banks Banks loving Blockchain and its law

[Captain Karim 0]

Well, maybe some banks are supporting bitcoin, but their number is very few, but many banks are still opposed to the spread of bitcoin and the rest of the cryptocurrencies.

[maxiway 44]

I don't think banks love blockchain, rather I think they hate them, although I think a lot of banks have a lot of money invested in btc.

[Shaza Ahmad 1682]

Perhaps the banks should consider making their own decentralized blockchain to develop  themselves, and people trust to deal with them, then the banks will have taken a big step towards increasing confidence and transparency in transactions.

Edited March 7, 2020 by Shaza Ahmad

[Saj555 2250]

Blockchain is a great network that controls all the transactions and withdrawals about crypto currencies and world. So this network is running by a good number of rules.  Those rules are actually doing great and even the banks are also loving the laws. So a lot of banks have included crypto to their sectors. So this is evolution for the crypto world. 

[Ms.o 3322]

Maybe in the future,if crypto currency will get more popularity and adoption worldwide,bank will learn to adopt it or otherwise,they will become useless.

[jamesvince 2389]

Although we all knows that banks are not likes to crypto market because they wants to grow their own customers for saving account bur now everyone wanted more usage quick money that is why they no more interested in banks and using blockchain technology and i also prefer to crypto market. 

[CryptoMaxim 3829]

Banks will always work with Fiat. And due to the introduction of cryptocurrency, this is an additional profit for any Bank.

[Mcd0d0 5882]

On 10/19/2019 at 3:24 AM, Thekingcallme said:

Whether they like it or not
They will join the team that supports the blockchain in the future or they will go bankrupt
It becomes more difficult for them

This is true mate because there is a possible that cryptocurrency and fiat currency will be using together so the banks are being adopted it and they will have some services for crypto coins.

[tienda 8776]

I think right now and the future the banks or government they will adopt first Blockchain technology, and they are interesting to it more than in cryptocurrency, so I m not surprised about if arrives a day where we see Banks use Blockchain technology because is more benefit.

[Amir Vao 341]

On 10/19/2019 at 1:13 AM, Keith700 said:

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.

Blockchain technology is a great invention for this time. Because it's give new path to our payment system. It's make our cash paperless. Many banks moving to Blockchain platform.

[Thekingcallme 1975]

On 10/19/2019 at 2:16 AM, cheewy said:

they need each others. im not agree with you. and why banks must superior than crypto when they already lost in inovation. let's talk for 5 years from now, when they adopt blockchain for their system

Your words are correct and your point of view is good because cryptocurrencies need fait coins and I think they are complementary to them and there must be banks but in the end you will support cryptocurrencies

[pablomarwan 3082]

I consider this issue by writing a cold war between currencies, which of them is the one that will rule, of course, the banks will have to deal with the matter diplomatically, as it will result in some of the disadvantages that the government dealt directly with the digital currency market

[Zezo 306]

Why do we consider Bitcoin and banknotes enemies? Simply put, banks can benefit greatly from bitcoin technology, but this does not diminish the value of monetary currencies, so they cannot be dispensed with

[Rezort 846]

I am glad that some banks at least cooperate with ripple because it is the first step towards global legalization of crypto as well as just popularizing this great technology.

[Zaino34 0]

Banks always try to fight cryptography and this is a good step even if they arrive late because these banks should find a mechanism that enables them to organize dealing in digital currencies and increase their use by banks and other people

[magd 5231]

The banks that support blockchain technology and try to get close to it and deal with it are the ones that will be profitable at the end of the way because blockchain has developed day by day, but I hope this deal will be based on decentralized assets so that the freedom and price of cryptocurrencies are not affected

[Omar Ommeish 4872]

Yes, I agree with you, that cryptocurrencies are on our side and are better than banknotes, and I think that what distinguishes them most is that they are decentralized and no one controls their price.

[Brushless4500KV 4214]

It is quite natural that banks are interested in blockchain because it can make the busy and complicated record of documents much easier and with less interference of humans. By using blockchain, banks can increase their revenues because they can reduce their unnecessary costs. However, they don't use it because banks prefer to have full authority over any currency that they work with. They want to control and supervise their customers and see every tiny detail about their transactions. For this purpose, they need their own versions of blockchain that they can penetrate it completely.

[imr 43]

 I think, bank don't love the concontre, Bitcoin is the titan of the old bank system because they don't control it anymore. But now banks understand that it is better for them to take the side of Crypto. It is personal and no authority can stop it from being in the company's demand. It works for the needs and people are mad at it. So banks have the opportunity to take the side.  

[George10 9932]

Banks are still worried about cryptocurrency that it might take over there place that's the reason some don't want to adopt this technology still more they can't do anything much to stop it but in future I think they will accept defeat and adopt,that's my point of view.

[BTC Future 3946]

Banks actually decided what the original post claims. They've indeed figured out that they can't ban Bitcoin so they decided to tame it and take it under their control. They've been creating custodial services and are already adding Bitcoin to a few of their investment plans. They will sell these to their customers and they will be holding the Bitcoins instead of them. Custodial services are actually damaging Bitcoin and should not be accepting by anyone as they re-enstate the middle man in the system. Banks that were obsolete in the Bitcoin transaction ecosystem, are trying this way to remain relevant, grow and in the end become a Bitcoin consistency that will be able to accept or promote certain developments and decisions. Still there is consensus involved. Although we have seen many manipulations happening and even Satoshi emails claiming to be solving disputes in the community. Banks have noticed this and will try to be one of the constituencies that make the Bitcoin decisions.

[iloveyobit 6599]

Banks are always trying to fight bitcoin in public so that it can drop in price and buy at the lowest price, but in reality, they are always looking for a way to get it for them.

[Whited35 15285]

I think due to growing popularity and the craze of the cryptocurrency , banks should also be compelled to meet the customer's demands and they eventually start to adopt the blockchain technology due to it's high security features. 

[Rahul11 292]

On 10/19/2019 at 1:13 AM, Keith700 said:

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.

They should love this law. Otherwise they can't run their business. Because people are moving to blockchain system. Also they are showing interest on blockchain. By using blockchain banks can make secure their fund more strong.

[Bruno52 1141]

Banks are now starting to accept crypto currency because crypto currency is now one of the most used currencies and if the banks didn't start accepting it, people might just start saving all their money online.