also. Take ripple for example. We all know xrp goes against what btc stands for but it still commands a good following since a lot of people feel more at ease if a coin is backed by an established institution.

[James_Cline]

Do banks have the power to kick-out other coins, though? A crypto’s decentralized nature should prevent that, right?

[Koenraad Lange]

This clearly shows that banks are not really against Bitcoin or the Crypto currency as they are not just supporting it but they make themselves a rival to Bitcoin existence in which for me is a very ambitious goal that with this development they will just make people to invest more on Bitcoin. Hopefully they will start this as soon as possible as i'm exited with the outcome.

I think the bank is not anti bitcoin, but is limited by the rules of each government where the bank is located. Because as a financial institution their goals are: Profit. So when the government does not ban bitcoin as a means of payment, banking I am sure will immediately accept it.

[goldreset]

Banks are centralized institutions. A centralized institution will never be able to kick out a decentralized element. It is just not within their control. If they produce their cryptocurrency, which i certainly hope they do, decentralized world will have everytjing to celebrate. More people will get to know crypto, and more people will know why decentralization edges over banks.

Let them to the free public education. I say...

[bolbau]

if the news is true, conventional banks are nothing more than a hypocritical group. when they try to drop cryptocurrency, on the other hand they also develop blockchain technology which is the fundamental foundation of this industry. but there are positive implications from this news, indirectly banks have given confidence in blockchain technology, now it is just waiting for the crypto market to improve again

[Olalomi]

The banks thinks they can have an alternative to bitcoin which can compete with btc  this will be the joke of the century, they introduced xrp with the aim of downgrading bitcoin against all odd bitcoin have been waxing stronger without kicking it out although price-wise this is not the best of time for btc however btc has a brighter future.

[syntac]

I am sure the news is a hoax, because of what ... because until whenever Bitcoin is the most superior in any aspect, and no one can compete with bitcoin even though 10 banks merge even though.
in just 5 years, bitcoin has had a significant impact on the world community, the community has been helped in terms of economy and reduced poverty.

[Fappanu]

They can not overtake bitcoin, bitcoin has been the beginning, so bitcoin is still all the recognition.
Hence bitcoin will not be lost in history, and even though there is more then bitcoin it all goes to compliment.

[Johnzky]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

So who are those 10 strongest banks?Bitcoin will never be kicked out because this is the original coin thats was created in the name of bitcoin
And now just because banks are adapting blockchain then thy will just kick bitcoin?zlol this will never happen because people are tired from this damn bankers

[thuat86]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

Bitcoin has its own life without any backup of banks. It is a true cryptocurrency of people worldwide. Public has supported bitcoin and will continue forever. Of course, banks can release their own blockchains and native coins, but it cannot kill bitcoin. Financial Institutions's cryptos can live a long with bitcoin.

[munareal]

Financial banks crypto coin will be controlled by them so it is different from Bitcoin that is a real cryptocurrency that can be used by all and not controlled by anybody Bitcoin is not competing with any digital currency as they are all copies of it

[bajingluncat]

banks may adopt the blockchain system and create their own coins, but to kick bitcoin from the market that sounds impossible, bitcoin is like a king and first, to survive so far is not easy, it requires a lot of trust from investors and it will be hard to come by by new coins, just look at what altcoins can be aligned with bitcoin? Sounds funny, now don't think too far, because to compete alone it will feel very difficult

[supermine]

With their digital coin they never can because there is a huge difference between the bitcoin and the coins created by the banks are decentralized so bitcoin is not controlled by anyone which makes it unique but the banks coins were controlled by them so there is nothing difference with fiat and centralized cryptos other than the transactions were happening on blockchain network.

[NelfiNovita]

We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain  cryptocurrency project,which first launched in 2015,  which is said to aid them in settling transactions over blockchain.

Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins “bitcoin” out of the market.

Continue reading => https://zycrypto.com/banks-going-kick-bitcoin-new-coin/

So if news like this already appears, we just wait for bitcoin prices up to 100,000 USD, I will keep my coins in a very long time

I don't believe that can happen, because the strength of bitcoin is very strong to destroy and any bank won't be able to kick it out of the world of cryptocurrency. Bitcoin is the king of the crypto world and everyone believes in bitcoin.

[FallenBtcAngel]

Yes, that's possible! Moreover, banks can buy already existing projects. Moreover, they can do a lot of things behind the scenes that ordinary investors don't know and don't take into account when making their purchase decisions.