Are Cryptobanks Future?

[Harpreetkaur]

Yes, I think bitcoin has a future, just because is viral in all over the world. And the another reason is due to famous and fame.. That, z why...

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[trakjis]

The prospects for the development of crypto bank are far from understood by everyone.
Thanks to the decentralized nature, crypto-banks provide unique solutions for users, which makes them stand out among their centralized competitors. The security and transparency benefits of blockchain technology are attracting a lot of attention. It is highly likely that crypto banks will be able to save their customers from having to verify their identity when contacting one of their branches. Therefore, many banks are interested in using this technology and making payments in digital currency. Crypto banks will create a system of secure transactions in real time. Innovative technologies and cryptocurrency are the money of the future.
As for the state regulation of a decentralized financial institution, it seems to me that this is inevitable. Not a single economically developed state will miss its control and management of cash in any form.

[Shadidalam1111]

Every banking system is depends on physical assets thus bitcoins is based on software system not physical assets.

[slocker]

Idea and concept are good but it could be good and promising only on paper, but like mentioned bitcoin is not physical. This is problem and this cannot be done for the moment. Maybe in one country as pilot program and to see how will it be. Maybe some bank will try to test it but think that eventually they will steal all those coins in the end.

[spike420211]

I think that with the advent of regulation, the “crypto relay race” may well be intercepted by banks, in view of the fact that they can become exactly those services
that will be fully subordinate to regulators and thereby be the first to provide the opportunity for users to interact with cryptocurrency within the framework of the regulation that will be.

[Shutup]

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

Its good to have a crypto banks so that we can keep our ssving there and easy to transact also because we can do it by using high technology government. We can do it easily in a quick transactions.That we can have the quick proccess  to all over the world.

[HatakeKakashi]

Cryptobanks are good because it help to the cryptocurrencg to get a lot of user or investors.

But even the cryptocbanks will not exist still okay because crypto already popular but I don't know how to operate just like a normal bamks who use fiat or the real money.  Cryptobanks need a lot of plan on how it works to not failed their operations.

[tadpole_bitfrog]

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

Yes, I totally agree with cryptocurrencies being the future of the financial system. As you can see, at CMC, they are full of Japanese stablecoins and euros and dollars.
And the payment has become more convenient than ever, it only takes a few seconds and does not have too many operations.
Convenient, fast things are often the future of a modern world, I always believe in that.

[marcbitcoins]

If you mean is to help the crypro market economic development then yes! Cryptobanks is a future too. If the fiat banks are proven safe and secured they why not having a Crypto bank that will make a crypto assets to become safe and secured too without mentioning the monthly crypto interest that crypto banks can give.

[Greed Dev]

Indeed, cryptocurrency banks have been present: MUGF, Credit Suisse, Barclays, ... they have existed, built and developed this system and the positive point in this system is the loss of High reliability in transactions, transparency and no commission. You really own and control your wallet no longer depends on the central bank. The reason I think this system has not been accepted is because it is not yet the reality of everyone, this is almost like the internet or social networks and especially cryptocurrencies no one thinks these things can happen, but it still happens because it's the future. Our future.

[coolcoinz]

If you mean is to help the crypro market economic development then yes! Cryptobanks is a future too. If the fiat banks are proven safe and secured they why not having a Crypto bank that will make a crypto assets to become safe and secured too without mentioning the monthly crypto interest that crypto banks can give.

The problem with this thinking is that crypto was made to remove banks. To allow us to be our own banks.
What is the purpose of banks? They hold your money for you so that you can feel safer in case your home burns or someone breaks in. You don't need such help with cryptocurrencies. They pay you interest. You don't need that with crypto which is deflationary and rises in value anyway and if that's not enough you can buy some POS coins and stake them.
Banks are a thing of the past and I don't see any advantages in having a crypto bank.

[abhiseshakana]

Yes, I totally agree with cryptocurrencies being the future of the financial system. As you can see, at CMC, they are full of Japanese stablecoins and euros and dollars.
And the payment has become more convenient than ever, it only takes a few seconds and does not have too many operations.
Convenient, fast things are often the future of a modern world, I always believe in that.

