Banks will always be against cryptocurrencies?

[bitterdog]

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 if right now bank still againts is still normal because banks also need to adapt  into the new technology of bitcoin and try to accept it. But, i'm sure in the future banks will accept bitcoin.

[EmmaBen]

Isn't it obvious already?
Why would I support something that had the potential to phase me out of business?

[Kuchiyose]

Some banks will help you to convert you digital money into fiat.
Also some banks don't accept it because they see it as threat.

In some countries it will happen and in other countries there will be where the Bank is very accepting of Bitcoin to make better development in their country. this only depends on the request.

[jikurpa]

The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.

in my opinion, it is a bad and undeveloped reason with that thought, why does the government or banking institution embrace cooperation and develop together for positive results and make all the people who are not disadvantaged for the development of cryptocurrencies and banking institutions prosperous.

[al maruf]

The bank is not against cryptococarrency. Actually the bank wants evidence or documents for anything. But cryptocarrency does not have any documents. Which is online, in reality there is no position at all. So the bank is not against cryptococarrency. But the bank will never accept cryparency.

[h0lybyte]

Banks are always against cryptocurrencies beacause this digital technology has feared them a lot.
If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless

[thisav]

Apparently banks and cryptocurrencies are always in compete over each other, even it looks like they are not. First the biggest feature of all crypto like bitcoin is the dencentralisation which it does not have a central control and the coin can be stored in your wallet and only you can access to it. In contrast, banks is centralizing the money and they earn money by lending your money to others. Two have different natures cannot work with each other.

[Gheka]

Banks are always against cryptocurrencies beacause this digital technology has feared them a lot.
If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless

I do not believe what you say, I always have a different perspective and I believe banks soon realized the benefits and features that crypto can bring, it can upgrade and improve their services, there is no reason for them not to recognize the factors that can help their future development. However, they always need to show a fake face, which is against cryptocurrency and bitcoin because the pressure from the government is too large, the government really does not like relationships that involve crypto when they and it are always two opposing states

[Lorna111]

things will change a lot in my opinion. for the first part the banks will oppose bitcoin since it is a decentralized currency that they can not have any kind of control over and instead they will go for the centralized altcoins and will invest in them. as we can see with the case of XRP today. then they will dump those coins and start their own centralized blockchain as we also see with some of the banks in these centralized altcoins are currently doing.
but eventually they can not fight the revolution anymore. as bitcoin's adoption grows more and more they will have to also adopt bitcoin and adapt their services

   Well in some degree your statement is right but we see in the news that Banks in some country open its door for crypto currency digital transaction, the issue here the the total acceptance of Crypto Digital Transaction in the main stream market, whether they will open its door for the crypto to dominate the market. Bankers will always protect their long time investment and the Banking Institution as a whole.

[enogheghase123]

One attribute a good business should adopt is innovation and adaptation to change. and i think the banking sector has identified the new thread in investment now which is cryptocurrency. And everyone are keying into the crypto currency initiative, and for the banking sector to stay relevant, they need to move with the threads and adopt cryptocurrency in order to stay competitively relevant.

[kwakufavour]

Since the aim of the existence of cryptocurrencies and the blockchain technology behind it is to eliminate centralization, the banks will always be against it since they will have no ways of making money from the people. Banks and cryptocurrencies will always conflict.

[xbossJ]

Its  common in every business! When you lack ideas which you know your major competitor has, You will only look for ways to bring him down! Allowing $Bitcoin roam large means sending banks into oblivion!! They aren't comfortable with a tool that can cut down interest on loans, how do bankers make money if  not by taking Mr. A's money and giving loans to Mr. B, then charge interest which should rightly be Mr. A's!! If $Bitcoin makes Mr. A wiser so he doesn't lose interest on loans given with his money by the bank to the bank, Mr. A will only reach out for $Bitcoin and save his profit from loans!. Banks will always be against cryptocurrencies, Worst is that they fail to recognize that monies paid into their accounts could be proceeds from crypto trading!!

[4rzun4]

Not all banks oppose cryptocurrency, I believe that someday there will also be banks that support cyotocurrency and want to collaborate with cryptocurrency, because the existence of cryptocurrency will actually be able to help the development of banking if both can work well between the two.

[happy weblancer]

Not all banks oppose cryptocurrency, I believe that someday there will also be banks that support cyotocurrency and want to collaborate with cryptocurrency, because the existence of cryptocurrency will actually be able to help the development of banking if both can work well between the two.

I think banks will not work with cryptocurrency: very risky operations for banks. The high volatility of the cryptocurrency will not allow banks to work with it.

[kalstarzz]

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.

if the bank only accepts crypto transactions with money then it can be interpreted that the actual benefits of bitcoin will not appear.
and in my opinion this is quite uncomfortable.

[Peacemaker1994]

Well I think that there is a mixed feelings to this because some set of banks might accept while some might reject but truth be told there is a higher percentage of rejecters. So I think cryptocurrency will overshadow banking system in the nearest future

[stiffbud]

The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.

Bank never want something which can create trouble for it. Bitcoin like decentralised currency creat problems for it cryptocurrency provide and untraceable and uninterrupted money transaction facility and because of this many people like to use it instead of bank. Another thing is transaction through cryptocurrency are less trouble and fast and they also charge low transaction cost but transaction through bank are time taking and banks also charge high transaction cost because of tgis many people like to use cryptocurrency instead of bank and this thing affects its bitcoin profit and progress.

[Emilyp]

I totally agree with you. Many renowned banks have already started looking at ways to incorporate blockchain in their system, they wouldn't want to oppose cryptocurrencies instead they'd want to tap into the huge capital available.

[cybernetik7]

Banks would rather not to see cryptocurrencies in the market but they are not able to do that. While they are trying to find adopt criptocurrencies to their system, they also use their force in order to keep  cryptocurrency market cap lower.

[patimahsunda]

I think the bank is fighting Cryptocurrency because it's difficult to control. So I think it will take a long time for banks to recognize and adopt cryptocurrency. Maybe not all banks will fight, but there are some banks that strongly oppose cryptocurrency in their country. So we don't need to think too far. This depends on the policy of a country I think. That is only my opinion about this.