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Author Topic: big banks going against crypto  (Read 864 times)
Nadziratel
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June 13, 2019, 12:15:09 PM
 #81

These are two opposing financial storage centers so there will be a sort of competition in these two games. I leave the rest to every individual on this earth to choose their side as we all have what we want and don'ts. It's very normal to see this big sides this way and we can choose where we want at any point in time.
We should not go against the banks due to obvious reasons. BTC and altcoins are not enough to fully replace a current banking system. It will be a big mistake to think like BTC transaction can handle all worldwide transactions. There is no mass adoption yet.
No one goes against banks, here it is stated about the big banks going against cryptocurrencies. Banks will always charge high on each and every transactions as well tries to keep the user funds under their control. At times on need of the user it wasn't able to withdraw, and the same has made people to go much on bitcoin. This has caused a big revenue loss to the big banks and it is the reason for big banks going against cryptocurrency.

No one is doing anything against the banks in this market, I agree. (Except Ripple, they are constantly trying to work with banks.) But many cryptocurrencies are inherently working against banks. In other words, what some projects want to achieve is interfering with the working area of banks.

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June 13, 2019, 05:28:19 PM
 #82

I think that the banking system will lose if it fully opposes cryptocurrency.  Smithy is raising owners of large banks who lose influence on their customers, and also they lose a significant portion of the profits that remain in the pockets or wallets of users of cryptocurrency.  But they will have to accept the fact that the real financial system of the world will exist in tandem with a cryptocurrency market.

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