Banks to start trading crypto sooner

[krishnaverma]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

[apelmerah]

Indeed it is very true that for now it is very appropriate to make the purchase of bitcoin or other crypto, and I believe that soon cryptocurrency prices will rise again.

[krishnaverma]

Indeed it is very true that for now it is very appropriate to make the purchase of bitcoin or other crypto, and I believe that soon cryptocurrency prices will rise again.

Yes the fact that Facebook is also planning to launch its own coin will also help. This really proves the potential of crypto as even leading companies want to earn from the increasing popularity and acceptance of crypto.

It will make crypto popular worldwide and we will get a number of new investors.

[Road445]

More and more financial institutions are beginning to understand the cryptocurrency market.
The good news for the whole market is that the cryptocurrency market is becoming more specialized and regularized.

[Rustamm]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

The position of banks in relation to the crypto currency will directly depend on the speed of legalization of the crypto currency by the majority of states and on their general attitude to the crypto currency. If the laws on the regulation of the crypto currency are largely friendly, the banks will have to accept the existence of the crypto currency and will quickly switch to its use in their activities and the provision of various types of services in the crypto currency.

[renes]

and microsoft's gates says it is bullshit, what a contradiction among those people! I think they realized the cost of being late for this market so they want both to beat us and to enter the market.

[amishmanish]

The person saying this has jumped from JPMorgan to start her own Blockchain startup named Clovyr. If she is confident enough to make the jump then this is a pretty good sign on what she thinks about the future prospects of blockchain adoption.

Infact, some of the earliest individuals who invested into bitcoin and Ethereum at the right time, after it came out of the underground, were investment bankers and traders. They have been in on this for longer than the general public realizes. The problem is whether they are going to do a pump and dump on us now.. or actually going to switch to actively selling and trading bitcoin.

[jatuhtin]

this was a good news for us. but it weird to hear facebook wanna make a cryptocurrency when google banned ads that support cryptocurrency.

[audaciousbeing]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

Did you hear the part "could" which can be next week, next month, next year or never. If you know the way bank work, you would realize that they cannot just wake up then decide what they want to do with customers deposits. Except they finance another company to carry such activities with no relationship with the bank and enough provision to cover for the possibility of it failing, they cannot pull it off. Every cents in the bank is accounted for and monitored from the Central Banks, deposits commissions, fraud units etc.

The point is, its not that its impossible but the allowance to use deposits of customer to engage in crypto currency and be open about it, has to come from the way top which we all know its not something that is easy to come by. Its a good proposition and I hope to see it happen anytime soon.

[yoseph]

and microsoft's gates says it is bullshit, what a contradiction among those people! I think they realized the cost of being late for this market so they want both to beat us and to enter the market.

Well this means that Bill Gates doesn't know everything in this world and it's without a doubt that this some good news that almost everyone who is an investor of cryptos would be very happy to hear.

[aoluain]

The person saying this has jumped from JPMorgan to start her own Blockchain startup named Clovyr. If she is confident enough to make the jump then this is a pretty good sign on what she thinks about the future prospects of blockchain adoption.

Infact, some of the earliest individuals who invested into bitcoin and Ethereum at the right time, after it came out of the underground, were investment bankers and traders. They have been in on this for longer than the general public realizes. The problem is whether they are going to do a pump and dump on us now.. or actually going to switch to actively selling and trading bitcoin.

Correct, i enjoyed the article. I would take note of what this Amber Baldet
as she would have inside information being formerly of JP Morgan and
launching her own project for DECENTRALISED apps.

This point is notable though.

 "But even where the will is, the legal and regulatory framework is challenging."

[avikz]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

A lot of banks are actually tempted to start with crypto currency. Not just trading but they want to introduce custodian service and managed crypto portfolio services as well. However, the challenge is with the current legal framework. While countries like Germany and Japan has shown as really progressive mindset, a lot of countries are still unsure on how to react on this entire crypto currency matter. That's what holding up banks from entering into crypto market. Otherwise we would have seen a lot of banks into this space by now!

[charlotte04]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

Bank's primary duty is to store money, then why would they trade? 

[leontikov]

In early 2019, the banking unit of the Japanese financial group Mitsubishi UFJ Financial Group (MUFG) plans to issue its own MUFG Coin crypto currency. A group of bank customers will be offered to download and run an application that automatically converts their deposits in yen to MUFG Coin at a rate of 1: 1. With the help of MUFG Coin, the customers of the bank will be able to pay in restaurants and shops, and also transfer funds to each other.
By the way, Mitsubishi UFJ Financial Group (MUFG) - the largest financial group in Japan and the second largest bank in the world.

Trends show us that soon everyone will want to make their "crypto". In fact, why should a bank use XRP and buy a coin issued by someone? You can create your own perfectly. To tell the truth, I would not call this 100% centralized and non-anonymous crap crypto currency. Simply, the next "electronic money."

[Harrow30]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

Well, I can see it already happening as one of the top banks in our country is already having coins for customers that makes use of their online services. It is a new generation bank and very open to innovation and especially friendly to the youths. I definitely know they will be making plans on the blockchain already.

[rushel22]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

Then, that would be a good news so that many people will truly believe that cryptocurrency is not a joke. Because there are a lit of people nowadats who regard bitcoin as something that is not good to trade because of its inconsistent price.

[xanaxxx]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

if this happens, the prices will really spike heavily. I can't wait for that moment as it will only confirm there is simply no way banks can do anything to overcome crypto, so they will join the movement

[squatz1]

Now I don't know what this is going to do to the market itself, who knows if the banks are going to use their leverage in the market for good or for evil. But I do know that once this happens, and they start opening up their own exchanges that are backed by the full faith and trust of their large name. I do know that that is going to lead to more adoption and the increase in price for bitcoin -- once people see a household name involved with bitcoin (such as JPMORGAN, Citibank, etc) They're going to feel like it isn't a scam and get involved.

So maybe this is a good thing, at least initially.

[Raggie]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

for a long time, banks seems like didn't want to using or involved with cryptocurrency.
but if this prediction really happened, cryptocurrency and blockchain will be used globally in the world because banks used it.

[THATBTC]

Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive. If you are thinking to buy some bitcoins, it is right time as prices will go up soon.

Source: https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html

Did you hear the part "could" which can be next week, next month, next year or never. If you know the way bank work, you would realize that they cannot just wake up then decide what they want to do with customers deposits. Except they finance another company to carry such activities with no relationship with the bank and enough provision to cover for the possibility of it failing, they cannot pull it off. Every cents in the bank is accounted for and monitored from the Central Banks, deposits commissions, fraud units etc.

The point is, its not that its impossible but the allowance to use deposits of customer to engage in crypto currency and be open about it, has to come from the way top which we all know its not something that is easy to come by. Its a good proposition and I hope to see it happen anytime soon.

there's a possibility