Quote from: btcholder on September 12, 2019, 12:02:19 PM

Quote from: Elchapo3455 on August 22, 2019, 08:41:38 PM

What is your thoughts on banks banning the sales of crypto do you think they are scared they will be replaced

I think also they are scared of crypto. If you check last couple of years, crypto market is rising very strongly. Crypto is one of biggest opponent for bank industry. That's why many banks try to create their own blockchain. They know sooner or later crypto will replace on bank and that's why they are trying to create their own blockchain.

Cryptocurrency does not even have the illusory ability to significantly affect the work of banks. Banks will always have enough of their work, which will not intersect with cryptocurrency. First of all, it is servicing and lending to the economy of the state, and in this regard, banks work closely with state authorities. The second area is banking services to legal entities of all forms of ownership. If someone thinks that business structures will switch to cryptocurrency settlements, they are mistaken. Business structures need banking support of accounting documents, which are then provided to the tax service and audit. These documents will not replace any blockchain. As a result, banks will cooperate with cryptocurrency in those areas that will be beneficial to the banks themselves. These are such as exchanging fiat and cryptocurrencies, participating together with cryptocurrency in payment and credit cards, and others.