Banks against the crypto

[cramcram21]

We don't know what will happens in the future.
banks may be closed down because of  Bitcoin or they can be combined. Have you watch the movie Crypto? It is very interesting and you will also think about this topic.

[Abiky]

Nobody really knows the future of the financial industry but the world is developing at a faster rate and many people are starting to appreciate the use of crypto currencies in their transaction.
However the banking is sector still holds majority of transaction of the world but in future cryptocurrencies may take over.

It's no secret that we're becoming interconnected each day. Technology gives us the power to control the future direction of our lives in many ways possible. Knowing that for the first time in history people is able to take back control of their money, is one step ahead towards sovereignty. This all came into reality after Bitcoin's inception back in 2009. Now that Banks know how powerful Blockchain and crypto are, they've devised ways to distract the public from using crypto at all.

On the other hand, some governments have followed suit trying to prevent the growth of cryptocurrencies and Blockchain in general. But, I believe that it's too late now, since Bitcoin and other cryptocurrencies have grown to astronomical levels in terms of user adoption and price. Now Banks and governments worldwide have been working together in order to grasp Blockchain technology for their own benefit. With recent Ripple partnerships, IBM's newly developed World Wire payments network, and the emergence of stablecoins, Banks will become highly dominant in the financial industry (as it has always been).

Nonetheless, Banks and cryptocurrencies will experience discord among them for a very long time. Just my opinion

[Commitments]

Bank try for stopping how bitcoin and altcoin is drop and make investor keep hold their money in bank and keep away for holding in bitcoin or altcoin as their asset, we know why bank against for bitcoin and altcoin e currency.

[bison]

Bank try for stopping how bitcoin and altcoin is drop and make investor keep hold their money in bank and keep away for holding in bitcoin or altcoin as their asset, we know why bank against for bitcoin and altcoin e currency.

I think the bank is only afraid when its customers leave the bank and choose to save money or assets in the form of cryptocurrency or digital currency so that when that happens the bank will go bankrupt and no one will use the bank to transact or save money.

[rachellee]

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?

If banks do not want to be left out, they have to adjust to crypto thing, whether they like it or else. They need to find a way to embrace it, so as not to be out of the picture. The call for decentralization in the financial sphere is so loud, and crypto is the answer, and this fact poses much threats to the banking system. Definitely, when this happens, they lose power of our resources, and we all know that that's where they earn.

[rijaljun]

I think bank is way impossible to be disappear but it's possible to replace the current centralized system with the decentralized ones. In the new system (decentralized) banker will be less able to do frauds to their cutomers as everything can be tracked. However, high volatility of cryptocurrencies is one of the several problems regarding this.

[dentolas]

As much as I hate banks, they are already adjusting... so it seems they are not going away, at least easily...
there are a lot of news about banks starting to develop blockchain applications and in some cases, testing crypto use... I think this will be a matter of time, at the moment they are betting on FUD and accumulation, and then the next step will be adoption, but I think it will be a kind of adoption in which they dictate the rules...
The system can easily fight back, for example, creating national cryptos controlled by governments...
and people will use what they are told to use
so we walk on a fine line, and all these people comming into crypto looking after quick cash and doing nothing, they all should be worried in building something solid and don't allow crypto space to turn into the same shitty system we have on the outside

[popolite11]

We don't know what will happens in the future.
banks may be closed down because of  Bitcoin or they can be combined. Have you watch the movie Crypto? It is very interesting and you will also think about this topic.

[Vishnu.Reang]

I live in India, and the state of cryptocurrency is really very poor here. Many prominent crypto exchanges like ZEBPAY has shut down here a year back, the reserve bank of India has made it very difficult for the buyers and sellers like me to trade in cryptos.

Here is an article from today morning which I was reading about cryptos  - https://economictimes.indiatimes.com/news/economy/policy/government-department-discuss-draft-bill-to-ban-cryptocurrencies/articleshow/69048480.cms

I think even if some countries are in favour of it and are growing the economy fast, in India and many such countries the state of crypto is really bad and banks governments and the whole economic system is against cryptos. the road ahead is very tough man.

I am also an Indian citizen and I saw this coming long back. Indians have a tendency to misuse technological innovations. Bitcoin was heavily used during the demonetization (in 2016) to store black money. Also, there are reports of urban users purchasing contraband from the dark market websites, after making payments with Bitcoin. But the Indian government is too stupid to understand that it is not technically possible to ban crypto. It is not like banning a certain website or suspending the bank account of someone.

[geegaw]

Bank try for stopping how bitcoin and altcoin is drop and make investor keep hold their money in bank and keep away for holding in bitcoin or altcoin as their asset, we know why bank against for bitcoin and altcoin e currency.

