Banks against the crypto

[Astvile]

This 2 things will work together in the future for sure,banks cant just disappear because of one asset created by unknown person with a cover name of satoshi nakamoto.If bitcoin become mainstream in the market bank can surely adjust to that situation and still overpower bitcoin

[1714751758]

1714751758

[1714751758]

1714751758

[1714751758]

1714751758

[1714751758]

1714751758

[leavolnhals]

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 think crypto will dominate the banks. or businesses in crypto will use blockchain technology to serve customers at cheap rates and classic banks will die. In short, in the future, banks must soon improve their money transfer service if they do not want to die.

[Abiky]

The decentralization might become popular in the future, but it will not replace the bank in the financial system.
Bank is very powerful, the fact that they create money and we have a bank which are govern and owned by the government, we are talking of their interest at risk here, so do you think they will allow the decentralization to take place and they will loss power? I don't think so.

Exactly. Banks are too big to fail. Despite that decentralization provides many benefits, it lacks the trust and backing of a custodian or financial institution with the means of protecting users' funds. The only reason why Banks have been against crypto in the first place, it's because crypto provides freedom to the people (not to mention that third parties are no longer needed on them). However, what Banks are not against is the underlying technology of most cryptocurrencies in existence.

This underlying technology known as the Blockchain, has become the biggest hit since it emerged. Given that Blockchain provides transparency, greater efficiency, and the ability to control who gets access to the network (if centralized), it has become very attractive for Banks worldwide. For this reason, Banks will not be going anywhere as they will embrace this revolutionary technology at its fullest. Not to mention, Banks still have the backing of governments worldwide.

Therefore, Banks will always be against crypto but not against Blockchain technology itself. Just my opinion

[cahbagus555]

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 think crypto will dominate the banks. or businesses in crypto will use blockchain technology to serve customers at cheap rates and classic banks will die. In short, in the future, banks must soon improve their money transfer service if they do not want to die.

But we should not forget that banks infrastructure is too big and can manipulate market. But if crypto growing more bigger and many project success deliver their product, i think banks will adopting cryptocurrency into their bussiness

[Barbut]

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 think crypto will dominate the banks. or businesses in crypto will use blockchain technology to serve customers at cheap rates and classic banks will die. In short, in the future, banks must soon improve their money transfer service if they do not want to die.

But we should not forget that banks infrastructure is too big and can manipulate market. But if crypto growing more bigger and many project success deliver their product, i think banks will adopting cryptocurrency into their bussiness

They are big, and taking them down will be a long process, good thing is that process started already. Banks are against cause crypto is ruining their business model, for many things now you dont need to use banks you can choose to use cryptocurrencies, and that my friend is taking a piece of cake from the banks, nobody likes when someone is taking a cake from them. I believe that banks will need to transform their business model if they wish to survive in this digital era.

[Naida_BR]

This 2 things will work together in the future for sure,banks cant just disappear because of one asset created by unknown person with a cover name of satoshi nakamoto.If bitcoin become mainstream in the market bank can surely adjust to that situation and still overpower bitcoin

If these two systems will work together then you should forget the free and open ecosystem that blockchains provide right now.
A combination of the two is going to bring big regulation and we will not be able to enjoy the freedom that exists in all the projects and the transactions that can be done with them.

[Kelvinid]

This 2 things will work together in the future for sure,banks cant just disappear because of one asset created by unknown person with a cover name of satoshi nakamoto.If bitcoin become mainstream in the market bank can surely adjust to that situation and still overpower bitcoin

If these two systems will work together then you should forget the free and open ecosystem that blockchains provide right now.
A combination of the two is going to bring big regulation and we will not be able to enjoy the freedom that exists in all the projects and the transactions that can be done with them.

IMO I don't see any problem with the correlation of banks and crypto. Cause with that particular moment  we eventually lifted out our wrong speculations that banks are competing against crypto which is not the intend to happen. This is also to understand that crypto is a different ecosystem and therefore we can't say that it will turning down banks in the future.