When we discuss Cryptocurrency and the banking system, let's review what the internet is doing with the mass media industry. The internet has made many newspapers and television industries lose prestige and even out of business. Technological progress is like a snowball rolling, getting bigger and can't be stopped unless we destroy the snowball.

Not all bank roles can be replaced by Blockchain. We take the example of the use of L/C in traditional cross-country trade. L/C is the safest payment model for sellers and buyers. The bank still needs a role to receive and verify the transaction. So Cryptobank will be needed to verify transactions for types of transactions that are not provided in the market place.

[Renampun]

To answer it shortly it's a yes. because, centralized banks and coins like xrp will exist in the future i think that form will balance the society.

true, XRP centralized coins are indeed created for the future of the BANK.

snip~

Why do we need a bank, a cryptobank if we can be the bank itself? That is the good thing about Bitcoin and crypto currencies, no one manipulates or control it the reason we will be able to hold it for ourselves. Also, putting a lot of crypto currencies in one place makes it more dangerous since hackers can find a way to attack it and that will be the worst.

from what I heard,
the original purpose of the cryptocurrency was to make all people their own BANK,
but this goal is very difficult to realize because the governments in each country will not let their citizens become their own BANK,
so CryptoBank is a way out so that the government can still control the people in their country,
for security issues, such as cybersecurity has continued to increase every day, nothing to worry about.

[Beparanf]

Cryptocurrency maybe accepted in all nation soon but it doesn't mean that it will be regulated in some banks specifically if government bank. There might be one bank that will push a blockchain system focusing as a bank but governments may not use it fully for the government projects. But it will be nice if government will use blockchain in their governance for transparency of the finances allocated.

[CHRISBIN702]

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

The answer to this would require a universally accepted definition of "cryptocurrency". Some would argue that a bank can't use a crypto currency because of the transparency and immutability of a blockchain. If you are referring to digital currencies and private chains, then yes, this is the inevitable future of the banking system.

[meliodas]

There is no need for cryptocurrency banks because the only feature that the people are concerned with the banks are the security of their money or cryptocurrency but with the hardware wallets and other type of secured wallet for cryptocurrency then it would be nonsense for people to use cryptocurrency banks since there is already a product that has its features with a one time payment type of investment.

[awik p]

Cryptocurrency maybe accepted in all nation soon but it doesn't mean that it will be regulated in some banks specifically if government bank. There might be one bank that will push a blockchain system focusing as a bank but governments may not use it fully for the government projects. But it will be nice if government will use blockchain in their governance for transparency of the finances allocated.

of course, by using the blockchain for government purposes, transparency will be maintained, so that people can participate in overseeing financial distribution, with a system like that I think will make government more advanced. besides that if the government gives freedom, I think it is the private banks that will appear first to develop this sector

[cutesgirl]

Why not have cryptobank at the future, with good system audit, unique way for saving and without have big problem just waiting when cryptobank are become legal, many benefit take by investor with cryptobank because they do not save money but in side way they are increase money by saving with cryptobank.

[jmigdlc99]

Whats the purpose of having a "cryptobank"?

As far as i know the purpose of crypto is to get away from banks and centralized control. The power of crypto lies in the fact that we can use financial products without the need for all the bureaucracy of banks and all the interest rates that they impose.

[Murat]

It's totally a different aspect, I am asking you why this CrypoBank is required? Do you feel the regulation on this system? Do you need a conventional maintaining system for this cryptocurrency platform? This current system is enough to carry out, you must consider that cryptocurrency will not bring any stability so if Bank will face a lot of crisis. Whatever it is, the Crypto banking system is not a good idea for me. Since the main criteria of the cryptocurrency platform are not centralization then the banking system will try to centralize it by the government rules and regulations and then people will lose their interest in this platform, there will be another mess like the conventional banking system and stocks. So Say No to Bank.