Banks will always be against cryptocurrencies?

[fulmetal08larz]

I agree that banks will not always be against crypto currencies. They are very much interested with the innovation of the technology behind crypto currency. It offers much convenient way of doing transactions compared to traditional system. Although, they might be against the high volatility of crypto currency market. I believe once regulation happens, banks and institutional investors will start to adapt with it.

[pinggoki]

I don't think that banks will try their best to go against a new wave coming from the cryptocurrency, they may use it to make new opportunity to pave way for new mode of financing.

[basyang]

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.

Well, For me I do not think that Banks will always be against cryptocurrencies even though many people are wants to invest and store their money in crypto rather than banks still today cryptos can not down the banks. Banks always be banks maybe banks and cryptos can collaborate together to have a better transactions. It is a good market strategies, it is not good to be against cryptos but if they can have a room for it then it could be a success.

[Ray55]

I think all banks around the world are very scared of Cryptocurrency. Because they know that once the cryptocurrency is launched in the market, their banking service will now want to go to the people. People like to be independent but the bank does not give us that freedom. Then again, the banks cut off the deadly amount of tax. it seems to me that the bank is always on the against of the cryptocurrency.

[teamspike911]

Of course ... crypto-currencies are completely contrary to the interests of banks. Therefore, in case of success and worldwide recognition, banks will simply not need banks. Or their list of services will be very different from today.

[Ric6291]

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 in the UK have also hit the headlines recently for no longer allowing people to buy Crypto with credit cards, although few media outlets bothered to mention that people have never been able to buy stocks and shares, or property on credit either.

[viraj0723]

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 for the rejection is always the same; we don’t deal with crypto businesses because of money laundering risks. This rejection is despite the fact that I have built and sold many companies, have no criminal record and can prove the existence of the mine and business operations.

[spartanrules]

Personally I think that banks, as all of us interested in cryptocurrencies. But they just try to us that this is not so and to manipulate with the market. Banks have big amount of money, so using them, they can pump or down small market of cryptocurrencies. Think about it.

[mrcash02]

I agree that banks will not always be against crypto currencies. They are very much interested with the innovation of the technology behind crypto currency. It offers much convenient way of doing transactions compared to traditional system. Although, they might be against the high volatility of crypto currency market. I believe once regulation happens, banks and institutional investors will start to adapt with it.

They like Crypto-Currency without doubts, but they don't like the decentralization. It's possible to keep the innovation and technology without keeping the decentralization and I believe that is their point. Banks like to be on the control of the situation and in decentralized world they couldn't be, so as you said, they have to "adapt" it, until it becomes fully pleasurable for them (centralized).

Then I don't see any difference between the currently traditional financial system and a centralized Crypto world.
It's six of one and half a dozen of the other.

[Epimetheus]

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.

Cryptoncurrency are decentralised in nature and this the main reason because of which many government are against of cryptocurrency. Cryptocurrency give much more privacy to their user in comparison to a normal bank. Because of this many people like to use cryptocurrency and cryptocurrency also used for international money exchange medium which is more easy to use then that of bank. Because of this many people like to use it. Cryptocurrency are also tex free and also charge low transaction cost and these things attract more people to use cryptocurrency instead of bank and this thing creates negative effect in bank progress.

[Monyong]

the Bank is very interested in the technological innovation behind crypto currencies, and this is proven by the creation of its own virtual currency in several central banks based on the blockchain and hopefully in the future the Bank will accept bitcoin as a legitimate virtual currency

[ayodeji01]

In the long run, this might happen but as now the reverse is the case but that's not really surprising considering the initial response to change. I think as time goes on banks will definitely have no choice but to face the reality and incorporate the blockchain technology services into their system.

[bitbunnny]

I'm not convinced in that. Currently it looks like banks are against cryptocurrencies as their main competition but in fact they are well aware they have to keep the step with future to survive and to stay competitive.
And let's be honest, banks are only after profit and they know Bitcoin and cryptocurrencies will bring it to them.
So, to my opinion it will not have to take so long before banks start to provide to their clients Bitcoin related services.

[muneeb.zain]

As most of the people frequently ask that the banks are against the bitcoin because it can cause them the damage if it would be easy to reach and more common to regulate the banks are going to be in huge loss and their profit amount would also be reduced so that they both can't stay side by side with each other with hands in hands.

[Delinquency]

Of course they will because bitcoins has shown up to turn whole economic system (including banks of course) upside down. So it's normal banks are against to bitcoin. Bitcoin's nature completely unacceptable for traditional banking system.

[Wassu_Maddy]

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.

No transaction or other fees here!!!!Obviously BANK go loss and in tern BANKs against Cryptocurrencies!!!!!

[HarmonyA]

No matter the stand of banks against cryptocurrencies, the truth is that we can not continue with the norm forever. The human mind is open to ideas and blockchain technology is one of them. When the cashless society idea came, banks kicks against it until they found it interesting. Now they make good revenue from the process. Banks should stand and see how to explore the great opportunities that cryptocurrencies offer.

[rababo]

No matter the stand of banks against cryptocurrencies, the truth is that we can not continue with the norm forever. The human mind is open to ideas and blockchain technology is one of them. When the cashless society idea came, banks kicks against it until they found it interesting. Now they make good revenue from the process. Banks should stand and see how to explore the great opportunities that cryptocurrencies offer.

it's ridiculous to have to see those parents who remain opposed to blockchain technology and still deify their traditional systems.
maybe this will take several more generations until the person behind the bank is replaced by someone who is revolutionary who can see more about future technological opportunities.

[Olayinka225]

Yes much well agreed because much and more money is going into crypto. If one can check thr statistics now, we could see that, more people are investing heavily into cryptocurrency.

[Escf4]

I do not about that ,I am always if the pisitive way that in the future if the cryptocurrency will be accepted worldwide then as a financial business institutions banks ,would really get into or collaborate with cryptocurrency technology and accept cryptocurrency yransactions in the near future.