Traditional banks in the crypto economy of future

[dolcefarniente]

Many large traditional banks have a long successful history of their work. With such a great experience and great financial capabilities, banks will be able to quickly adapt and become leaders in the new conditions of crypto reality.

[Master107]

I think that even though crypto is growing rapidly nowadays it will not be able to eliminate the traditional banks. we know that not everyone can accept or use crypto and maybe it will make it difficult for them because they are used to traditional banks. all have their respective roles and it is difficult to eliminate one of them

I agree. Banks won't be eliminate by crypto. As a matter of fact, there is a crypto that back up by banks. And also wherever we look at banks, it is necessary for the people and Cryptos to boost the system. Of course banks will adjust if the people are loving crypto more than them.

[Falcon]

We can see that now all the traditional banks have started trading in this cryptocurrency through various means.  In our country, some cryptocurrency currencies can be transacted through banks.  In future we will be able to transact through this cryptocurrency bank. Booth mobile banking and all banking services will be available in cryptocurrency.

cryptocurrency is another big alternative investment good for short term or long term holding. I think not all banks are in favor with cryptocurrency. Therefore some will be close because they cannot handle to adopt and manage the volatility. High inflation rate.

[Freemind]

cryptocurrency is another big alternative investment good for short term or long term holding. I think not all banks are in favor with cryptocurrency. Therefore some will be close because they cannot handle to adopt and manage the volatility. High inflation rate.

It doesn't really matter if banks are in favor of cryptocurrencies or not, what matters is that banks are in favor of money, and if the money is in cryptocurrencies the banks will be with cryptocurrencies. Banks will find a way to use or sell cryptocurrencies, the only thing that matters to them is the end and the end is always money, and that will never change whether we like it or not.

[Alcor]

The traditional banking system is already dying.  Cryptocurrencies are a logical evolutionary development of the old banking system.  Why would banks be needed if a cryptocurrency appeared that allows, without intermediaries, without a third party, on the basis of mathematical algorithms, to transfer values ​​to each other.

The traditional banking system has existed for several centuries and will continue to exist for no less time. She's not really going to die. She is under the full protection of the state. And cryptocurrency is not capable of exerting such an influence on it, but to make banks die. In addition, we see that banks have quickly begun to adapt to changing conditions. They appreciated the benefits of blockchain technology and started implementing it to make their system more efficient.

[Honor20]

banks are very popular all over the world. Cryptocurrency is gaining more and more popularity through traditional banks around the world. the time will come for a single currency that does not recognize borders.  Any cryptocurrency evangelist believes They will still survive and maintain the banks to exist. However, they will follow the development era of technology. using blockchain technology? Maybe. Or, probably there will be another more advanced technology

[masterrex]

The centralized/traditional banks are not always happy with the proliferation of cryptocurrencies in the mainstream nowadays, and the fact is they consider it as a threat to their financial services and businesses that's why we can expect more setbacks regarding doing transactions with some Banks, but I think not all big banks are against with cryptocurrency, because some big banks in my country are already embracing the blockchain and crypto innovation. that's why whether they like it or not traditional banks must accept the fact that they must co-exist with the crypto-based financial innovation and services.

[Afony]

Banks will have to work with cryptocurrency because of the popularity of the crypt, now a very large amount of money lies in cryptocurrency. I do not think that banks will refuse a tasty piece.

[KryptoBull]

Now we are seeing banks have to follow suit and find ways to provide crypto related services to gain users and profits. They couldn't continue to deny BTC's place and the role crypto plays in the economy. I hope we will soon have the financial tools in the crypto space provided by traditional banks.

[nakmantu99]

The traditional banking system is already dying.  Cryptocurrencies are a logical evolutionary development of the old banking system.  Why would banks be needed if a cryptocurrency appeared that allows, without intermediaries, without a third party, on the basis of mathematical algorithms, to transfer values ​​to each other.

I agree with this opinion Cryptocurrencies are a logical evolutionary development of the old banking system. I think old banks should adopt crypto technology, because Crypto is the future technology and will make us do transaction easily.

[satpol_PP]

Banks will have to work with cryptocurrency because of the popularity of the crypt, now a very large amount of money lies in cryptocurrency. I do not think that banks will refuse a tasty piece.

Sure, banks should allow and adopt crypto technology. We all see the popularity of crypto is increasing day by day, No one can refuse the technology.
I think It will happen soon, every thing will be crypto.

[bayiajaib]

Someday when the Digital Yuan from China really reaps success, I'm sure many traditional banks from other countries will follow in China's footsteps. So that more and more stable coins will appear that will color the Crypto market.

Hopefully It will happen, because we all see traditional bank still didn't accept block chain technology.
If digital yuan success, many countries will follow to accept and adopt this technology.

[LaZim]

Banks will have to work with cryptocurrency because of the popularity of the crypt, now a very large amount of money lies in cryptocurrency. I do not think that banks will refuse a tasty piece.

Sure, banks should allow and adopt crypto technology. We all see the popularity of crypto is increasing day by day, No one can refuse the technology.
I think It will happen soon, every thing will be crypto.

At this stage of time, banks do not have legislation on cryptocurrencies. And why do they need such volatile assets. Perhaps something will change in decades, but not now.

[Doctor]

At this stage of time, banks do not have legislation on cryptocurrencies. And why do they need such volatile assets. Perhaps something will change in decades, but not now.

Yes, I think It's need regulations for banks if want to  allow crypto.
The basic character of crypto, we all know. Crypto currency is volatile, the government will hard to control crypto.
But I think It will happen, If digital era come, crypto bank will replace traditional banks.
It's just my prediction.

[Senin]

The traditional banking system is already dying.  Cryptocurrencies are a logical evolutionary development of the old banking system.  Why would banks be needed if a cryptocurrency appeared that allows, without intermediaries, without a third party, on the basis of mathematical algorithms, to transfer values ​​to each other.

I agree with this opinion Cryptocurrencies are a logical evolutionary development of the old banking system. I think old banks should adopt crypto technology, because Crypto is the future technology and will make us do transaction easily.

Cryptocurrency is not a logical evolutionary continuation of the development of the old banking system. Most likely, it can be called a parallel branch in the global financial system. Moreover, this offshoot is not associated with either governments or their banking system. Therefore, the existence of cryptocurrency cannot in any way affect the currently existing banking system. However, this influence does occur. The banking system itself began to use blockchain technology and will use all the best to make its system more efficient. Cryptocurrency does not threaten the work of the current banking system.