Post
Topic
Board Bitcoin Discussion
Re: Why many banks hate cryptocurrency ?
by
alvinmtp
on 26/05/2018, 09:47:49 UTC
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 ?

Because banks are threatened by the cryptocurrency system wherein its features may suggest that we would no longer need banks in the future. If we will think about it, there are a lot of factors wherein we could actually consider not using banks anymore since we can store our tokens/money on line via crypto wallets. Plus it is more convenient compared to banks. So banks are rallying against crypto due to this reason.