Post
Topic
Board Altcoin Discussion
Re: What are your opinions on Crypto Banking?
by
Virtual miner
on 18/03/2019, 18:52:05 UTC
I know that a lot of people think "I can save my crypto's on my own with a ledger", but is that really the way we have to go? The idea behind Crypto Banks is to have a decentralized platform that can carry out all of the same functions that a traditional bank can without the need for a mediator.

But lets cut to the case, why this thread/question?
I've seen a pretty nice article about ATRONOCOM ( https://coindoo.com/crypto-banking-the-future-of-personal-and-business-finance/ ) with so to say chewed up informations about Crypto Banks, and i want to know your opinions on Crypto Banking also because there are a lot of Crypto banks that are trying to make a new platform/product. Should we start chasing them Huh
A crypto bank makes no sense whatsoever. Banks are intermediators between two persons who want to transact with their money. While the very basic idea of the blockchain and cryptocurrency world is to eliminate on whole the need of a intermediator and process P2P transactions directly from one person to another. If we come with a crypto bank then that bank would have full access to your wallet and keys. Which will destroy the fundamentals of crypotcurrency. Yes, there is just one case in which bank could serve a role and that is merely acting as a regulatory institution but that too would require you to provide the bank with all your credentials which will once again not agree with the idea of crypto.