Banks will always be against cryptocurrencies?

[Mary Ofosuhene]

I strongly believe that, if there are 100 banks around to support cryptocurrencies like bitcoin, I will say 5% will be in support of crypto whiles the remaining 95% will be against cryptocurrency. The reason being that, most banks see cryptocurrency as being a threat to them in the sense that, owing to the amount of profits one is likely to make from crypto, most people will withdraw almost all their money from banks and invest into crypto. This exposes banks to lot of threats which in a way can be difficult to tackle.

[alex_gr_cc]

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.

Of course, banks will soon work with cryptocurrencies. Now this is hampered by the lack of regulation of cryptocurrency at the state level. Therefore, banks now cannot work with cryptocurrencies, as banks are forced to obey the regulators.

[Qurelal]

For any industry, finding properly built relationships with banks is a problem. Many people call blockchain technology with a high degree of risk. But if you plunge into banking to a certain depth, you can find there are no less than financial instruments that are even more risky than cryptocurrencies. The banks, indeed, have considerable overhead costs for maintaining processes that are convenient for customers. This prevents venture investors, creators of start-ups from having a full-fledged partnership with banks. And the cryptocurrency market, it seems, is preparing to occupy this niche with a high risk, but with no capitalized profits. In general, sooner or later, the cryptocurrency market will throw wood chips into developing companies and industries, help them polish partnership mechanisms with financial structures, which will allow banks to be more loyal to start-up entrepreneurs.

[RiskySanchez]

crypto currency will always be profitable for any industry, including banks, as long as they can manage the blockchain system they have, of course the crypto currency becomes a very high value to be developed, especially banks that can save money from anywhere including BTC and ETH. Integration of banks with blockchain at this stage has been realized, such as the TPAY project

[Blazing1259]

Yes
They'll always be against it.

[Eraldo Coil]

Banks now are embracing bitcoin and other cryptocurrencies. Banks wants to be affiliated with bitcoin is a great move for them and that's why they choose to be part of it. Even though they know that crypto might there problem in the future if the the government fully legalize and support bitcoin. But for now they just want to be part of  bitcoin trend.

[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 do not believe as well because crypto currencies could lead to additional income of the banking institutions. The banks may offer cryptos as their product they would just need to strategize on how the banking industry would embrace and cope up with the crypto market.

[burky156]

It seems in that way, the bank don't likes the cryptocurrency market.. But i believe at the same time they are searching way to solve this problem in very fast way. I believe that they have understood that they can't deal with it with fighting.. Just like the goverments banks are really don't know what to do and searching best way for themselves..

[conected]

It seems in that way, the bank don't likes the cryptocurrency market.. But i believe at the same time they are searching way to solve this problem in very fast way. I believe that they have understood that they can't deal with it with fighting.. Just like the goverments banks are really don't know what to do and searching best way for themselves..

- I do not think so, I have always thought that banks are becoming very excited with cryptocurrency because with the development of crypto, banks can create and develop new services in crypto, there is no reason for them to hate crypto, it is beneficial to them, not harmful. Government and many people still think that the crypto would threaten the bank in the future but the reality, this story is just rumors and lies, banks have built a very high level of trust and security, the chance for crypto to become a threat and the competition is too low

[Sirait]

Banks will lose if continues against cryptocurrencies, cannot be deceived again that this world continues to grow, science continues to grow, our social life also continues to grow and cryptocurrencies are proof that our economic and financial systems are growing. so, even though Banks now reject cryptocurrencies I am sure that in the future they will use cryptocurrencies..

[snatoshi]

Banks are experiencing right now with blockchain and cryptocurrencies. Mostly with consensus algorithms like the one Ripple and Stellar has. It's matter of time they will implement this technology for avoiding double spending issues. There are numerous startups trying to integrate blockchain now with the financial world and when this finally happens, we can be witnesses of the most impressive growth of the blockchain industry will have 

[Maymun_lavigne]

I don't know where you see banks that are kind, but where I live, banks don't just fight Bitcoin, they push hard and down on the government to ban everything related to cryptocurrency. Although banks use Blockchain as a technology to improve their financial infrastructure, they still ignore Bitcoin. But I think electronic money is still a big threat to bankers. They were all surprised by the development of electronic money which had grown rapidly in the past few months. There are hundreds of ICOs and big fluctuations in big electronic money like Bitcoin.

[clickerz]

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 do not believe as well because crypto currencies could lead to additional income of the banking institutions. The banks may offer cryptos as their product they would just need to strategize on how the banking industry would embrace and cope up with the crypto market.

I agree with you here, and now even banks are studying this blockchain technology on how they can utilized this and incorporate in their system. I think there are more banks that are studying and open on ideas  on cryptocurrency and its a matter of time that they can come out their rulings.

[Muheng]

in my opinion, banks are not completely hostile to cryptocurrency, sometimes when I exchange my bitcoin into domestic currency, I use bank services, and I'm sure the bank will be happy if we use their services because banks can get administrative fees

[ribowo76]

Until now, it seems that no bank actually accepts bitcoin as a tool for payment transactions. I don't know what the reason is. Or maybe the bank does not want to leave the conventional financial system, or there are other reasons?

[maemunah]

of course that and to the extent the bank will always oppose bitcoin because the bank is afraid that if there is bitcoin the bank will be competitive and afraid too if its customers move to bitcoin, because bitcoin is a very promising investment place for the future of all of us too

[thaliaand]

I don't think it will always be. Maybe for now. Inevitably there are pros and cons in the revolutionary process, in this case, the financial system related to banking. In my opinion, the problem now is the government, which is as if banks are rejecting the presence of crypto currencies. I think it is only natural that in every government in various parts of the world it seems to treat the presence of the crypto currencies. But I believe that will be temporarily, given the importance of regulation in applying it to the banking system in a country. The point is, the government is not ready yet, especially in terms of regulation.

[TontomHit]

Banks can not make decisions very efficiently IMO, and accepting crypto is such a big step, that it probably won't happen from one day to another. Especially now, when the regulations are so hazy yet.

[Morning honor]

Banks are always threatened by digital money such as electronic system of transaction, it is because in banks the small player or depositor are only accepting small interest in every month, but in cryptocurrency if you had enough money to buy tokens you can earned or gaining more profit after the projects done so lots of investors wanted to invest in crypto than the banks..

[iamaruf]

Bank will always be against cryptocurrency and I believe that.If people start using cryptocurrency they will not store there money in bank they will keep there money in crypto.Because bank have some rules which people hate.If people start using crypto then bank can not make profit.