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Cryptocurrency Exchange Kraken was approved a bank licence in the USA state of Wyoming and is now officially a bank too that can run branches and financial services in this state. The name of the bank is Kraken Financial. This will help Kraken to: Have access to federal funds and payments Create banking and lending options Expand and add non-crypto assets for trading This was met with mixed reaction from the crypto community and a debate about the need of banks or not in the cryptocurrency world. What do you think about this and about banks in crypto. Will they help with adoption of cryptocurrencies or will they are not needed at all as bitcoin was created to cut the middle-man? Source: https://www.nasdaq.com/articles/kraken-becomes-first-crypto-exchange-to-become-a-us-bank-2020-09-16 and : https://www.theblockcrypto.com/post/77804/kraken-crypto-bank-launch-wyoming

What are your favorite crypto centric and/or crypto adjacent companies? I like the 0x platforms. I like steem, but feature and design wise it seems to be lagging. I'm looking at blockfi, nexus, Celsius, and cred for stable investments. I'm still trying to find an exchange I like, just using coinbase atm. Long term I'm trying to avoid KYC verification, so I want a list of companies for when I finally take the leap, until then everything is square and legal, so I'm looking for those too. Any rental/real estate companies use crypto? I haven't found a lot of developed crypto business beyond exchanges and loan investment companies. A few social media sites that barely rise above proof of concepts. What are your favorite crypto companies?

If you have noticed, there is something in particular with certain financial institutions in the world ..... They have not been able to block bitcoin at all, not even any cryptocurrency, which is why they try to get on their side to try to keep the titan still, although this does not help them much. Understand that when an enemy passes to your side it is because you know that your enemy is much more powerful than you, with more features; It is exactly what banks do with bitcoin, the regulations do not do so much damage that is why they are placed on your side although it does not imply that the fiats banks in a few years will already be simple history.

Banks have very poor technological means that they use to run their services, like the fact that you have to stand in a fallen to pay for bills school fees etc. It has been years since the establishment of banks and still there is very poor advancements. While Bitcoin Bitcoin has only been around for 10 years and it has already changed the lives of people and threatened the very presence of banks. Why do you still believe in these banks? they have nothing to offer anymore.

I see that as a very good news and sign of better things to follow in the cryptoworld in the year 2020. It's looking like the most advanced countries of the world are taking strategic positions in cryptoworld, whereas the third world and developing countries are busy chasing shadows, what a tragedy - will they ever learn? https://news.bitcoin.com/german-banks-authorized-to-store-and-sell-cryptocurrency-in-2020/

It is not a great secret that banks do not like cryptocurrency. Those of us who are involved in it and watch things closely know it is a threat to their very existence. For this reason, banks are doing whatever they can to cut people off from it. Andreas Antonopolous just had the ability to accept credit card payments on his website cut off by his payment processor because he accepts crypto on there (in addition to being one of the leading speaking proponents of it). Thus, we see companies involved in cryptocurrency receiving the same treatment as those involved in cannabis and adult entertainment. Banks across the globe are stopping people from buying cryptocurrency using their charge cards or bank accounts. This started in 2017 and keeps growing. Now, we see a bank in Denmark taking it to another level. This is one of Europe's 20 largest banks and it decided to bank all 30,000 employees from buying cryptocurrency. The bank claims that cryptocurrency is too risk for employees due to its unregulated and volatile nature. Nordea Bank even had their policy upheld in court. This means that the employees of that banks are banned from owning cryptocurrency. Of course, banks and politicians long maintained that Bitcoin and other cryptocurrency is used for illegal activities. While the true statistics reveal that only a small percentage of transactions are illegal in nature, this does not stop the rhetoric. I guess it ultimately comes down to the fact that Nordea, along with the other banks, does not like the competition when it comes to illegal activities. In the United States, fines to the banks since the last financial collapse exceeded $250 billion. Yet people believe that cryptocurrencies exist solely for illicit activities. The reality is banks are going to do whatever they can to keep their system in place. They have fared very well doing basically what they wanted while the regulators were always a few steps behind. Cryptocurrency gives people an option which enables them to opt out of the current system. Since it is still in its infancy, the banks have a small window which they can try to hold on. After that, the proverbial horse is out of the barn, never to return. Once there are hundreds of millions of people involved, there is no turning back.

Banks think they are going to get away with it when they are actually giving backing to the blockchain ecosystem which will somehow consume banks. The Santader bank gave a billionaire support this month to Blockchain being one of the important steps between the Bank-Blockchain relationship, but this does not mean or dignify that the banks are in control, no; they are already without a way out and understand that the technological revolution in terms of payments and transactional transactions refers to arrived, these movements like those of the Santander bank soon only a desperate movement to want to support a new system that you end up taking out of the financial monopoly in the future.

Cryptocurrencies seem to continue to thrive and expand in different parts of the world. Where the first real cryptocurrency bank was announced in India. Unicas, a joint venture between financial services firms Cahsaa and United Credit Co-operative Multi-Country, announced the launch of the world's first cryptocurrency banking branch in Jaipur, India.

What is the purpose of this? Lately the services that are considered as centralized within the economy, are being integrated into the world of cryptocurrencies, this can be seen on by the commercial associations that banks like Santander of Spain or the system of remittances MoneyGram have done with Ripple labs, the organization in charge of XRP or with the recent and controversial launch of the cryptocurrency purchase and sale service offered by Paypal. This is joined by the recent announcement issued by another Spanish giant, the brand or Bank BBVA, will officially launch a service for the purchase, sale and safekeeping of cryptocurrencies, the stipulated date for this event is January 21, 2021, this launch It is intended to provide a legal medium for those who trade cryptocurrencies. And it will be available in all its headquarters in Europe, soon it will be seen in Latin America where it would be the first bank with a cryptocurrency account on the continent. Why is this migration happening? Is this a movement similar to Fomo, in cryptocurrencies? A competition of who will capitalize more cryptocurrencies is approaching among the bankers? Leave your opion! @Ridam, @Raqeebzy, @Froshk What do you think of the movements that different organizations or banks are making? Source: CoinDesk

Well, an Italian bank (Banca Sella) has officially implemented a bitcoin wallet in its mobile application for card(hype) and also the functions of buying / selling bitcoins directly from the application, is a great step forward for a first recognition by the banks...