How will the financial sector will be with crypto

[Naqeeb707 11]

On 2/8/2020 at 11:30 PM, Ashik420 said:

The crypto payments systems go to new and new technology every day and every year so we can expect more creative things.This question may arise how people take it postively or negatively.

everything brings some negative and some positive things with it so as cryptocurrency is concerned it is totally revolutionary thing as it is going to bring a lot of things with it but mostly it seems to good affect

[BitMart 326]

Financial sector is feeling very good as crypto and blockchain is involving in this sector because blockchain is bringing some revolutionary changes in this as transactions fees is lowering speed is increasing and transparency is also increasing so this could be great for financial sector and this will perform better and grow very fast as investors also feel great.

[Honny143 13612]

bitcoin change the financial sector its take less fees transaction, and gives so many people to earning sources you can do any thing like buying selling and trading also bitcoin change traditional tax's pay system, so many use this technology and so many big companys also want to their financial transaction purpose.

[Benjamin 84]

On 2/9/2020 at 3:44 AM, Zezo said:

Money transfers will be faster, fees less, and buying and selling things will be easier, in short there will be a great change in the financial sector

Why is the Transactions of bitcoin is too very slow? I think transfer money is slow when it comes in cryptocurrency but there has a coins that is good for the transactions. Happy posting.

[Sedy 670]

On 2/8/2020 at 10:45 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.

Crypto currency have changed  the way people conduct financial transcations worldwide. From mobile money transfer to buying /selling of goods. It is expected that crypto banking will become an integral part of the financial industry. 

[Christy 8]

To me financial sector wil be great with crypto as financial system will be accessible to the areas that doesn't posses financial system yet, also lead to new Technology advancement. Easy business transaction will be made possible too

[Zezo 306]

2 hours ago, Benjamin said:

Why is the Transactions of bitcoin is too very slow? I think transfer money is slow when it comes in cryptocurrency but there has a coins that is good for the transactions. Happy posting 

Yes, the bitcoin transaction is rather slow. you can try the transactions using Etherium.

 I think the transactions on the Etherium network are faster.

[Benjamin 84]

3 hours ago, Zezo said:

Yes, the bitcoin transaction is rather slow. you can try the transactions using Etherium.

 I think the transactions on the Etherium network are faster.

Well, also the ethereum is slow in terms of its transactions because when i withdraw some eth to my yobit account, it takes a 10 mins before you get it to your wallet so that i will prefer to used xrp because it takes a second only when you are withdrawing it.

[bentayebsalah 2280]

The financial sector will improve and develop if crypto currencies are relied upon and adopted and included in the financial system

[Sohail801 4]

I think when cryto will take over the world the financial sector has to be more modernize to compete with the era of time. as we have to grow with the time. when crypto will take over the life of people will be more easier because now things are same in financial sector everywhere. So they have to change sometime.  

[PiroSense 2681]

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.

It still depends on a lot of other factors. Are these cryptocurrencies government-made, or it's the existing decentralized cryptocurrencies we used to know?

 

If financial sector would rely on cryptocurrencies, it's most likely that these are CBDC, the ones made by the government.

 

Using decentralized cryptocurrencies would only be difficult for government to impose tax. You could also not demolish governments since they maintain peace and order.

[fuer44 1083]

to walk together between finance and crypto, I think it's difficult because they both have the same value but crypto is more volatile. one thing you can join is to utilize blockchain technology with the existing financial system, maybe it will be more effective.

[HidayatCrypto9 82]

The cryptocurrency revolution has been started already because everyone is familiar with crypto and want to earn a lot from crypto and crypto is giving to its users in free as well

[Syedbesharat 5423]

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.

The finical.sector set new bonderies for customers they arrange new order for buy sell they set global fee system.where the coin can transfer from one continent to another in few minutes with reasonable price.The whole system become bonded place of coins any fluctuation makes whole market in new direction.This system become new runway of our life.

[Beromnia 733]

On 2/8/2020 at 6:15 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.

Welcome with me
After encryption is adopted as a substitute for traditional currencies, the banking system will change significantly
New regulations are adopted that are commensurate with the nature of the coding
The world will be far from observing the movement of money, in which there is no need for foreign exchange offices

[avatarkiyoshi 270]

Cryptocurrency will not easy to replace fiat. Cryptocurrency will affected positive solution in financial sector when the country faced crisis.

[Ayush Singh 1175]

I think there will be a big impact in the financial sector of the world after the cryptocurrencies will overtake all the Fiat currencies and in future it is possible that cryptocurrencies will be the currency's which will be used globally because of the changes towards the digitalization.

[Adebayo Sadiq 1]

It will be new and progressive .. the crypto payments systems proceed to new and new technology every day and every day hence we be capable of look ahead to extra creative things 

[suzuya 945]

I think the financial sector of every country will start supporting it fully and also they will help to make the implementation of cryptocurrency become profitable for both government and citizen side. They don't have any choice but to adopt the use of crypto because it's widely used.

[Migo 7946]

This will depend on how they will use bitcoin, I mean bitcoin generally is good for the financial system and his purpose is this financial sector but if he was in the wrong hands, he will be useless and we will not see any big changes at all, like the hackers now when they made it their payment method, they made bitcoin like a nightmare for many countries 

[Shahud 1319]

to get a good result of anything a propee palnning and utilization is very imprtant.no good results comes wirh the unplanned project.

[Jokeer 648]

The main purpose of bitcoin is the financial system. But the use of bitcoin depends on us due to there is an option that we can use it in illegal activities. but overall when the world adopts bitcoin it's the effect on the financial system positively.

[bliznec 22267]

When the cryptocurrency is legally recognized by the government, you will probably need to pay taxes. But I do not want to see this in bitcoin, and now I like to receive income from cryptocurrency. Why complicate the situation. 

[Whited35 15285]

There will be the huge impact in the financial sector at that condition. Financial institutions start to make the huge profits and they can give the fastest and secured services to their users. Crypto currencies can assist to make their services more easier and accessible. 

[Hashirali 15]

One day  financial sector totally agree with Crypto and accept it. The use of Crypto will help to control inflation and in employment in my opinion. What's you think about it