Banks will always be against cryptocurrencies?

[Gabb]

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.

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[kotajikikox]

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.

[FlamingFingers]

I don't know where you see such kind–hearted banks, but where I live, banks are not only against Bitcoin, they are pushing hard and down on the government to ban anything related to cryptocurrencies. Although banks are using Blockchain as a technology to improve their financial infrastructure, they are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).

[94K]

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.

[orarider]

Electronic money is still a big threat to bankers. All of them were surprised by the rapid overwhelming of the electronic money world has been growing rapidly in the past few months. There are hundreds of ICOs and major fluctuations in the big electronic money like Bitcoin and Ethereum.

[umrohyuk]

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.

Yeah, I think so. Bank will never fight against crypto, they should use and apply blockchain technology into banks process because as we know that blockchain technology offers simplicity and transparency. I think banks will be more simple and better if they can use this new technology. Now I think banks already begin to use it.

[bloodyvio]

not forever
sooner or later the bank will accept cryptocurrency
especially crypto which is related to banking or centralized

[dinapawitra]

I think it's wrong if a bank be against cryptocurrency, cryptocurrency is very supportive in transactions... Because this is electronic money that is useful for the future... I think, the bank will someday receive cryptocurrency in their business...

[squatter]

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.

Retail banks, investment banks and central banks will need to adapt. They need to follow the market. If retail banking customers want to use cryptocurrency, you can bet that Bank of America will accommodate them with a trusted wallet and transfer system, eventually. I imagine that's why they have something like fifty blockchain patents already.

Likewise, I think investment and central banks won't be able to ignore BTC forever. At some point, they may need BTC in their portfolios as a hedge against the devaluation of other assets, like currencies.

[sotoshihero]

I think it's wrong if a bank opposes cryptocurrency, cryptocurrency is very supportive in transactions... Because this is electronic money that is useful for the future... I think, the bank will someday receive cryptocurrency in their business...

Banks are slowly utilizing the blockchain technology. Same technology behind the cryptocurrency. In the future, banks will use this cryptocurrency too depending oin the demand from public. If the community is big enough, its an opportunity in business especially  for banks too.

[Nakedbitcoin]

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 reason behind the bank's are always against in crypto currency because for them crypto currency is the biggest compitence to their investment. Because they lose big amount of profits if their customer's transfer to invest their money in crypto currencies. The bank gives a small amount of interest to their customer's in a long term deposits which is not good to the part of their customer's.

[felicanoma]

Yes, the bank will always oppose cryptocurrency.
I think if banks are afraid of being displaced by cryptocurrency, yes because cryptocurrency is easily safe and controlled in the hands of their money holders while in our bank does not have full power from it many people prefer cryptocurrency if cryptocurrency starts to surface.
Of course after cryptocurency surfaces and digital money is becoming more popular, I think banks will also take roles, they will accept digital money exchanges.

[suzanogbomo]

I have read reports of how banks have frozen the bank accounts of persons who they suspect to be dealing on cryptocurrencies even when there are not explicit law against the use of cryptos I such countries. The goal is to scare people off from using it because they know that it had the potential of changing how people see money

[livingfree]

Blockchain and cryptocurrencies are bound to be adopted by the banks, why? they don't have choice as OP mentioned that the capital is there and the banks won't waste opportunity of catching it.

At first, it seems odd to see themselves adopting it but they will learn it later on that there's a big market that they can also collaborate with it. As long as there's money, they will not waste any single opportunity like adopting cryptocurrencies.

[Jamjamz30]

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.

Here in my country, we have only one bank which I know that they are very opened into crypto crypto currency, Meaning, there is a possibility were in the near future the banks in every nations will adapt the concepts and system of cyrpto currency. Therefore, there is an hearsay's that if you can't beat them join them.

[TimeTeller]

I think it's wrong if a bank opposes cryptocurrency, cryptocurrency is very supportive in transactions... Because this is electronic money that is useful for the future... I think, the bank will someday receive cryptocurrency in their business...

Banks are slowly utilizing the blockchain technology. Same technology behind the cryptocurrency. In the future, banks will use this cryptocurrency too depending oin the demand from public. If the community is big enough, its an opportunity in business especially  for banks too.

As a matter of fact, big banks are now working behind the scenes to integrate blockchain in their system.
If they will not accept such kind of blockchain innovation, they will be left behind.
Of course, at first, they are hesitant with the usage of cryptocurrencies because of the disadvantages that it brought to them.
But, the time is really changing so fast. More and more users are becoming aware of the benefits of blockchain and cryptocurrencies.
So, banks are now adopting this revolution. The truth is, blockchain might be the answer to their recurring problems (i.e. transparency, fraud, and so on.).

[Atlantic12]

Most bankers are against digital currency such as BTC because of it high level of decentralization. Because BTC is decentralized giving out loans with interest which is a usual policy of banks to make profit would be expunged. Some banks are also working hard to form a strong body of interoperability with cryptocurrency.

[KingScorpio]

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 banks controll the national currency, they have no interest in weakening it

[Rustamm]

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.

Banks will actively resist on the introduction of crypto currency only until their actual legalization by states. After that, banks' counteraction to the Crypto currency will decrease sharply and they will begin to provide services for the exchange of crypto currency. For other operations, such as deposits in the crypto currency or the issuance of loans in the crypto currency is hardly worth counting. For banks, given the high volatility of the crypto currency, this will be too risky, they will not be engaged in this.

[pooya87]

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