Post
Topic
Board Bitcoin Discussion
Re: Do Banks fear cryptocurrency
by
bitmanReturns
on 18/07/2017, 11:44:28 UTC
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature  of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Maybe they do since cryptocurrencies completely wipe the idea of having a central authority involved. Cryptocurrencies run on their own and need no middle man whereas fiat currencies are issued by the government... So, if more and more people turn to cryptocurrencies, they could replace the banking system and implement blockchain technology systems.