Quote from: Glorious04 on March 04, 2019, 08:14:12 PM

Banks would always require collateral for any loan so I wonder what collateral would crypto companies will offer to get banks support on this matter? Understandably, banks turn down not only crypto companies and cannabis but also those who don't have enough credibility of returning them their money. Banks are suckers and that won't help anyone who would try for their back up without enough and tangible guarantee.

exactly. the reason why they are still hesitant up until now towards crypto. the price of crypto is very volatile and considered a very high risk investment. so i doubt they will accept crypto coins as collateral that might lose its value by time instead of gaining its value. banks want assurance and they couldn't see it yet from crypto investments. the ride is one hell of a roller coaster when your investments are in crypto assets. stability is still hard to achieve in crypto. it's understandable that they want tangible proposals rather than a volatile one.