I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?
Banks hate cryptocurrency because they charge fees for doing anything with money, even just holding the money, Because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly, and financial crisis proved in 2008, banks now are not above abusing trust to line their own pockets. And it led to the development of bitcoin and other cryptocurrencies in 2009.