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Author Topic: Banks will always be against cryptocurrencies?  (Read 2836 times)
thuyvy2207
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October 13, 2018, 08:56:44 PM
Last edit: October 13, 2018, 09:12:30 PM by thuyvy2207
 #361

I think never, because Bitcoin is considered a payment and has a high number of users. I see some banks have recognized the blockchain technology and applied it in their bank. That is the reason make banks will accept for the common good.

kolsernik
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October 13, 2018, 10:38:57 PM
 #362

The principle of operation of any Bank is to make a profit.What does the Bank produce?- bread, metal, computers?Of course not.Their meaning lies in the fact that it is cheaper to buy and more expensive to sell.The Bank does not care with what instruments to do it.Fiat money or cryptocurrency-absolutely no difference.And at the expense of the blockchain technology, now this technology is being introduced in all areas, and banks are no exception.
timmydakolo2
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October 13, 2018, 10:39:08 PM
 #363

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 have been against Cryptocurrency right from the day one it came to existence, because they will never get anything from it since it's Decentralized and with the fear it will really over thrown.
CASTIEL05
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October 13, 2018, 10:49:36 PM
 #364

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 will support your opinion! Banks aren't need to compete with cryptocurrency because it is an institution that monetize the currency. Cryptocurrency will help us to store, pay and transact using P2P services. But banks are responsible for balancing the wealth of economy. Hence, we need bank.

Zaibraid
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October 13, 2018, 11:01:33 PM
 #365

In my opinion, don't be too assessing the bank's ugliness.
How many businesses have been helped thanks to the bank when capital is used while opportunities are large and limited? Although they also know the above even know more about us about the bank's own ugliness.
and also remember that banks are service units under state law. That means our assets stored there also have guarantees under the law.
If it is a cryptocurrency asset stored on the exchange or an online wallet, who guarantees and is responsible for its security?
the state has not guaranteed risk yet.

Payme21
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October 13, 2018, 11:02:35 PM
 #366

I think banks will find a way of incorperating crypto into their financial system because they are curiously watching the trend and wouldnt want to loose out because most people with time will want to convert their fiat into cryto because of its decentralized nature

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October 13, 2018, 11:27:34 PM
 #367

I don't believe the banks are going to be against cryptocurrencies for ever. It might even get to a time when the banks too will be jostling for cryptocurrency services. That time is surely coming.
mutrang23
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October 13, 2018, 11:32:51 PM
 #368

Banks are finding that Cryptocurrency is becoming a significant threat to them. Many banks have been trying to link up with governments to issue bans aimed at restricting its development. But do not worry Banks are accepting Cryptocurrency and legalizing it.
Aryadwipanggah
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October 13, 2018, 11:35:58 PM
 #369

I think the bank will continue to oppose the cryptocurrency even though there are some banks that adopt blockchain as a customer data store, but in general they continue to oppose cryptocurrency because when bank customers choose to invest in cryptocurrency the bank will automatically decrease the number of customers
xbiv2
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October 13, 2018, 11:41:50 PM
 #370

Quote
Banks will always be against cryptocurrencies?
Banks dont care, they just want money.
Ineternational money transfer systems is against Bitcoin.

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October 13, 2018, 11:43:20 PM
 #371

i think bank have their way to use bitcoin as currency. maybe they use crypto too, investing in bitcoin. you know that many country legalize bitcoin, it mean they ready to take risk, and ready take profit.
i hope, ico that have platform like bank will always exist so they can be partner with real bank

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October 14, 2018, 12:27:31 AM
 #372

Yes, banks are trying to incorporate blockchain technology into their banks. This is justified and necessary as the world becomes more modern and virtual currency is becoming more and more popular. Instead of fighting the crypto, they choose the method of accepting it and they will receive a lot of financial gain
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October 14, 2018, 12:30:18 AM
 #373

With the increase trend of the Blockchain technology and cryptocurrency, the attention and interest of the people are gradually drawing to crypto. This will definitely lead the banks with no choice than to integrate Blockchain into their services in order to continue winning the interest of the people.

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Bitfling
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October 14, 2018, 02:13:43 AM
 #374

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 believe banks is want to find a way to take benefits from cryptocurrency. Banks can not againts cryptocurrency because crypto is base on community. Banks have much experience in financial system and they always find a way to survive and take benefits from any situation
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October 14, 2018, 02:19:41 AM
 #375

Yes, definitely banks will always be against Bitcoin and cryptocurrencies because cryptocurrencies are decentralized and never need a bank or third party for any transaction, Bitcoin and crypto are threat to the banking and other financial systems, banks might be erase because of Bitcoin, it's just a predictions but it might happen soon.

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WebTera
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October 14, 2018, 08:06:01 PM
 #376

I hope that in the future banks will accept cryptocurrency and will carry out part of monetary operations with it. I think this will greatly protect and simplify the banking system.
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October 14, 2018, 08:17:59 PM
 #377

we know that at the moment competition is very tight, everything must be renewed, and I think this reason is why Banks will continue to against cryptocurrencies, they are afraid that in the future people will prefer cryptocurrencies so their business closes. I thought if they could use cryptocurrency it would be very good for the future of their bank. I hope they (Banks) realize quickly.
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October 14, 2018, 08:18:17 PM
 #378

Now cryptocurrency is developing more and more, its use is becoming more popular. Therefore, over time, many banks will be forced to at least partially switch to blockchain. But I don't see it as a threat to the Bank.

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October 14, 2018, 08:21:39 PM
 #379

I think that if a certain state allows the functioning of the cryptocurrency on its territory, the banks will have nothing left but to start using the cryptocurrency. Moreover, it is very convenient and do not be afraid of it.

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October 14, 2018, 09:44:32 PM
 #380

The banks will push hard against bitcoin until they find ways to profit from it without exposing themselves to to high levels of risk-then they will start to trade bitcoin very quietly at first. Banks exist to make money and if they think they can make money they will adopt bitcoin etc. But the banks certainly don't want the public to get in on the action.

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