Will banks use privacy coins ?

[elbans89]

The privacy coin is well suited to centralized authority. The banking system is highly centralized and they do not want to publicize their user data. But the bank will make sure they can track everything else. It will not be something like an open blockchain where everyone can see any transaction. Banks can use something like a partially private coin.

That's true, privacy coins won't share private data, never.
Banks won't agree and allow privacy coins.
It also needs the government regulations and I think will never happen. I agree with this opinions

[densus88]

The privacy coin is well suited to centralized authority. The banking system is highly centralized and they do not want to publicize their user data. But the bank will make sure they can track everything else. It will not be something like an open blockchain where everyone can see any transaction. Banks can use something like a partially private coin.

That's true, privacy coins won't share private data, never.
Banks won't agree and allow privacy coins.
It also needs the government regulations and I think will never happen. I agree with this opinions

I think banks will accept stable coins that centralised system.
Because many investors will withdraw in stable coins.
For privacy coins, I don't think bank will use it.
It's more risky because  this coins can be misused by scammers.

[bitcoin-shark]

some banks already offer crypto custody services i don't think they will ever adopt privacy coins they could not justify flows, movements to governments, control institutions and could be accused of aml themselves

[pacar_tiri]

some banks already offer crypto custody services i don't think they will ever adopt privacy coins they could not justify flows, movements to governments, control institutions and could be accused of aml themselves

I think the government and the bank didn't accept privacy coins.
At the last we heard about several news that said privacy coins will be used for illegal activities.
So, I think It will never happen.
Banks will accept stable coins such as USDT, BUSD, DAI etc

[gunhell16]

I am thinking about this.
Step 1 - banks discover blockchain - Checked.
Step 2 - banks integrate blockchain internally - Checked.
Step 3 - customers will have digital wallets from banks -  Not there yet.
Step 4 - banks integrate privacy coins internally.
Step 5 - customers will have privacy coins in their digital wallets from banks

What do you mean privacy coins dude? You mean creating their own altcoins it is because nowadays cryptocurrency was too trending now? Is that what you're trying to emphasize to your topic here? Due to if Yes, I doubt that the majority of the banks will do use privacy coins.

[Istiak]

some banks already offer crypto custody services i don't think they will ever adopt privacy coins they could not justify flows, movements to governments, control institutions and could be accused of aml themselves

I do not think decentralization goes with the bank. Banking system is a company whoes intention is to make money by selling service. They will use crypto if they saw their is profits in it. I am not sure how privacy coin will got their interest but if it did then it will be good for crypto. Till now it seems bank doesn't like crypto.

[mahadev]

some banks already offer crypto custody services i don't think they will ever adopt privacy coins they could not justify flows, movements to governments, control institutions and could be accused of aml themselves

I do not think decentralization goes with the bank. Banking system is a company whoes intention is to make money by selling service. They will use crypto if they saw their is profits in it. I am not sure how privacy coin will got their interest but if it did then it will be good for crypto. Till now it seems bank doesn't like crypto.

You're right banks won't allow decentralised system in their products, So I think privacy coins will never been accepted by banks. Never ...
Privacy coins cannot be tracked, It can be used for criminal and illegal activities, I agree with this.

[nakmantu99]

some banks already offer crypto custody services i don't think they will ever adopt privacy coins they could not justify flows, movements to governments, control institutions and could be accused of aml themselves

I do not think decentralization goes with the bank. Banking system is a company whoes intention is to make money by selling service. They will use crypto if they saw their is profits in it. I am not sure how privacy coin will got their interest but if it did then it will be good for crypto. Till now it seems bank doesn't like crypto.

You're right banks won't allow decentralised system in their products, So I think privacy coins will never been accepted by banks. Never ...
Privacy coins cannot be tracked, It can be used for criminal and illegal activities, I agree with this.

That more possible not happen is banks will accept stable coins.
not privacy coins.
Because privacy coins has been banned at several countries.
That's my prediction, It will happen soon.

[Jaephoenix]

Lol. Banks are extensions of the government and as such would not touch privacy coins with a long pole. Things might change in the future, but that is the prevalent thought now

[de_prof]

Lol. Banks are extensions of the government and as such would not touch privacy coins with a long pole. Things might change in the future, but that is the prevalent thought now

Yep, I think bank will never touch privacy coins.
We know banks always focus ion transapancy, and we know privacy coins are private coins that cannot be tracked.
So, I think It will never happen, I agree with this opinion

[satpol_PP]

Agree with this opinion, Banks are extensions of the government
Banks can use privacy coins, If the government allow.
But I think It's impossible to happen.
The government will refuse privacy coins.

[Octoalts]

I don't understand what is meant by privacy coin here, but if it can benefit the bank and the bank's customers then it might happen.  Crypto development is very fast, even Banks must follow the development of this Cryptocurrency. If not, the Bank will be left behind, because from time to time more and more people are using Cryptocurrencies.

[Speaker]

Of course they will... at least use it in internal interbank settlements. It can be fast, cheap and safe and shouldn't scare us.

[Alcor]

Of course they will... at least use it in internal interbank settlements. It can be fast, cheap and safe and shouldn't scare us.

It is clear that banks will not use privacy coins, because it would be contrary to the basic principles of the banking system. It is no coincidence that Japan and some other states have already banned the use of privacy coins in their country. Privacy coins such as Monero, Dash and others are almost impossible to trace and control, and this is of great concern to states.

[rizqillah]

Of course they will... at least use it in internal interbank settlements. It can be fast, cheap and safe and shouldn't scare us.

It is clear that banks will not use privacy coins, because it would be contrary to the basic principles of the banking system. It is no coincidence that Japan and some other states have already banned the use of privacy coins in their country. Privacy coins such as Monero, Dash and others are almost impossible to trace and control, and this is of great concern to states.

Agreed,  I also agree bank won't use privacy coins.
Such as monero ,dash etc.
Because They can't be tracked and will be misused by illegal activities, I agree with this reason.