Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: DAMKAR on December 04, 2018, 03:40:59 AM
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Banks will trade cryptocurrency sooner than people think,
I personally believe It will happen when the price of crypto is more stable.
Are you agree ??
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This is really a good news to all investors and this will help improve the service of crypto currency and to be able investors can easily acces and invest to their desired crypto currency that they think profitable.
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Even the price of coins are not stable, banks can be able to handle their own struggles. Of course looking forward in the future they will certainly accept crypto as one of their perspective investment.
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Banks will trade cryptocurrency sooner than people think, says former JPMorgan blockchain executive.
If you are thinking to buy some bitcoins, it is right time as prices will go up soon.
I personally believe It will happen when the price of crypto is more stable.
Are you agree ??
Generally banks prefer to offer derivates products to own investor clients.
But I agree that there is a good probability that in future they will offer direct trading!
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I doubt that banks will begin to trade cryptocurrency, because it’s not at all profitable for them, the maximum is that they can take on this blockchain technology, but no more!
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Is this news coming out after bad news becomes the king as the price reduction? If so, this might be a very good strategy by bringing the name "bank".
Myself is agree because at this time crypto prices are getting worse and worse.
Hopefully this is a very good start to welcoming 2019.
I believe crypto will be stable earlier this year .
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It was also revealed last week that JPMorgan has assigned 29-year-old Oliver Harris, the former head of the firm’s fintech program, to a new role investigating potential usages of cryptocurrencies across its corporate and investment banking initiatives. According to the report, Harris will investigate potential crypto custody and payment services.
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That would be a very good development.
Banks trading cryptocurrency will help in creating awareness for cryptocurrency ,which will increase adoption rate.
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No, banks do not like to risk in finance. They have a lot of opportunities to make a profit without much risk. Banks will not deal with cryptocurrency before the state does not legalize cryptocurrency. Only after the legalization of cryptocurrency by the state will banks use cryptocurrency to exchange fiat. This is especially true of state banks. Commercial banks can raise the bar for risky cryptocurrency transactions, but they also need to legalize cryptocurrency and receive instructions from government agencies.
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Banks are already testing different tools for the use of cryptocurrency and their further integration into the banking structure. Bankers are always looking for ways to make money, while cryptocurrency and blockchain technology provide banks with the opportunity to make money, so they are looking towards this innovative technology and cryptocurrency.
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Yes emphasise testing .... I am just wondering what their test will say about price volatility when it comes to cross border payments and is a stable coin not a great idea after all
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However, she notes that restrictions are what’s delaying the whole implementation of the new technology. Amber continued, “But even where the will is, the legal and regulatory framework is challenging.”