[moynul2050]

Decentralization is one system that tries to be applied in various fields. including financial transactions, but I believe this system will not erase or defeat the bank system that has been running for a long time. and Decentralization is not made for this.

[CandyIzDelicious]

In my opinion the bank will never disappear, because banks are very strong and have spread throughout the world, so even though cryptocurrency may be sophisticated, it still cannot eliminate banks.

[Duzter]

As an user stated the banking ecosystem and cryptocurrency ecosystem is completely different. Banks against the cryptocurrency is there, but the same doesn't mean that banks were with the intention to destruct the growth of cryptocurrency. At present some services weren't possible to be provided by banks, and the same will be fulfilled by cryptocurrency. Banks show opposition at times due to the loss faced due to the increasing usage. By now banks too have begun to adopt the technology to grow along with cryptocurrency.

[IParn]

It seems to me that even the era of cryptocurrency simply did not come.  And until the banks accept the cryptocurrency, there will be banks.  And this is neither good nor bad, this is normal.

[travwill]

It is much more profitable for banks to put cryptocurrency into their service, through centralization, otherwise they can really lose. Bank owners are extremely smart, cunning and enterprising people who are able to change the course of the game on the market.

[passwordnow]

It seems to me that even the era of cryptocurrency simply did not come.  And until the banks accept the cryptocurrency, there will be banks.  And this is neither good nor bad, this is normal.

The era has come and it is going. We don't even need the banks to accept cryptocurrency but time will come that they will announce it soon. Crypto's are unlikely to make the banks disappear because of the situation right now. But once the gov't starts to recognize that everyone can be his/her own bank, what's the sole purpose of banks? they can now determine that their main purpose is to keep on lending people and deposits will reduce on their part.

[Cherylstar86]

It is much more profitable for banks to put cryptocurrency into their service, through centralization, otherwise they can really lose. Bank owners are extremely smart, cunning and enterprising people who are able to change the course of the game on the market.

  For the meantime, some banks does not accept bitcoin due of protocol they have followed, but time will come and they will accept cryptocurrency for having a good collaboration in their field. Crypto was launched as a liable ecosystem that provides wealth in accommodate way. Yet the era is still running, maybe the two aspects can work together in different feature.

[Leoeco]

I think the role of the bank may change to another form but it will not be disappeared.

[reality18]

Not all the banks are against crypto. Some banks understand the advantages of crypto hence have integrated crypto services into their services. On the other hand, some banks do not like crypto because it cause a major disruption in their services. This is because when the people get to understand crypto, there will be no need for the banks - crypto gives financial satisfaction and financial freedom to the people through its decentralized nature and this make the people the in-charges of their own transactions without any third party involvement.

[MFahad]

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 true, banks have power and banks have power because of government give them, and crypto currency can't lead to disappear of banks. Actually in every country Government take decision and government can't disappear banks, that's why in few countries government not accept crypto currency. 

[Natalim]

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 true, banks have power and banks have power because of government give them, and crypto currency can't lead to disappear of banks. Actually in every country Government take decision and government can't disappear banks, that's why in few countries government not accept crypto currency. 

Bank has the privilege but does not have the power, only the government has because they are the one who creates law and implement.
Although banks are operating profitably and they are the largest in the industry of finance, they are still guided by the law created for them.
If they abuse their privilege, they will be penalize.

[Xampeuu]

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 true, banks have power and banks have power because of government give them, and crypto currency can't lead to disappear of banks. Actually in every country Government take decision and government can't disappear banks, that's why in few countries government not accept crypto currency. 

Bank has the privilege but does not have the power, only the government has because they are the one who creates law and implement.
Although banks are operating profitably and they are the largest in the industry of finance, they are still guided by the law created for them.
If they abuse their privilege, they will be penalize.

right, the government has the right to set policies, and I think the government will think hard to make a law on this matter. like in my country where crypto is planned to only enter the market, and not to transact

[playbtcgame]

Most banks are almost down due to cryptocurrency. I remember when I was told to make some verifications at the bank since they thought the money I came to put there wasn't mine so I didn't take to easy in withdrawing so since then,I haven't made any investment with banks.