Will banks use privacy coins ?

[EthereumDev_]

point number 3 is the possibility that if the bank implements a blockchain wallet then it will be very good, it's just that such a program will turn off bank finances instantly because we know that until now banks can get a lot of money because there is a monthly fee withdrawal that is taken from savings so if you apply a wallet blockchain for free then it will make the financial circulation in the bank collapse because there is no money income.

[therozaq]

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

It's impossible  to happen, Bank won't use privacy coins.
Private coins cannot be tracked, Bank and the government will against this.
So, forget it. It will never.

[Ghozrd]

LAlthough the privacy coin will never be listed, the transactions made by the bank don't seem to be transparent, the bank doesn't give everyone access to the account, I mean I can't see how much money my friend has saved when I want to transfer money to his account.
Banks only want blockchain, but they also need stable coins, but I don't know how long they will last using the ancient system, in the future blockchain era will enter every company and they will make coins like China[/size]

[yohananaomi]

Although the privacy coin will never be listed, the transactions made by the bank don't seem to be transparent, the bank doesn't give everyone access to the account, I mean I can't see how much money my friend has saved when I want to transfer money to his account.
Banks only want blockchain, but they also need stable coins, but I don't know how long they will last using the ancient system, in the future blockchain era will enter every company and they will make coins like China

[/size]
there will be no very significant changes to banking, because there are still many who require transactions that occur in banking, the possibility of the system will change by itself, certainly can happen because the need for renewable technology is indeed needed. but for all transactions that have existed in the banking sector, the possibility of being replaced will not occur. many still need banking for other transactions.

[Speaker]

Banks have already started using blockchain as a technology, but this has nothing to do with the use of cryptocurrencies.

[Hubert Hodge]

Decentralisation, in my opinion, is inconsistent with the bank. The banking system is a business that makes money by selling services. If they see profits in crypto, they will use it. I'm not sure how privacy coins would spark their interest, but if it does, they will be beneficial to cryptocurrency. Until now, it appears that banks are afraid of cryptocurrency.

[Seerge]

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It's impossible  to happen, Bank won't use privacy coins.
Private coins cannot be tracked, Bank and the government will against this.
So, forget it. It will never.

I agree, not even privacy coins even many banks prohibit transactions in Cryptocurrencies, even though this is a common thing. 
Actually, there are still many who don't understand what a privacy coin is, and according to it it will be a debate if it turns out that there are conventional banks that use it.

[Doctor]

Bank always use transparency for their transaction, So I think Bank will never use private coins. I agree with this.
In my opinion bank will accept stable coins, maybe.
Let's see.

[Noverteno]

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.

Privacy coins such as Monero will not be used by the banking system, and this is clear. Most likely, they will advocate a complete ban on such cryptocurrencies. Now, some states, such as Japan, have long banned the use of privacy coins. Further regulation of cryptocurrencies by states will most likely put them outside the law.
The banking system and privacy coins are completely incompatible.

[Speaker]

First you need to come to an understanding of what will be regulated and how.Banning is the easiest thing...especially what you don't understand

[sony khan]

Banks are starting to use privacy coins more and more. They are looking to improve their customer service and they want to be able to keep their customers’ information secure. They also want to be able to track their customers’ transactions. Privacy coins allow banks to do all of these things.

[MUGNIA]

why the privacy coin?
banks do know about blockchain but to adopt it as a currency and introduce it to society I think it's impossible where there are still many governments who refuse so I think it's one thing that is impossible if banks implement savings and coin privacy like you said

[legend45]

why the privacy coin?
banks do know about blockchain but to adopt it as a currency and introduce it to society I think it's impossible where there are still many governments who refuse so I think it's one thing that is impossible if banks implement savings and coin privacy like you said

I think OP just ask the possibility the bank will use privacy coins, But I think It will never happen.
As you said many government still refused crypto currency, maybe If they will accept, bitcoin and stable coins are the best choice.

[atrizbtc]

Over the past 15-20 years or so, we've seen banks completely eliminate all fees associated with accessing your own money.  Even to the point of reimbursing ATM fees if you happen to use another bank's ATM.
Will they ever eliminate all fees associated with transferring crypto from one platform to another??? I doubt it.  Not really answering the question you asked, but something that is a mild frustration.
For crypto to truly be the basis of our financial system, there would have to be quite a few changes that I don't think many people, as well as the big banks are ready to make yet.

[Fenix]

Banks are starting to use privacy coins more and more. They are looking to improve their customer service and they want to be able to keep their customers’ information secure. They also want to be able to track their customers’ transactions. Privacy coins allow banks to do all of these things.

Where have you seen banks use privacy coins like Monero, Zcash, Dash and others. In some countries, such as Japan, these coins are banned from circulation altogether. The banking system and privacy coins are not compatible at all. Banks will never have anything to do with privacy coins. Banks will work with cryptocurrencies with full identification of their customers.