Banks against the crypto

[imstillthebest]

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 am certain banks will have to adopt to the current crypto sentiment. That is the only way for them to be able to remain relevant in the coming years.

Banks wont become irelevant in the future just because of the domination of cryptocurrencies  . still there people who will continue to use banks because they cant possibly keep up with the latest trend  . though i also believe that other banks will teamed up with crypto because they are also aware that people are demanding for it  .

@Theentre no bro , banks wont disapear because of cryptos . do you think crypto will live without banks ?  How can we then withdrew a cash/money ?  crypto will be totally useless  imo 

[upsidedown75]

Banks do require a lot more stuff than bitcoin transactions when you send or receive money so you are basically putting banks livelihood in danger when you do something like this. Bitcoin is out there making a global payment system all by itself just by existing and banks are afraid the fact that they can't charge 3% or whatever they are charging today for global money sending, you think it actually costs them that much? Heck no, but they can do that.

You keep your money in your bank account and in many countries bank charge you for just HAVING money on your bank account, that is why they are so much afraid of bitcoin, it allows you to be your own bank. The only difference and why banks are not completely done yet is the fact that you do not go around and live only on bitcoin yet, you still need fiat to live and pay for many things, as soon as you can pay everything with bitcoin it will be a hard time for all banks.

[Apes]

Bank functions can almost be said to be replaced by cryptocurrency transactions. but I believe that the bank will continue to operate even though the crypto has replaced fiat. because the function of the bank is very central as public and state finances manage. banks will continue to operate even though the currency has been transformed into digital. there are times when we need third parties who can be trusted to serve financial services not always person to person transaction.

[Commitments]

How ever if bank against with crypto we have help each other to get point for connection between bank and bitcoin, without bank support we can't withdraw our money to bank and make bitcoin become cash money.

[Vaculin]

Bank functions can almost be said to be replaced by cryptocurrency transactions. but I believe that the bank will continue to operate even though the crypto has replaced fiat. because the function of the bank is very central as public and state finances manage. banks will continue to operate even though the currency has been transformed into digital. there are times when we need third parties who can be trusted to serve financial services not always person to person transaction.

Crypt maybe faster but people trust banks more than crypto.
Banks are operating and they are a business of trust, no matter how advance the decentralized is, we can never get the people who already trust the system. Most of the crypto enthusiast are the young ones, the old ones does not want complicated things like crypto, so we will loss.

We need bank to work with crypto or vise versa, we don't need to battle and replace them.

[brotherwood12]

bank rightnow really have power to "take down" bitcoin itself , its just depend on the people what they are really choose between bank or cryptocurrency

[Vaskiy]

Bank functions can almost be said to be replaced by cryptocurrency transactions. but I believe that the bank will continue to operate even though the crypto has replaced fiat. because the function of the bank is very central as public and state finances manage. banks will continue to operate even though the currency has been transformed into digital. there are times when we need third parties who can be trusted to serve financial services not always person to person transaction.

Crypt maybe faster but people trust banks more than crypto.
Banks are operating and they are a business of trust, no matter how advance the decentralized is, we can never get the people who already trust the system. Most of the crypto enthusiast are the young ones, the old ones does not want complicated things like crypto, so we will loss.

We need bank to work with crypto or vise versa, we don't need to battle and replace them.

At any point it won't get replaced as well. Bitcoin is all about the technology backed solution for fastest transaction access around the globe without any kind of restrictions. With bank we've got limits on transaction beyond which lots of paper works need to be done. Banks are the much trusted due to its physical presence and people are much used to it. To experience such scenario with bitcoin we need more and more years. Probably both gets integrated at some point for usage and not in value.

[sfr2017]

The bankers are worried that the rate at which crypto market is growing will have a serious impact on their operation and many  banks have banned their customers from purchasing cryptocurrency with their credit cards. cryptocurrencies are rapidly growing and using of blockchain many banks Now are investing in cryptocurrencies.

[PlusOne88]

I think it is still as hard as a rock to get banks out of the equation. If you would be looking at the ICOses you will see that even cryptocurrency had for itself a version of cryptocurrency bank. I would not be in doubt if banks will probably incorporate the blockchain to keep everything in touch with what is new. It's business and business works in that manner. They would often go where the wind is or where the trend is leading.