I think the bank is only afraid when its customers leave the bank and choose to save money or assets in the form of cryptocurrency or digital currency so that when that happens the bank will go bankrupt and no one will use the bank to transact or save money.

The story you are imagining is really interesting but I do not believe that the bank is afraid of the appearance and development of crypto because the purpose of users for crypto is to invest and develop their assets, while the purpose of everyone for the bank is to store. Although crypto can still be a place to store but safety is too low, so there is no reason for banks to be scared when crypto and them are two different areas and have different advantages, Bank against crypto is just a rumor from many different sources of information, the fact that the bank does not have a strong or official action

[Best Dreams]

Nobody really knows the future of the financial industry but the world is developing at a faster rate and many people are starting to appreciate the use of crypto currencies in their transaction.
However the banking is sector still holds majority of transaction of the world but in future cryptocurrencies may take over.

For me even now crypto currency has taken the place of banks because now use of banks is almost reduced and people are using to invest higher, we only need to see how much banks are interested in accepting blockchain technology, because blockchain is the other best feature of crypto currency, but banks are losing value now.

[Tylev]

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?

With the advent of cryptocurrency, banks have nothing to fear. They do not even need to adapt. It will be profitable for them to exchange between a cryptocurrency and a common currency and have their own commissions from it. They will provide other services in cryptocurrency only if it is economically advantageous to them. Cryptocurrency banks can not significantly harm. She will take a bit of profit from the banks, as some people will use the cryptocurrency in some cases. However, the cryptocurrency can not perform the functions of banks. The powers of banks are much broader and there is work for them.

[1BTC EQUALS 1CAR]

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 banks can still adjust to favor the cryptocurrency need of the people in the future but they will no longer remain in power. I don't think banks will disappear just like that because there are still people who are old fashioned like the old billionaires or millionaires.

[Hotel_Prodeo]

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 banks can still adjust to favor the cryptocurrency need of the people in the future but they will no longer remain in power. I don't think banks will disappear just like that because there are still people who are old fashioned like the old billionaires or millionaires.

Makes sense, everyone won't think of technology until now because many people still don't understand internet networks in some areas of the earth. they still believe in paper and coin.

In my opinion the biggest factor is the government that is banned crypto, as we know that currently there are too many countries that are afraid of the development of bitcoin so banned by bitcoin and crypto.

[Kuchiyose]

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 banks can still adjust to favor the cryptocurrency need of the people in the future but they will no longer remain in power. I don't think banks will disappear just like that because there are still people who are old fashioned like the old billionaires or millionaires.

Makes sense, everyone won't think of technology until now because many people still don't understand internet networks in some areas of the earth. they still believe in paper and coin.

In my opinion the biggest factor is the government that is banned crypto, as we know that currently there are too many countries that are afraid of the development of bitcoin so banned by bitcoin and crypto.

That fear makes a big loss from a country because unpredictable prices create anxieties to the government and fear of future losses.

[Natalim]

That fear makes a big loss from a country because unpredictable prices create anxieties to the government and fear of future losses.

The government can also regulate the market and the price volatility will be reduce.
It's its nature that it's unpredictable, its because people are trading and the demand will increase or decrease, but with regulation, price manipulation will be eliminated.

[Akonobea]

The banks are against crypto because they fear the use of cryptocurrencies to make transactions if approved can make the existence of banks useless. Only the future can't tell so let's wait and see.

[doomistake]

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?

Fiat is a very old currency, and cryptocurrency is the future, so when that time comes, that fiat will become priceless because of cryptocurrencies, then we don't need banks. All of the transactions that we are going to have will be faster than ever, it will save more time, energy, and effort unlike using fiat. We could buy anything we want all over the world without using credit cards, debit cards and so on, we are just going to lose it.

We have our Bitcoin wallet, our Nano Ledger, our Hardware wallet which we trusted the most. We don't need physical coins, we need virtual ones, so we could keep it safe from snatchers in the streets, we want to change the future.

[Harith65]

the bank doing many thing against bitcoin but the case is bitcoin are rising and falling but still strong. bank are use money but no one can trading in bank. people can trade money by using bitcoin as well as income is increasing. it is easy to trade bitcoin. by today most of the countries use bitcoin for their services and goods. therefor bitcoin is easier than using real money in bank. bank can stand against bitcoin in future

[reality18]

The banks are against crypto because the decentralized nature of crypto goes contrary to the centralized nature of the banks. Decentralization takes the power back to the people hence make them assume full control over their finances and all related transactions. The banks fear when the people begin to understand the truth and significance of crypto, there will be a shifted attention from patronizing banking services to crypto.