Post
Topic
Board Economics
Re: Cryptocurrency Banks: needed?
by
Yanisumin
on 26/01/2018, 23:36:31 UTC
Thinking of certain investments in the project where they are planning to arrange a cryptocurrency bank! And I saw discussions about cryptocurrency banks and their "place" in our crypto-future, and, which is even more interesting, noticed that there is quite a number of those who are of the opinion that there is no need for cryptocurrency banks at all. Well, guys, we can discuss that forever, but how do you imagine then the communication with the so-called real world for the sake, e.g., of making deposits or obtaining a loan? How can the whole system function properly without cryprocurrency banks, which are anyway somewhere on the border between the real and crypto worlds?

There are so many ICO's that is offering a bank-like service and they already thought about these kind of problems. But based on their services it won't be enough to provide a real deal in everyday transactions in the barrier between digital and the real world. Unless the government will take part in this bank of cryptocurrencies it won't be implemented, especially in those countries that have a strict policy in the crypto world. They won't let people or private individuals to fully implement the banking system for cryptocurrencies in that kind of problems.
This border will still be governed by the government, and IMO they are slowly taking actions regarding this kind of matters.