Banks will always be against cryptocurrencies?

[mattujusuruga]

Banks will always be against cryptocurrencies? Yes also NO.

Yes. becaus In my county if people alrady know about cryptocurrensy most of them only use bank for change their crypto into fiat because save money in bank is unprofitable because of that bank against crypto

NO. Sometime bank also make cryptocurrensy as partner business and I think crypto's worlds is also influenced by banks

[Vsamuel]

Banks are aware of the benefits and opportunity that cryptocurrencies avail to all individuals. This alone should be a driving force that serves as a threat to them since they have very little and obsolete services to offer. I think this will be the major reason why banks will be afraid of cryptocurrencies.

[Myown55]

Recently I read a post which stipulated that banks are trying to understand bitcoin, blockchain and their associated operations so that they can easily incorporate it into their activities. Banks will not hate bitcoin forever, the mindset will change.

[velive08]

from the beginning of the emergence of crypto banks always opposed crypto, this happened because a lot of investors in banks turned to crypto. but in the foreseeable future I believe that crypto and banks can be connected and become a new technology

[BitHodler]

Banks should stand and see how to explore the great opportunities that cryptocurrencies offer.

I think it's time for people themselves to stand up and take things into their own hands, because there is no way that banks will help you to get involved in decentralized crypto currencies.

They are out to continue to function as central party where each transaction requires a certain form of permission and fee to boost their revenue and profits. Crypto goes against everything banks stand for.

Crypto is far from perfect as means of payment, largely due to the volatility and very limited scalability, but with second layer solutions we should at least come a little closer to our end goal.

People aren't yet interested in using crypto as means of payment, and that gives Bitcoin enough time to have the lightning network mature even further. Bitcoin's future looks brighter and brighter as time goes by.

[Diced90]

I think looking at the short term it is quite possible that banks will rise against crypto but there's also a chance that if crypto becomes more trusted then banks will find a way to harmonise with crypto. It's not all definite.

[OSEIBOATENG]

I think the reason is that they know one day when cryptocurrencies are accepted all over the world they might end up closing their banks because of the decentralized form of crypto.

[Finestream]

I think looking at the short term it is quite possible that banks will rise against crypto but there's also a chance that if crypto becomes more trusted then banks will find a way to harmonise with crypto. It's not all definite.

I believe so.I think banks will probably accept crypto transactions in the near future.Since crypto development and its utilization is already growing,then bank transactions with crypto will now be inevitable.Instead of having them as great competitors,i know they will surely work hand in hand to give fast and efficient service to the people.

[ljane]

They started threatening cryptocurrencies when it first came. Nonetheless btc has conquered from that time and that shows the kind of coin we are dealing with. We just have to look at them do whatever they want but one thing s there is no way to stop cryptoccurrencies.  

[rosemary4u]

Blockchain technology  is taking over the world as new projects are emerging to solve many problems. Most projects that are related to the world of finances  have already incorporated blockchain technology and think this is a step in the right direction for blockchain technology.

[AimHigh]

Yes your are correct if we are basing now banks and cryptocurrency was now embracing each other because here in my country some of banks was totally accept transaction thru bitcoin so that it easy for us to use it in our some transaction. So if the others saying that banks are against in bitcoin don't believe on it banks was accepting and adapting blockchain technology.

[wizardcrypto]

In my own opinion the Banks are controlled and regulated by the Government ,base on political sentiment the banks are ready to go low to sign a deal with the Government to frustrate the digital currency operations globally  because of the huge profit they make from the following sources:

1. Banks make profit by charging interest on money that they lend to their customer.
2. Banks make profit by charging fees for services they provide to their customer.
3. Banks make profit by trading financial instruments in the financial markets to their customer.

lets take a case study from the people republic of china, In 2018 precisely , China, a country known for having some of the strictest capital controls in the world, blocked its citizens from trading Crypto by banning and blocking exchanges and outlawing ICOs. Vietnam followed suit weeks later. when the banks have a deep thought on how much profit they generate as mention above they will always fight concurrency.

Jamie Dimon, the billionaire, Chairman, CEO and President of JP Morgan Chase — America’s largest investment bank regret why he called bitcoin fraud . l believe in the future the Banks will regret their actions too and embrace the cryptocurrencies sooner or later

[solkinsolali]

I don't think banks will be again cryptocurrencies forever. It will come to a time when even the banks will start offering one form of cryptocurrency service or the other. So, just relax.

[zwiggel]

Through more than eight years of bitcoin's existence and development, central banks around the world have increasingly realized the potential strengths and weaknesses of electronic currencies. The "guards" of the global economy are now interested in 2 issues of coding money: What to do with the rise of private-money coders is becoming more and more popular, and should they launch their official coded currencies?

[CoachCC]

I'd rather say "Banks will never be against cryptocurrencies" because crypto is one of the best ways to make money and the volatility isn't going to scare them away from crypto

[OrangeII]

Through more than eight years of bitcoin's existence and development, central banks around the world have increasingly realized the potential strengths and weaknesses of electronic currencies. The "guards" of the global economy are now interested in 2 issues of coding money: What to do with the rise of private-money coders is becoming more and more popular, and should they launch their official coded currencies?

not all banks against bitcoin, there are even some banks that try to learn the system from bitcoin, or blockchain and try to use it for the fiat they have. Well, but so far, the bank seems to look like that.

[deppil]

I think looking at the short term it is quite possible that banks will rise against crypto but there's also a chance that if crypto becomes more trusted then banks will find a way to harmonise with crypto. It's not all definite.

I believe so.I think banks will probably accept crypto transactions in the near future.Since crypto development and its utilization is already growing,then bank transactions with crypto will now be inevitable.Instead of having them as great competitors,i know they will surely work hand in hand to give fast and efficient service to the people.

Thats right dude. that's what will happen in the future. technology will advance and banks will not think of banning bitcoin as a way
out of course they could lose users? the bank will think to cooperate with Crypto. maybe it will benefit for both

[Ninja Sword]

Not all banks hate crypto-coins. Some have said they are testing some digital coins and the blockchain.
In the future, money as we know it, controlled by banks, is likely to change and, according to some analysts, crypto-currency will be the new way to buy and trade products and services.

[escalante28]

I think no. Here in our country almost all banks here are selling bitcoin, maybe they know that they can't stop bitcoin and now they ride in it. What I observed is that banks are now partnering with cryptocurrency and I believed they're going to upgrade their system into a blockchain. That's the only way for them to continue their business.

[bce]

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.

maybe for now the bank is still opposed to crypto in its growth and if in the future crypto currencies are accepted by all people and the country will certainly receive a crypto system too