Do you think cryptocurrency must get support from the bank?

[Xtinah]

I really don't support that because getting support from the banks means involving the government. Cryptocurrency is decentralized while banks are centralized. If cryptocurrency becomes dependent on banks, it will limit its use and it won't be as unique as it is. It will be controlled.

[laughingburger]

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.

Getting an external support is always better than standing alone by yourself. Definitely crypto will not need a bank to survive the survival of crypto greatly depend on the investors.

[Robiul789]

I don't believe that banks are going to help or cryptocurrency getting help from banks because banking systems fully against of cryptocurrency.

[Contagem]

Cryptocurrencies may benefit from bank support and gain greater popularity, security and distribution, but I believe that the use of cryptocurrencies may cease to be anonymous and decentralized if banks begin to regulate, control and store cryptocurrencies of bank customers.

[Fenix]

Cryptocurrencies may benefit from bank support and gain greater popularity, security and distribution, but I believe that the use of cryptocurrencies may cease to be anonymous and decentralized if banks begin to regulate, control and store cryptocurrencies of bank customers.

Yes, in general, you are right. Cooperation between banks and cryptocurrency is inevitable and it will be mutually beneficial, including for cryptocurrency. Especially quickly this process will occur after the completion of the process of legalization of cryptocurrency by the states, when banks receive the appropriate instructions about cryptocurrency from the competent state authorities. At the same time, banks will necessarily provide cryptocurrency exchange services. About the rest of operations in cryptocurrency, not sure. This will depend on many factors and ultimately on the profitability of these operations for the banks themselves. Of course, the level of anonymity and confidentiality of cryptocurrency holders will fall.

[Robiul789]

Only those countries accept bitcoin as legally, those countries bank accepts bitcoin as their payment system. Otherwise not.

[Davidniam55]

if in my opinion it must be bro. because with the support of the Bank, it will make the Cryptocurrency world better and have an enormous opportunity to become a currency that can be accepted by every country legally like a paper currency

[this-website-is-bitch]

The banks have their freedom and chance to support cryptocurrencies, thats their business, but the cryptocurrencies should not trust and rely on them.

[Fenix]

Yes, cryptocurrency and banks will be forced to coexist and cooperate in the future. Banks will at least provide services for the exchange of cryptocurrencies in the usual currency. It will be beneficial to both banks and the development of cryptocurrency. Of course, this will happen after the states legalize the cryptocurrency and the banks receive the appropriate instructions from the state bodies.

[Felolv]

that's right. And this is sad, because many countries simply prohibit the use of cryptocurrency.

[sampoerna]

What kind of support and involvement that a bank can do? So far, we can see that banks also have relations to the cryptocurrency, moreover in helping for deposit and also cashing out.
But I also think that it is not enough. If you mean to make it as an integrated system, I don't think it will be easy, because it should be a centralized system.

[tsakf]

Yes, cryptocurrency and banks will be forced to coexist and cooperate in the future. Banks will at least provide services for the exchange of cryptocurrencies in the usual currency. It will be beneficial to both banks and the development of cryptocurrency. Of course, this will happen after the states legalize the cryptocurrency and the banks receive the appropriate instructions from the state bodies.

I agree with this, but it will take time. We are still, in the early stages, and I don't think, that the banks, will accept, that other entities, may coexist with them, at least for now.  Later, when they see that cryptocurrency fighting, will take them nowhere, they will start to think more positively.

[Altcoin1998$]

Not only me but also all others investors and traders who not want to support the idea that cryptocurrency feedback with reputation bank and governments. If banks and government give support then it could be possible to ride up.

[tarolog]

In principle, cryptocurrencies in a certain way oppose themselves to the banking structure.  Therefore, I do not think that we should expect any approval from banks. I am shure in this.

[aldenlim]

I really don't support that because getting support from the banks means involving the government. Cryptocurrency is decentralized while banks are centralized. If cryptocurrency becomes dependent on banks, it will limit its use and it won't be as unique as it is. It will be controlled.

Cryptocurrency is impossible to be dependent on banks or anything similar to banks and just what
you have said this technology is decentralized so it will be impossible to happen. But some banks
are already supporting cryptocurrencies just like in my country.