Banks will always be against cryptocurrencies?

[davhek]

For sure. As they are the only ones who will suffer big losses once blockchain transactions become mainstream. There are to many benefits and it is just a matter of time when it will happen.

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[Gary Levanevskii]

I think that banks are not always against cryptocurrency. Already many banks want to provide services related cryptocurrency custody. I think they do not want to lose customers and will try to adapt to something that is gaining popularity.

[bangkecol]

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

it seems that it is very unlikely to happen, because the bank system already has regulations, where the financial that can be used based on having a real physical not in digital form. So the possibility for cryptocurrency to be accepted in a bank seems very small.

[altercreed]

Yes but not all as we know that there is an existing cryptocurrency that is backed by banks around the world and that's in the presence of Ripple. So why not other banks follow what other banks are doing? For me, it is better to have a hybrid banking system in which blockchain is integrated into it.

[Xxmodded]

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

the fact is that in some countries that prohibit crypto, banking is the one that strictly prohibits cryptocurrency. especially for Asian countries, in my opinion this would certainly be a debate. banking is only interested in the blockchain system. not cryptocurrency

[beami]

There are still many countries that oppose crypto, so I think many banks will comply with these government regulations.
But there is no need to be pessimistic, there are still many banks that will provide opportunities for crypto to develop well.

[bratuha]

The Banks like a crypto. The Government doesn't like crypto and don't want to work with her!!

[nealdlover]

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

I think banks will follow the trend. If people use btc or cryptocurrency more widely, the bank will also introduce policies to serve the users, as well as assist them in the transaction. borrowing, depositing, etc. so I think in the future banks will accept btc soon

[hulla]

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

As long as the country where the Bank is located still prohibits Bitcoin, the Bank will actively reject crypto currencies. For banks, given the high volatility of crypto currencies, this will be too risky, they will not be involved in this.

You're right cause the rules and regulations of the countries where the Banks is located will determine how banks will appreciate bitcoin and regarding banks not to be involved with crypto currencies due to high volatility is all a lie cause the banks in Switzerland, Malta etc are involved in cryptocurrency.

[manyu22]

I think that banks are not always against cryptocurrency. Already many banks want to provide services related cryptocurrency custody. I think they do not want to lose customers and will try to adapt to something that is gaining popularity.

Bankers are worried that crypto market growth rates will have a serious impact on their operations. Banks seem to be fighting cryptocurrency to slow down their growth rate. Many banks have recently banned their customers from buying cryptocurrency with their credit cards.

[SventraPapere]

It's just inevitable.As people and banks when it moved from coins to bills,and then cards and online banking.The next step should be in the blockchain.It can't be any other way.Too much information and new technologies.And every day the number of users increases.Even already made a lot of new coins specifically for interaction with banks.It's started.

[traderethereum]

I think the banks will not against cryptocurrency and I hope that there are more banks that will accept cryptocurrency and perhaps, they can work together with the cryptocurrency. I think in the future, the banks will integrate with the blockchain technology once they found that the blockchain technology can help them to solve their problem. maybe they need to study first before they can build the infrastructure that can integrate with the blockchain technology so it will be a good news for the crypto user to see the banks can walk with the blockchain technology.

[fuer44]

it could be, especially if crypto does not immediately get clear regulations from the government. because as crypto growth and increased use of crypto can affect the bank's performance. especially when making transactions abroad, if you use crypto it will have no effect because the crypto value is the same all over the world. while a country that imports / exports aims to improve the economy and increase the exchange rate of their money so that the currency becomes stronger and the bank is also getting stronger.

[thesmallgod]

Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.

maybe you can tell us any of the traditional bank you know that accept cryptocurrency in exchange for fiat. I am sure your are not going to tell me about the cryptobank because they are not traditional bank and by the way we have seen many ICO past and present that intend to work on cryptobank but up till today non of them is fully functional. they have many drawback that they are still fighting. I can remember Bankera that seems to be a solid project with great concept but ever since the ICO, little or no information have been heard from the dev.

[lee cooper]

Government policy does have an impact on banks, but I think that if the government legalizes crypto, the bank will also accept crypto so that the government's aim to strengthen fiat in the economy will be realized, namely import exports that occur in global markets.

[thesmallgod]

when we talk about bank against cryptocurrency, it might not be in using the underlying technology behind cryptocurrency which is blockchain technology. In fact there has been speculation that by year 2025, many bank will up in for using blockchain technology but accepting cryptocurrency in exchange for local currency is what i do not see coming from banks. banks are being regulated by the government and ones the government is against or baning crypto then there is no way banks will not be also against it.

[Salauusman]

Yes.. There is know how banks will not embrace cryptocurrency, because once people eyes are opening to cryptocurrency that means cryptocurrency space will be expanding and if banks still didn't embrace it then they will be force to accept it not by fight or power, but with people interest.... People are the power for everything.

[kokobaba880]

Banks are using currencies like fiat and for that they have physically things while the value is controlling by central department in every country or central banks so they are sure about currencies and they are using then the digital money for physical money but not in the case of crypto so banks are against of crypto but it's importance for the traders can not be ignored still bitcoin have a good market value.

[muchachita14]

A fiat money system where central banks can and do literally print money at will has its weaknesses. That’s why hard assets like gold are so popular among smart investors: as real stores of value, they provide a safety net against currency depreciation.

However, it’s doubtful that the same applies to cryptocurrencies. Despite what the crypto-evangelists will tell you, digital tokens will never and can never replace gold as your financial hedge.

[jameskarl]

bank is not against in crypto currency. actually on my country now bank is adopting crypto currency. we can cash in and cash out from local wallet direct on bank and cash in also vice versa.