Post
Topic
Board Bitcoin Discussion
Re: Are banks scared of crypto
by
lobat999
on 12/09/2019, 12:36:45 UTC
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.

Not all banks are scared of crypto since some are making efforts to adopt this technological innovation and use it to further strengthen their
business and never get left behind by competition. I guess only banks that don't support crypto technology should be scared if they aren't wise
enough to adopt to it. Imho.