Banks against the crypto

[kakonhat]

Maybe Bank afraid cryptocurrency because of they are thinking, Cryptocurrency could be alternative of Banks. But I think Banks and cryptocurrency could work together for the economy. Banks also can use blockchain to improve their system. If they do the work together then economic growth could be faster than now.

[1714809944]

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[sirminesalot]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

banks oppose crypto currencies if the government does not formalize or recognize if the crypto currency is a valid currency the bank will oppose it but maybe also the bank will adopt an economic system that is used by crypto currencies

[suzanne5223]

Maybe Bank afraid cryptocurrency because of they are thinking, Cryptocurrency could be alternative of Banks. But I think Banks and cryptocurrency could work together for the economy. Banks also can use blockchain to improve their system. If they do the work together then economic growth could be faster than now.

Banks are definitely afraid of crypto currency because they it affect their profit level and it will expose their flaw but with that aside there's no genuine reason why the banks should see crypto currency as obstacles or barrier because every part of the block chain system is full accountancy system which will ease and improve the productivity of banking system.

I believed this is why IMF Boss advice Central Bank to issue their own national crypto currency.

[hulla]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

banks oppose crypto currencies if the government does not formalize or recognize if the crypto currency is a valid currency the bank will oppose it but maybe also the bank will adopt an economic system that is used by crypto currencies

The banks were the first opposer  of crypto currency an example is what happened in Bangladesh and India  do you know how many time their government want allow the uses of crypto while the bank are against it. If the banks crypto currency as something good the government will dive in.

[Naida_BR]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

It is in our nature that we want someone to ask some pressure on us because otherwise chaos will be everywhere. I think that decentralization will be one part of the economy that will be used from a portion of people and banks will be used from those who want to. It is possible for both systems to co-exist and I think that it is the most effective way to have them both.

[avarnet]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

banks oppose crypto currencies if the government does not formalize or recognize if the crypto currency is a valid currency the bank will oppose it but maybe also the bank will adopt an economic system that is used by crypto currencies

The banks were the first opposer  of crypto currency an example is what happened in Bangladesh and India  do you know how many time their government want allow the uses of crypto while the bank are against it. If the banks crypto currency as something good the government will dive in.

it's true that the problem is that many banks in the world that prohibit the existence of crypto currency are made as a means of payment, so the bank is against crypto until now

[Kemarit]

Seriously, I really don't understand why people thinks that crypto will replace banks in the long run. And as much as we wanted to see banks disappear, it won't simply happen and I don't think it will. What crypto did was just offered a alternative for everyone, specially those unbank people or those who don't understand the concept of banks or doesn't really trust bank after all. So this whole debate or argument, bank vs crypto doesn't make any sense. there are pros/cons and everyone has the right to choose what system or service they wanted to stay.

[kkaroul4]

if the bank is against crypto, the problem is that the bank has not liked the existence of bitcoin and other crypto, but for the government it is willing to accept it well, but the bank is still banning crypto.

[icecube45]

Banks have full power in a country because they play a role in managing a country's finances. Indeed, the bank with crypto is very opposite and difficult to unite because in my opinion both of them are from different generations. Crypto will not make the bank disappear because the bank will always get support from the government. I am sure the bank will remain in power by adjusting the developments in crypto. The proof is that at this time banks are also participating in developing digital payments.

[Reid]

It will stay.

As we could see now they are also trying to adopt but just in a different way which is centralized tokens created by them to enhance the banking ease of their clients and also for speed.
Yes, they are also using the same method which is the blockchain but just for their own purpose which is the vice versa of bitcoin and other decentralized crypto currencies.
But even in 10 years we will still see those banks.

[adzino]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

As long as fiat currency exists, banks will also exist. That means, it will exist for a very long time. I do believe that crypto currency and fiat will be used side by side instead of fiat being replaced. To be honest, we need something more better to replace this fiat system. The banking system (at least for now) is very important and people are depended on it. So all I can say is the the banks will be able to adjust with the system and remain in power.

[shoreno]

if the bank is against crypto, the problem is that the bank has not liked the existence of bitcoin and other crypto

Yes thats why they against with it  . though not all banks are against crypto  , i see that most banks today are now supporting crypto because that what makes them more attractable to the people especially to the crypto users  .

but for the government it is willing to accept it well, but the bank is still banning crypto.

Government and banks are not related . so what if governments accept crypto ?  , banks will still have thier own right if they will accept crypto or not  .  here on our country the government is heart warmingly support crypto but not all banks support crypto . though i guess this can be corrected in the future if many banks would see the potential of crypto .

[hahay]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

No, we can see that now the bank continues to adjust the development of the era, which means crypto will not cause the bank to disappear. Decentralization is only those who are active in transactions, so they are constantly looking for ways to speed up transactions and crypto is what they need, but for ordinary people banking is what they believe to be used with all innovations and adjustments that the bank continues to develop.

[Finestream]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

No, we can see that now the bank continues to adjust the development of the era, which means crypto will not cause the bank to disappear. Decentralization is only those who are active in transactions, so they are constantly looking for ways to speed up transactions and crypto is what they need, but for ordinary people banking is what they believe to be used with all innovations and adjustments that the bank continues to develop.

Yes.Crypto is not really made to get rid of banks.Even if cryptocurrency will be legalized in different countries,i think banks will still remain.Even at the present there are already banks who have integrated fiat with crypto.It just means that banks will be able to adjust to the fast changing technology and for that,they will still continue to serve the people.

[Viscore]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

I don't know what would happen if this world is without bank.

I know crypto is decentralized, we can do banking without a bank, but it seems not possible for most of us.

What we want is a massive adoption for crypto to become mainstream, but the current world set up would not allow crypto
to operate without regulation, so just like banks we will also be regulated and we will see banks and crypto partners to make this payment system more convenient.

[horrifiedx1]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

No, we can see that now the bank continues to adjust the development of the era, which means crypto will not cause the bank to disappear. Decentralization is only those who are active in transactions, so they are constantly looking for ways to speed up transactions and crypto is what they need, but for ordinary people banking is what they believe to be used with all innovations and adjustments that the bank continues to develop.

Yes.Crypto is not really made to get rid of banks.Even if cryptocurrency will be legalized in different countries,i think banks will still remain.Even at the present there are already banks who have integrated fiat with crypto.It just means that banks will be able to adjust to the fast changing technology and for that,they will still continue to serve the people.

right, I don't think it's as extreme as that. of course the government will look for the right policies so that both can operate and support each other, because banks are supporters of the economy of a country

[rika0223]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

maybe the bank will fight crypto the country that is still banning crypto currencies and has not legalized the crypto currency as a possible currency in the future, the bank will adopt an economic system that will keep up with the times and technology

[CryptoHunter24]

Cryptocurrency can have partnership with banks, i never think that banks will disappear in the future, I just think possible partnerships might happen, and when this time come this will be great for everyone

[onecall123]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Bitcoin's development is progressively putting pressure on the banking system which is completely destructive sign for the banking system since it would tough for crypto to become mainstream. I am not sure, but I have strong feeling that this will lead awful picture on both. For me its look great if crypto and bank collaborate and shine their power!

[vintages]

Cryptocurrency can have partnership with banks, i never think that banks will disappear in the future, I just think possible partnerships might happen, and when this time come this will be great for everyone

Exactly! People need to step up and live in reality.  The bank can't go away. To say that the bank will disappear this means or saying that Fiat will disappear also and it's impossible! 
Just like we have exchanges where we sometimes store cryptos (not advisable though)  and trade cryptos, we have the bank.  They can only hope that the two works in hand.