How will the financial sector will be with crypto

[annayks 2314]

Right now cryptocurrencies are considered a lot in the traditional financial sector and banks are buying when they were against crypto for a long time. We have seen JPMorgan making a u-turn and now supporting Bitcoin as an investment and probably promoting it to investors too. We see decentralized finances gaining traction and becoming used and examined by the financial system. It will be a great future for us.

[bogdanoff 3173]

The financial sector is finally accepted that Bitcoin is not a scam as they were calling Bitcoin but a good investment. Also cryptocurrencies can help banks too and they look at DeFi with a lot of interest. 

[Goyaa 2414]

On 2/9/2020 at 12:15 AM, Casinoval said:

How do you think the financial sector of the world will be when crypto currency have finally taking over and how positive it will be for us, this having been really analyze by any one, so please leave your comments.

I think it is very difficult to take over the financial sector nowadays, crypto can be used as finance other than fiat. Finance is currently regulated by the laws of every country so if there is new money like crypto there will be parties who prohibit it.

[percare 3192]

On 2/8/2020 at 7:15 PM, Casinoval said:

How do you think the financial sector of the world will be when crypto currency have finally taking over and how positive it will be for us, this having been really analyze by any one, so please leave your comments.

You make a mistake. Cryptocurrencies are not about to take over and for something like this to happen it will take at least 50-100 years. The governments will keep having the centralized currencies perhaps in digital format but cryptocurrencies will keep being a system used by the people and by the banks too. This will not take a long time just a few years.

[Zeshan Khalid 2577]

Crypto is still a long time away from replacing fiat. But world would need more complicated laws to keep it safe because this currency have its advantages but more complex and easier to scam as well

[Ponnnu 962]

Hey friend, I think it will take a long time for cryptocurrency to take over currencimy. Because some governments are still placing restrictions in their countries cryoto dealings, if they take away these restrictions, then things will go well. The transaction charges will be low and people can conveniently do as many as transactions they want at any time. There are many advantages fir cryptos. But people wont be ready to leave their daily currencies and start using cryptos in near future. 

[ShiNorton 906]

On 2/8/2020 at 11:00 PM, Casinoval said:

How do you think the financial sector of the world will be when crypto currency have finally taking over and how positive it will be for us, this having been really analyze by any one, so please leave your comments.

Financial faced changes after the entry of cryptocurrency  in this world. Retailers  are accepting crypto as the payment solution & that has given a boost to our financial sector. 

[yonkii 3205]

I think the financial sector can work perfectly together with crypto and fiat. Cryptocurrencies can be used for payments and international trade because they are faster and fiat for daily purchases and as it was used, but I think that fiat should be digital too to remove the dark economy, the money laundering and corruption.

[zhoutong 2188]

The financial sector wants crypto as investments and not as currencies or for their usecase. It will create pump and dumps and will make crypto look like stocks. I don't think this will help a lot perhaps only for some short term gains.

[kryptonick 2659]

The financial sector is only now starting to look at cryptocurrencies and trying to find use cases for them. But it will not be the cryptocurrencies we have to day but perhaps only a few of them maybe a maximum of two or three that will survive. There are already cryptocurrencies coming from banks and governments and these will be used instead of what we have more than Bitcoin.

[noshot 154]

You seem to think that cryptocurrencies will replace everything else and have it for a fact that it will happen some day. I don't know how you assume this but it is extremely improbable to happen, unless you think that governmens are creating cryptocurrencies and not just a digital fiat that will be the same as they have today with the ebanking.

[khan22 3478]

Crypto market reduce the jobless peoples quantity and so many peoples will earn good money through this market on the daily and also on the weekly basis through just trading becasue in the market we can trade and make good money in it.

[Enola Holms 0]

I don't think there would be much change in anything as cryptocurrancy is just a way to make payments and transfer money shifting to it will simply means a easy way to do so plus some investment opportunities, that's all nothing more than that.

[Jromz 2158]

It's quite challenging to envisage how the financial sector could possibly be if cryptos, mainly bitcoin, are finally world wide adopted. In my opinion this will happen for sure eventually but it seems not in the immediate future, also governments, beside Chinese government will push hard to put own their own centralized cryptocurrencies, which may be deleterious for decentralized cryptocurrencies to be integrated in the financial sector. 

[CryptoDemon 370]

On 2/9/2020 at 1:15 AM, Casinoval said:

How do you think the financial sector of the world will be when crypto currency have finally taking over and how positive it will be for us, this having been really analyze by any one, so please leave your comments.

Maybe they will be the one that will manage the crypto currency that is adopted around the world so that it will be distributed equally and the crypto currency is well managed. Maybe they will also be the one that will manage about those cryptos that is go to waste.

[Ndayebo8 0]

I think it is a good move for the financial sector if they will learn how to double their money with the use of crypto because obviously, it will become a great help for all the people that they can help with the money that they can earn from crypto.

[Moaz 7239]

The field of encryption has witnessed a lot of development since its inception in 2009, and the entry of the financial system into the world of cryptography has contributed to its progress and development in a positive way, and the possibility of sending and receiving money has become available outside the control of banks.

[Alimhana930 1605]

In terms of financial first, fees and deductions on transfers and time In cryptocurrency, all of these things have been bypassed In terms of profitability, for example, stocks or real estate do not increase by 30% within months, nor do they decline As for cryptocurrencies, this takes place in them, and thus a great opportunity to sell and stray and make profit in a shorter time.

[Khan 1414]

On 2/8/2020 at 10:15 PM, Casinoval said:

How do you think the financial sector of the world will be when crypto currency have finally taking over and how positive it will be for us, this having been really analyze by any one, so please leave your comments.

If the crypto currency are allowed to trade and its legal in all the world then obviously almost all the big companies will move to the crypto to adopt the latest digital currency technology.

[teebasas 3018]

The use of fiat currencies will decrease a lot and the use of encryption will increase in the future, but that needs a lot of time because governments always strive to preserve their local currencies.

[Syriana 350]

The cryptocurrency has beautiful features that help in ease of dealing and reduce fees because it is not related to banks or banks, so it is much better than other currencies and I think it will cancel the rest of the currencies in the future and the financial system will be in the best condition

[Farukatie 1271]

On 2/8/2020 at 10:15 PM, Casinoval said:

How do you think the financial sector of the world will be when crypto currency have finally taking over and how positive it will be for us, this having been really analyze by any one, so please leave your comments.

It will become ore reliable because transaction fees for transactions will become very low and people can easily access and withdraw cryptocurrencies because operations becomes end and we can withdraw our money in a good way.

[Malikjnb 1235]

I think it is very better when crypto currency totally taking over. Because crypto currency is the best for everyone. You can make a good profits with crypto currency. I like this . I already invest in bitcoin because it's price will go up.

[RoyalHouse01 9]

in the long term the crypto will help a lot of people and it will make the payments easy for all of us so after few years you will be seeing the best use of the crypto.

[khan22 3478]

Financial sectors will except the crypto market when this market will start to pay tax to them then that time in all over the world crypto market is go high and it give us good profit and legal in all over the world.