Post
Topic
Board Bitcoin Discussion
Re: Do Banks fear cryptocurrency
by
shalnark
on 06/11/2017, 21:36:32 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!

If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.


Yeah you are correct because crypto currencies is possible treat to the banks. Owners of banks are afraid to digital currencies because there possibility people did not need banks to save money. Through digital transaction banks are no involvement and no hazel in depositing money and withdrawal of money. Digital currencies can be save without banks transaction and less hazel. That's why banks owners are afraid in crypto currencies.
Not totally fear to crypto currency, because more capitalist are choosing bank instead of bitcoin because they all know that bank is more secured than bitcoin. Yes is true that all transactions circulate to bitcoin is more easier than bank. However bank was offered insurance for the security of money to their clients, while bitcoin is not. In addition crypto is more threat than bank especially to the thieves and hackers.