Ninjastic
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Re: What will happen to the banks if people uses cryptocurrencies more than fiat?
by
nelsledma
on 21/04/2018, 06:13:20 UTC
Quote from: begau on April 19, 2018, 04:22:19 AM
Quote from: MFahad on April 19, 2018, 04:07:03 AM
Quote from: bei on January 04, 2018, 11:13:46 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?

Still banks have fear of it, I see every banker is against the crypto currency. The reason banks don't like crypto, to see this point of view, then definitely i do agree that in future banks are more against of crypto and then banks will take some step for the crypto currency, that the reason you could see in most of the country banks and governments ban the bitcoin like in India and Pakistan.   
It is true when a new element appears, it can make your existence disappear, you will never like it. Banks will not let that happen or they will create something similar that they can control.
Digital currencies have the power to eradicate paper money. It is just a matter of time but if banks will start accepting bitcoin or introduce some digital currency of their own with heavy offers, which they will definitely do, I don’t think these would be wiped out. Moreover, bitcoin is not a regulated currency but the digital currencies used in banks would be regulated one and legalized by government too.