We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain cryptocurrency project,which first launched in 2015, which is said to aid them in settling transactions over blockchain.
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins bitcoin out of the market.
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https://zycrypto.com/banks-going-kick-bitcoin-new-coin/I can assure you that it will not succeed because of the following
* banks are centralized which means that every transaction you made is being monitored. And that alone contradicts the way cryptocurrecies work.
* not all people use the same bank so the transactions by using that coin is very limited compared to bitcoin.
* The source of your funds will be questioned if it reached a certain maount just like in fiat and the bank will decide whether to report you to the police if they believe you funds comes from illegal activities even if is not.
*banks are less secured compared to blockchain technology.
*the banks are the ones that going to process your transaction and not the miners so many people who mine will not entertain the banks coin.
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And for the last one
* banks are greedy bastards and will not increase the value of the coin to prevent them from loosing money over it and the price will be surely regulated by them.