Banks will always be against cryptocurrencies?

[Ethan Argu]

Yes its always against in bitcoin they controlled by some powerful political person they will against because there are some bad effects to thier sector. Many people will refuse to invest on bank theybwill much interest in crypto because we can see the interest is high unlike banks.

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[rodskee]

Seem banking industry aren't agaist into digital vritual cryptocurrency
Why first of all i use my local wallet to transfer my bitcoin into my bank to convert into fiat miney
I think some bank well understood the importance of cryptocurrency and not a threat to them

[KofiAdepa]

Absolutely, they are not really against it since for how long will they be against it. Just that most banks are now realizing the power of cryptocurrencies and for that matter they are trying their possible best incorporate their technology in order to provide better services to it members. Very soon you will see them providing crypto services.   

[ayesha703]

Electronic cash continues to be a giant threat to bankers. All of them were stunned by the fast overwhelming of the electronic cash world has been growing apace within the past few months. There square measure many ICOs and major fluctuations within the massive electronic cash like Bitcoin and Ethereum.

I think it's wrong if a bank is against cryptocurrency, cryptocurrency is extremely auxiliary in transactions... as a result of this can be electronic cash that's helpful for the long run... I feel the bank can sometimes receive cryptocurrency in their business...

[enogheghase123]

this is because the banking system will always want to dominate the financial sector, but with the emergence of cryptocurrency, the banking system has viewed it as not just a competitor but a potential threat to it relevance, this is why the banking sector will always see crypto as a threat. but in order to stay relevance, i think the wisest decision for the banking sector is to adopt cryptocurrency else face total obsolete from the financial world.

[gokudera]

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 in the first place banks and crypto currency has the same in some purpose like stroring and investing money. In the market or as a competition in business you must take down your opponent by your advantage but the scenario of banks and crypto, crypto slightly introducing itself to the market but as what it takes to be banks suddenly opposing to it to stay in the society.

[Violettochka]

No, I don't think so. I guess that one day banks will issue their own cryptocurrencies or they will just start working like exchanges/wallet providers maybe.

[marine4u]

Instead of fighting against cryptocurrency, I think banks should carefully explore the advantages of crypto and the blockchain technology that can be used to improve the increasingly outdated banking system. There are many banks that have adopted blockchain technology and it is showing very good results.

[Yatsan]

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.

Some are not disagreeing instead they are adapting it as a financing system.  Some arw totally agaisnt because that is what the government told them, banks are under government facilities so its not new knowing that some are against to it. I see blockchain as the future of financing, nontheless i know we are heading into that kind of system.

[gesdan]

yes bitcoin not always against bitcoin, why? right now we know that blockchain is the good system right? and the fact is there are many banks that learn about blockchain system, and it looks that they not against bitcoin right? 

[PlusOne88]

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.

I don't think they will be against it because the technology is good and more profitable for them. Consider that in cryptocurrency the transactions doesn't have to be manual and no employee would be attending during the processing which means they can cater to more clients with low human resource to attend to. This is a great advantage for the banks. Second clients can become global so banks can have a wider scope. So I really think they will really use the tachnology for their advantage.

[lebron]

I do not see the reason why banks would and should be against cryptocurrency.With the technological advancement, i see they rather integrating the cryptosystem into their work . There should be more crypto ATMs and banks too.

[thenameisjay]

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 am a bit 50/50 on this matter. Some banks are still against bitcoins but some are already accepting bitcoins on a trade for fiat money. I think it will be a smart move for banks to accept bitcoins. They could tax the exchange and earn from it thus promoting more and more banks to do the same.

[budi691]

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.

that's good hope. almost all cryptocurrency followers crave this, where banks can run well with crypto. 
we just wait, hopefully this can be realized 

[iMark]

I do not see the reason why banks would and should be against cryptocurrency.With the technological advancement, i see they rather integrating the cryptosystem into their work . There should be more crypto ATMs and banks too.

because cryptocurrency threatens the existence of banks, let alone a decentralized system differs 360 degrees from the bank system? of course that is what makes banks against crypto, because it is very possible that people will prefer decentralization more freely than the bank system

[Harkorede]

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.

should that happen, It definitely would be a huge win win for both the banking industries and crypto adopters, As It would make the use of fiat to crypto and vice versa easier and perhaps more transparent(without need a third party exchange) than it currently is. It will also drive crypto further to its initial goal of being widely and generally accepted as means of transaction between all of firms.

[traderethereum]

I do not see the reason why banks would and should be against cryptocurrency.With the technological advancement, i see they rather integrating the cryptosystem into their work . There should be more crypto ATMs and banks too.

Maybe the banks are prepared to integrate their system to the cryptocurrency, and if it's final, they will release the good news to the public so the crypto can reach more people. I am sure that there will be many ATM installed in many places so we don't have to get a problem when we want to convert the bitcoin to local fiat, and we can directly buy something with bitcoin.

[warning_btc]

Cryptocurrency weak in security aspects.
Banks cant integrate system which can be hacked by some one, and this funds lost forever. I am sure this is the biggest problem on the way

[senin]

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.

Yes, it will. As the states legalize cryptocurrency, banks will take steps to include cryptocurrency in the list of services they provide. Of course, the most common will be the services of buying and selling and exchanging cryptocurrency, the rest of the services will be provided depending on the general attitude of the state to it and the desire of banks. However, I do not think that state-owned banks will widely provide other types of cryptocurrency services.

[iv4n]

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.

Yes, it will. As the states legalize cryptocurrency, banks will take steps to include cryptocurrency in the list of services they provide. Of course, the most common will be the services of buying and selling and exchanging cryptocurrency, the rest of the services will be provided depending on the general attitude of the state to it and the desire of banks. However, I do not think that state-owned banks will widely provide other types of cryptocurrency services.

Great comment, banks wouldn't be where they are if they don't have ability to adapt to new circumstances. They have money and they can change themselves in order to continue to make profit with their huge capital. Of course some bank can fail if management is bad.
Banks aren't the only ones who needs to change in order to adapt to new technologies, it's the task that waits many companies. I believe it's all in peoples minds, the ones who are ready for the changes they will be just finez the ones who aren't with sink in the past. Nothing new, that's happened many times in the past.