Do you think cryptocurrency must get support from the bank?

[Pegasus]

Cryptocurrency and banks are generally opposite in nature. So banks will not or barely help crypto. On the other hand, crypto doesn't necessarily need help from banks. It only needs recognition and acceptance from people to become popular. But since banks and governments are related, crypto is restricted a lot by governments' regulation. It's a tough path for crypto, though.

[Payme21]

I really do not think cryptocurrency needs the bank in order to be successful. The power lies with the people do if the people decide to make a project successful, successful it is

[zilzylian]

Banks are afraid when Cryptocurrency comes with blockchain technology. That's the reason the Bank and Crypto can't cooperate because they will be eliminated.
crypto has a blockchain that will never be able to eliminate or change transactions from each payment

[toll]

banks hate cryptobecause it will replace them !
so answer is no way that could happen

[sidkz]

I think that banks will be against crypto currencies
because banks will not be needed
and they will put pressure on the fact that cryptocurrency does not develop

[maro101]

Initially, cryptocurrencies were created for the purpose of decentralization with the ability to perform payment transactions between users excluding the intervention of banks. Based on this, we can conclude that one should not expect support from banks, since cryptocurrency can be a threat to them.

[Noverteno]

Cryptocurrency in any case should receive support from banks and will receive it after its legalization by the states. If this does not happen, which is very unlikely, it will slow down its development. Cryptocurrency can not develop by itself, without the support of banks and government agencies. This can occur to a certain level, but its infrastructure can develop only after being supported by various government agencies, including banks.

[UNIVERSE]

It is not the problem to support from the bank, but from the regulation in certain countries. When a country legalizes the crypto, they can allow this to be one of the payment methods. It depends on the financial system.
So far, we actually get indirect support from the banks when we are cashing out our money.

[zendicator]

Yes soon. blockchain technology is a great help for the banks. Banks will be left behind if they will not adopt the new technology which is blockchain. Ripple now is adopted in many of the money transfers. It will not be impossible is the banks will go for it. its just a matter of timing.

[Altcoin1998$]

Obviously I support this quotation because government and banking system are working with cryptocurrency then it would be possible to balance the world economic conditions and solve the issues of crisis of currencies.

[Senin]

It depends on what you mean by bank support. After legalization of cryptocurrency by states, banks will be able to provide services using cryptocurrency, if it is to their advantage. You should not count on any support from banks. They will use cryptocurrency if it is to their advantage.

[Cryptoz]

There are several cryptocurrencies that get a partnership with the banks such as ripple. Banks so far also support the crypto as the way to deposit the fiat to the crypto world. However, to support deeper or more than it, I think it will depend on each country, whether it is available or not, legalized or not. And then, if it is supported by the banks, will the crypto be more stable? WIll it be centralized? I don't think it is good

[Tristanerus]

I do not mean to mention one or more crypto that have received support from the bank,
but what I want to discuss is, is crypto really supposed to get support from the bank? to be strong and can be applied as a means of payment.
if I see the reason crypto is made is to be able to stand alone without having to use bank services.
so it's kind of funny to me that crypto has to get support from the bank.
what do you think?
give your opinion so that we can discuss and increase our insight.

Currently, no banks accepted bitcoin as mode of payment because this is a cryptocurrency which is decentralized that you can transact to anyone with ni middle men. Banks can trade, transact in fiat currency only, however bitcoin still legal payment in some countries.

[Jee]

is crypto really supposed to get support from the bank? to be strong and can be applied as a means of payment.

For me Yes I will be more thank happy.
I think the Crypto market needed to support a legitmate market for buying and selling these assets is beginning to emerge, just as regulators start to make noises about formal oversight.

The current regulatory environment prevents the trading of digital money. However, financial institutions studying the potential for blockchain technology to improve post-trade services and settlement.

[tsakf]

It's about POWER.. I don't think that banks will give up their power, as the only institutions, that create money. Many people, want banks to support crypto, but crypto was made to move away from banks.