Typical Banks

[Pereira 2303]

That was a long time ago, now it is quite the opposite, banks realized the opportunities that this revolutionary impulse of the digital economy that are cryptocurrencies brought, for this they began to accept it and create cryptocurrencies that were supported by their own reserves Great to see the great opportunities that were opened up thanks to cryptocurrencies and the support of traders for it.

[LOLIA NAHHAS 339]

You are right, it is not only banks that are against digital currencies, but countries as well This is due to the difficulty in controlling the centrality of these currencies and their production from a specific source, and thus they pose a threat to them and their economy But despite all their fight against this matter, digital currencies are still spreading and expanding Who knows what will happen in the future?

[chris smith 950]

The main profits of the banks are the fees of the transactions so the crypto currencies do not need ao any banks fees so of course they will be annoyed from these currencies.

[HumamAliDeeb 590]

There is a second cryptocurrency tale unfolding that most people haven't noticed: the experiences of central banks. Last week, the Bank for International Settlements held a conference on "innovation," in which Jay Powell, chairman of the Federal Reserve, explained that US central bank officials are working with MIT to explore the feasibility of creating a central bank digital currency based on the dollar CBDC.
But this type of currency basically enables consumers to use computerized code to make "money", and thus duplicate some of the features of Bitcoin, or a cryptocurrency of the type that Facebook is developing. But this computerized code will be created and controlled by the Federal Reserve.
But what central bankers are starting to realize, belatedly, is that the reason for the emergence of such innovations is because entrepreneurs are responding to two major shortcomings in modern finance.
One revolves around something that central bankers seem unwilling or unable to address: the risk of a future devaluation of the fiat currency due to oversupply, i.e. quantitative easing. The other is something central bankers definitely want to address: the heavy and rigid nature of the modern payments system.