Why many banks hate cryptocurrency ?

[inewoods]

I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin?

We know that crypto is decentralize which is not back by government and if banks promote them and anything happen banks will be dealt with a more massive damage that what crypto is experiencing.

[anshor1]

I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin?

I agree mate.  I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution.  The bank should addopt or acccept  bitcoin.  I see the banks afraid,  because many investors prefer invest in bitcoin than banks.

[PreshB]

Many  bank  hate  cryptocurrency   because  crypto  seem  to  reduce  there  customers  from  them,   in  the  sense  that  most  people  notice  the  benefit  in  cryptocurrency.

[Ahmedalab]

I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin?

[zeosX]

the thing is, banks can do alot with crypto, its because they are controlled by the government!! thats why they hated crypto.
They can't stop it!

we still need a crypto bank, because i believe we need a credit card and loans for mortgage etc.

and don't forget a cool crypto credit card too!! and there is no way this can be achieved with VISA and Mastercard etc as partners...

[Anayajurus]

Because the cryptocurrency is trying not only to reduce the cost of banking operations, but also to speed up what the Bank can not carry out.

[aji678]

many bankers hate bitcoin because of the possibility they envy bitcoin and fear if bitcoin keeps many bank customers out and turns to the bitcoin world that proves to be safer and more comfortable than the bank. with bitcoin you can also benefit very much.

[Theroyals]

Because the presence of cryptocurrency will make investment products from banks no longer sell. More and more people who will invest in cryptocurrency make bank income decrease. That is what causes banks not to like crypto.

[Helex]

really due to the fact it's far decentralized, I do no longer assume there are other motives besides that one. however I also determined out that there are banks that are also pleasant with cryptocurrencies or at the least with blockchain technology.

[Bhussainn2]

They detest digital money in such a case that fiat will be pass on later on and if individuals will change their cash fiat to cryptographic forms of money we dont require banks any longer. We can control our cash and we can utilize our cash with decentralized aplications.. We won't utilize banks later on the off chance that we change fiat to digital forms of money. They can not control cryptographic forms of money. Goverments and banks abhors crypto due to that .

[enci55]

In my opinion, why does the Bank really hate Cryptocurrency because the party's cryptocurrency does not need to be used as a third party in conducting transactions, because the peer to peer method adapted by cryptocurrency does not need to require third parties to make transactions.

[alyanov]

It is possible that the Bank is afraid because their function as a third party in conducting transactions will be erased, and so far the bank's function is third parties in conducting transactions, and they get a lot of revenue from these functions and with their cryptocurrency their income will decrease.

[balanced]

Because cryptocurrency is trying to overthrow banks from a leading position, which is not good for them, and therefore be a war.

[Sapp]

More and more people who will invest in cryptocurrency make bank earnings decline. That is what causes banks not to like crypto.Because the presence of cryptocurrency will make investment products from banks no longer sell.

[cryptofunn]

In principle, the fact that the banking system does not need a cryptocurrency is logical. After all, now banks are monopolists on interest from transactions. But the more cryptocurrency will be introduced into everyday life, the more the banking system will be interested in integrating cryptocurrency into its system. Very quickly they will capture their piece of cake.