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Keith700

Banks loving Blockchain and its law

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It's quite exciting, but I think many banks will even benefit from it! Many give out loans, and this is also not a small percentage goes, and also, the blockchain system is developing, and this is very cool!

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If banks and cryptoworld will cooperate i think it is so nice. It will be so useful and interesting if appear cryptoeuro and other cryptovalues.

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Many corporations are implementing blockchain: projects have already been launched in the fields of healthcare, logistics, and the gaming industry. And the most popular niche for blockchain applications after cryptocurrencies is the financial sector.

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Many banks have recently been trying to control cryptocurrencies, especially Bitcoin, by including the advantage of owning bitcoin in the bank account, but I do not see any benefit from such a feature because anyone can own bitcoin without opening a bank account.

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The rule is if you can't beat them then join them, but it applies in blockchain and cryptocurrencies too. They will start loving crypto perhaps they even are and they will be the next evolution phase of Bitcoin.

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Blockchain technology has the potential to bring about a radical change in the banking sector, as it becomes possible to dispense with these intermediaries and replace them with a free system that does not need a third party, has no limits, and is transparent and easy for anyone to access. Therefore, I think that banks do not prefer to be dispensed with.

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Of course banks will not be history but they will have less options because decentralization of finances will help banks too to reduce the lending risk and the problems of the previous system. 

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Blockchain is a technology that is becoming used by so many banks and governments. It will be used in the future and blockchain experts will be in need so if anyone can they should try to learn computer skills and programming and move to blockchain after that. It will be combined with many more technologies and create the modern era for economies.

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I don't think banks are an enemy. When Bitcoin appeared it explained that you could become your own bank. The banking failures are an important reason to have the power to hold the account and the keys and not have somebody else to be the owner of your account and your money. With banks they don't allow a lot and the money can be moved but not easily. With cryptocurrencies that are decentralized this means that nothing can stop you from doing what you want with your money.

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I think it is their way of saying to the people who are engaged in crypto currency that they are not fully accepting crypto currency in their country or even allow their countrymen to get engaged to it. I would say that this case is much better than the total cancellation or total disagree to the existence of crypto currency. In this case, they are actually acknowledging the crypto currency but they wanted to at least get some benefits from it but they know that it would just a matter of time that it would be this kind of scheme would be the reason why the crypto currency would become more successful compared to them.

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The fiat currencies will switch from paper to digital fiat. CBDCs are the new weapon in the governments and central banks arsenal and we expect this to be better for some reasons as more fair taxation but worse for other reasons as it will be a controllable asset and governments will be easy to exclude people from their money.

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Hello my friend, I respect your opinion, but I do not agree with you, because there are so far many countries that have not used electronic payment technology, let alone cryptocurrencies, in addition to the fact that Bitcoin is a decentralized currency that has no guarantor and this exposes it to collapse at any time

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The thing that makes crypto powerful is fact that they have no management not restriction and it is the community that secures it's existence, in short they have no where to hit and they are coming so hard on the banks.

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Even in a little way, there's no chance that Bank will control the crypto, that's why they do is fully embrace and acknowledge it. It might be because they seen a lot of potential that crypto has possess, just like the news recently that Paypal added some crypto currency in their wallet. Isn't it a big milestone of crypto, with a million user of Paypal, definitely some of them will now use and acknowledge crypto.

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Althlugh there are negatives of banks too and they can't  do anything to the cryptocurrency  but they will never fall, it will take hundreds of years to take the banks down, it is not that easy and possible  as you stated.

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Banks changed and since cryptocurrencies are financial assets they decided to finally treat them with more respect and use them. I don't trust the bankers and the system they have because of the centralization but it will do good for prices of the crypto they select to use.

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On 10/20/2020 at 9:00 PM, Razan alikac said:

Many banks have recently been trying to control cryptocurrencies, especially Bitcoin, by including the advantage of owning bitcoin in the bank account, but I do not see any benefit from such a feature because anyone can own bitcoin without opening a bank account.

Yes my friend bitcoin is a decentralized currency and that is why even the government can't control it which is also another reason why the government are also going against it because even at present bitcoin is used to accomplish some illegal activities around th world.

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I am not have a lot to say about the banks, they are made many worse with the games they play and made the world less equal, they hidden money and helped criminals move money, then when bitcoin appears they talk bad about bitcoin.

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The banks are coming into crypto to gain good place before that is taken where mostly the banks who run at fiat system are against it.crypto is getting popular and people are getting out their money from banks to crypto exchanges. Where they also save it in their personal wallet. Crypto is unstoppable and necessary for world which they have realise during pandemic. 

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I don't think that banks will be history at all. Banks are required and a transition to a cryptocurrency system is not something that is even considered. It will be fiat unless it will be caught in a vicious cycle of hyperinflation like it happens in a few countries and they can't change it for many years now.

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Well, the XRP project and others are serving and are also projected to be used by banks since the transfer speed per operation is very high, that is only one of the many benefits that the crypto world and this new technology is generating. and that the banks take advantage of it in their favor.

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I don't agree with you  that the banking system and its support for banks and financial institutions don't support  cryptocurrencies because  they are simply conflicting wherease the blockchain ,is the system  that support cryptocurrencies ,is aimed to decentralization  and non_control  by  any institution or entity.

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Los bancos han existido desde la creacion del dinero y han ido evolucionando con el paso del tiempo, los bancos van a seguir existiendo y van a seguir controlando al mundo sea cual sea la moneda que se use en ese momento.

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Yes, I noticed that banks cannot reject bitcoin and blockchain, many prohibit bitcoin as a transaction or asset, but banks cannot block it and can turn it into fiat instead. I think this is the advantage of bitcoin as a digital asset.

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It is true that banks cannot with bitcoin but it is also true that they can adapt they are still trying to knock it down but in a short time they will want to adopt it but not as it was conceived but to adapt it to their rules to their commissions under their control, it would be important before that happens that people know exactly how cryptocurrencies work so that financial institutions do not scam them and sell them a wrong concept of the conception of cryptographic currencies.

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