Why many banks hate cryptocurrency ?

[Jako0203]

because it's more safe and easier to use crypto wallets than today's banks, and it's great for free, rather than a bank that you still need a big balance

[Maxc163]

Good evening. It seems to me that banks do not like cryptocurrency, because they can lose profits. In crypt transfers cost cents. But banks are not profitable.

[cora]

Cryptocurrency can surpass all the banks with one flip. It comes with the capability to put off the center guy in any respect transactions among people, which may be re-phrased as cryptocurrency can put off banks effortlessly. They both are opposites of eachother.

[Speaker]

Of course, it is unprofitable for banks to compete with cryptocurrency.That's why cryptocurrency is not a recognized means of payment everywhere,like Fiat. Another thing is that banks are already using cryptocurrency technologies and in the future can even curb it.

[Baroksz]

maybe not like that, but Bank and Crypto are different in their principles and actions. I think if the Bank doesn't like Crypto, but for people who work at the Bank, I'm sure there are those who are interested in Crypto.

[cukong]

in my opinion because there are some bankers who don't like the existence of this cryptocurrency, the basic principle is different, banks have an authority to save money, while crypto is not, so crypto has more freedom in managing its money

[mar]

The main reason banks hate crypto currency of course because banks worry if crypto currencies continue to grow then everyone will never save money in banks and more interested in storing in the crypto currencies that can make banks collapse.

[Cutter Cute]

The bank has been around for a long time before crypto existed, cryptocurrency is the future of online payments and everything is decentralized, actually there are benefits if the bank rejects crypto, we can create crypto banks, with this there will be new crypto with partners or have crypto banks.
Traditional banks will certainly be worried and soon adopt crypto because of technological competition

[densus88]

I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin?

Because Many investor prefer to invest in crypto currency than bank. Crypto is more profitable than banks.

[MOProgress]

I feel these guys sees cryptocurrency as a challenge to their banking business that's why they hate and also cryptocurrency will make many people to invest their money instead of keeping it in the bank.

[paolobaltimori]

I think that every big financial bank is trying to create its own blockchain in order to try to implement their model which si NOT decentralized, and that's the point, they don't want decentralization, not bitcoin, because decentralization means that they can't have control.

[nakmantu99]

I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin?

In my opinion I think banks should accept crypto currency or create new crypto.  because crypto is the cuture technology.

[Dynamite]

For me, banks cannot kill bitcoin potential and it's popularity all over the world. Whether we like it or not bitcoin will exist more years from now or possible forever in this world of digital place. They hit bitcoin because bitcoin is uncontrollable by the government.

[Deallove9]

Those in top position controlling our economic will never want the power to get away from them in any case and seeing bitcoin giving investment and banking low to people are never happy in their mind and will do anything to make it not work but , people seeing this bitcoin as a way out from centralized government is way forward and that was why banks never support the use of bitcoin as funds are moving away from them in large to bitcoin.

[May]

cryptocurrency is the future of online payments and all are decentralized, there is actually a benefit if the bank rejects crypto, we can create a crypto bank, with this there will be new crypto with partners or have crypto banks.
Traditional banks will certainly be worried and soon adopt crypto because of technological competition