Banks will always be against cryptocurrencies?

[uberwala]

I hope soon bank will accept cryptocurrency onwards .

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[Vinz1978]

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 am a bit 50/50 on this matter. Some banks are still against bitcoins but some are already accepting bitcoins on a trade for fiat money. I think it will be a smart move for banks to accept bitcoins. They could tax the exchange and earn from it thus promoting more and more banks to do the same.

I will support you on this statement of yours dude! in fact, here in my country the is only one bank I knew which is really open for crypto currency and that is Unionbank, I don't if some of you are familiar or heard of it. This banks in my assessment they adapted the scheme of crypto currency, I think they see there is a big potentials in crypto and they maybe saw it also that bring it down which is crypto is not possible for the bank to defeat whether it is bitcoin or crypto.

[airdnasxela]

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 now is just on the adjustment period where they initially consider cryptocurrency investment as a potential threat to their business for the reason that they will fight for investors but I shared I think banks will do on the long term is that they can really incorporate or adapt the idea of cryptocurrency. They will soon realized that they do not need to battle with cryptocurrencies but instead to cooperate with it. They already see the growing number of digital coin investors and these banks can capture these type of investors only by also offering cryptocurrencies.

[saumang2m]

The bank is always against the crypto currency. Because the bank can not control the transactions happening in the crypto currency. Because of which many times banks also suffer losses. But I think there will be some solution for this in the future. Thereby the bank will not be against the crypto currency.

[sidodadii]

bank will use bitcoin for their resource, if they are smart enough.
you know that bitcoin can make someone better than before. and it can implement to a lot of society too if they can use it. government must have new idea for this 'future' they cant ban it, because every person that know about bitcoin will try to earn it in every ways

[TheKeyLongThumbI]

It's expected that it will happen but only on the early years of crypto like in this current year. But when mass adoption is already spreading like a wildfire then most of them will have decide whether to join or continue to resist. If they resist much more then they will just end up miserably so its up to the head of those banks if they want to fight until the end or not.

[xabre]

Bank always try thousand way for against with cryptocurrency, they have afraid when many people more like for invest and save money with bitcoin than have save money at bank, people have smart now which one more profitable for saving money between bank and bitcoin.

[MichaelOwen]

There are some reason Why people say that: Banks will always be against cryptocurrencies. I think with the extreme development of cryptocurrencies , people will use it to transfer money instead of finding so that there is a risk of bank's existence

[revive7up]

The interest in electronic markets is increasing, so it is impossible for banks to fight against electronic money. With the benefits of the technology it brings, banks are approaching and will accept electronic money in future financial transactions.

[Cryptogid]

You are absolutely right on their craving for capital, I really believe they will come for the technology that cryptocurrency is offering..

[suzanne5223]

The interest in electronic markets is increasing, so it is impossible for banks to fight against electronic money. With the benefits of the technology it brings, banks are approaching and will accept electronic money in future financial transactions.

You absolutely make a point cause we already have some banks which currently work with ripple and we have some case where some bank are against cryptocurrencies which is the reason why I believed it won't be easy for the banking sector to accept crypto and this was the same reason why the Israelis government don't recognized bitcoin as currency.

[basyang]

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.

Yes. I am totally agree with you, we must say that some banks did not want cryptocurreny but still there are banks that open to collaborate with cryptocurrency. I think some countries have a ATM machines in cryptocurrency is connected with banks and in their country cryptocurrency is one of the partners of banks. It is good to see that banks and crypto is not competing instead partners in making us convenient incomes to transactions.

[smile1218]

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 bank will not be against crypto currencies because they would probably benefit from the crypto currencies specially if they will embrace the crypto market and add it up on their products and services.

[lyks15]

I agree with that. Bank will always against in bitcoin, I think the reason why banks are against bitcoin because their client are no longer to deposit to their bank accoints because clients are already put their money and investment at bitcoin business. If you think wisely. Bitcoin investment is more practical rather than bank investment. Because in bank investment your capital will earn a very small interst like 0.005% per month unlike when you invest at bitcoin you will earn double as your capital depend on your strategies. So people will choose the bitcoin investment and the bank being against to bitcoin because it may cause their loss.

[Nnedaddy1]

I agree completely.

Banks always feel threatened at the mention of cryptocurrencies.
We all know that banks makes huge percentage of their money from fees and charges on transactions.
By the time cryptocurrencies get mass adoption rate in no distant time from now, and the public starts doing transactions using cryptocurrencies, all those charges and fees will no longer be coming forth for the banks .
This could threaten the very existence of the banking industry and I do think that this  could be the reason why banks are jittery over cryptocurrencies.

[gadimbrut]

I don't think that all banks will accept cryptocurrency because not all countries legalize the use of cryptocurrency, especially bitcoin, from the many news that I read that many banks oppose bitcoin, maybe they use bitcoin as a threat to their business, and I don't know for sure about it

[Bitcoin_Delivery]

The bank is currently still not agreeing with the growing progress of the project because it will later also make many people who will switch to the cryptocurrency world because everyone has believed

[ninokh]

I think the bank statement will always oppose this cryptocurrency right. because most central banks fear cryptocurrency will not be controlled and are very vulnerable to being used as a means of money laundering, drug sales and other criminal behavior. and if crypto circulates, the bank is afraid of losing to crypto because people prefer to invest crypto rather than deposit money in the bank. and decentralized cryptocurrency cannot be monopolized by the central bank. and most governments do not like something that cannot be controlled.

[Carrelmae10]

..yeah you're right..i don't see anything wrong that many banks will be against crypto..but rather,,they will going to accept it for many were involve in crypto world..banks are just afraid to loose clients..because many peoole were engage in investing in crypto..so they treat crypto as their mortal enemy..contrary to that,,few banks are now accepting Bitcoin..so i see in the future that there is a chance that bitcoin will be the first digital crypto money in the world..

[#Paul]

Some banks are now beginning to cooperate with cryptocurrencies. The cryptocurrency market is innovative and banks will have to find a way to sell their services through this market.