[gowobonyok]

I think Crypto won't reach the bank. banks will remain the main in the country as a storage of the country's currency. whereas crypto has a global exchange rate and is decentralized, I think it will also be the same in its current position until the future.

[michellee]

bank rightnow really have power to "take down" bitcoin itself , its just depend on the people what they are really choose between bank or cryptocurrency

I think for people who don't know about bitcoin, they will prefer to use the banks. But for people who know bitcoin, they will prefer bitcoin although they still use the banks. But I don't think that the banks against the crypto because I am sure that they still learning how the process of blockchain can give an easy way to them. And if someday they believe in bitcoin too, I am sure that they will be integrated with the blockchain and when it's happening, the adoption in the banks will running well.

[mirawantirinjana]

no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.

[Lpim01]

no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.

Wide adoption of cryptocurrencies doesn't mean that we are competing into banking system or in vice versa. Of course, banks will still remains to have a big role in the community where we can rely in terms of storing our money for safe keep.
Even that, banks have also its pursuance to accept crypto  as some banks are doing sponsorship to run ICO that reflected into their personal coins.

[yvesp110]

no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.

I am not agree with you because there are people in the modern age world who are spreading crypto currency faster day by day, and the reality is crypto currency has more value and importance than bank system it is safe to keep our money in crypto currency it rises and makes profit, but storing money in bank is only waste of opportunity.

[Bezobraznike]

no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.

I am not agree with you because there are people in the modern age world who are spreading crypto currency faster day by day, and the reality is crypto currency has more value and importance than bank system it is safe to keep our money in crypto currency it rises and makes profit, but storing money in bank is only waste of opportunity.

    I lost trust in banks and I`m close to a 40 years. Many younger people already hate banks, older population
trust in banks a lot. Now I find that Blockchain is much more trustworthy than any bank in the world.
   Young generations see what banks are doing. They wish to be a bank for themselves. That is what Blockchain
can provide.

[sijonru]

The bankers are worried that the rate at which crypto market is growing will have a serious impact on their operation and many  banks have banned their customers from purchasing cryptocurrency with their credit cards. cryptocurrencies are rapidly growing and using of blockchain many banks Now are investing in cryptocurrencies.

Banks are afraid that their fortune will decrease if all bank customers switch to using crypto money, because crypto is a transaction system that is peer to peer so it does not use bank services.
Therefore they will protect their business systems so that they can hamper the progress of the crypto that is progressing because they are aware that crypto is very dangerous for banks in the future.

[breathlessz]

no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.

I am not agree with you because there are people in the modern age world who are spreading crypto currency faster day by day, and the reality is crypto currency has more value and importance than bank system it is safe to keep our money in crypto currency it rises and makes profit, but storing money in bank is only waste of opportunity.

    I lost trust in banks and I`m close to a 40 years. Many younger people already hate banks, older population
trust in banks a lot. Now I find that Blockchain is much more trustworthy than any bank in the world.
   Young generations see what banks are doing. They wish to be a bank for themselves. That is what Blockchain
can provide.

I think banks only carry out their duties in accordance with regulations made by the government. I think all policies come from the government. although the blockchain is high technology, but without the presence of the government, I think it becomes less than optimal

[playboy654]

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?

the point that you are mentioned in second point will be apt for currency because cryptocurrencies are not against anything and banks also not against the cryptocurrency we need some adjustments if it happens then all the things are going very properly it will be very good for the future also.

[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?

the point that you are mentioned in second point will be apt for currency because cryptocurrencies are not against anything and banks also not against the cryptocurrency we need some adjustments if it happens then all the things are going very properly it will be very good for the future also.

Both crypto and banks are going to be under one governing body, which is the government.
With that, we are all obliged to follow the rules, otherwise we will face the consequences, crypto is good because it introduce blockchain to the world and if banks are against crypto, they would have not use the blockchain or adopt with crypto.

I'm we can see some news that some banks have allience with some coins in the market, for example, a bank have alliance with XRP and ETH.

[YinShuiSiYuan]

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 will certainly adapt to the changing situation. They are already working on solutions that are beneficial for them. I do not think that cryptocurrencies could lead to the disappearance of banks. They are too small a part of global economy to threaten the importance of banks.