Quote from: Clark13 on February 03, 2018, 09:00:43 PM

Quote from: SanjeewaCrypto on February 03, 2018, 04:44:13 PM

It is true that the crypto-currencies will become a challenge for the existing fiat currencies due to many reasons. But my view is banks must not consider it as a threat and they should transform their business model to adopt crypro-currency as a part of their business. What is your opinion in this reagrd?

If we are going to give the banks the opportunity to lead the cryptocurrencies such as bitcoin, then maybe there will be limitation for transactions since it is not from the blockchain anymore. Another thing is that transactions will be longer than what it is today. Banks will be overload by works by the real currency added by all the cryptocurrencies in the world. There will be misconceptions, errors might happen, bugs such as not claiming the right amount and others. The people choose to be here in cryptocurrencies since it does not have any middleman and putting it in the bank will lose the consumer.

The system of cryptocurrencies is not yet "mature" enough for the central bank to regulate its operations. Perhaps banks can reconsider the decentralization of virtual currencies.