Post
Topic
Board Bitcoin Discussion
Re: is it true that bitcoin is a disaster for local banks
by
jonaire99
on 02/09/2018, 07:46:25 UTC
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks


Bitcoin is created as form of payment for online purposes and not to destroy any institutions like banks. I think the banking industry as a whole is not afraid on the cryptocurrencies, they only dislike them because they are decentralized or can not be controlled by anyone including the governments. Banks can survived the so called attack of cryptocurrencies and blockchain on other currecnies like fiat because they can also make or issue their own crypto if they wanted to.