Post
Topic
Board Economics
Re: Build a Bank Of Bitcoin
by
DaftAjax
on 05/10/2019, 04:27:35 UTC
There is a company that claims to be a bank for cryptocurrency, called Nexo.

If there's really one, please can you furtherly describe this "cryptocurrency bank" you're talking about? I'm really skeptical of how will this work, honestly.

1) In any case, what you are talking about will happen in the coming years, but it seems to me that recently the direction of the cryptocurrency market has changed a lot. 2) Already very rarely someone mentions the independence of cryptocurrency from the banking system, not to mention decentralization and anonymity.  I wonder what kind of product we get in the end.

1) No, I don't think the OPs predictions will not happen in the coming years. Banks have a very different system that does not compliment ANY existing Cryptocurrency. But what I can be sure of is that, somehow, an establishment that compliments the system that cryptocurrency requires will exist. But it's not going to be called a Bank, it will have its own identity.

2) Isn't it already independent of any Banks? Exactly if there's gonna be a bank for this, I wonder how will they handle those 2 significant elements.