Post
Topic
Board Altcoin Discussion
Re: Bank of Crypto?
by
pishite
on 07/12/2019, 05:07:43 UTC
Considering that most people nowadays often find it hard to store and protect their cryptocurrencies, it's best to delegate the responsibility to a middleman. A bank of crypto would fit the bill nicely, as people would be able to secure their cryptocurrencies without ever having to follow the necessary precautions to prevent hacks or theft. As long as the bank of crypto is highly regulated by the government, then it'll be here to stay for a long time. Still though, not everyone will agree to this as it greatly defeats the whole purpose of crypto and Blockchain technology. The idea of a bank providing crypto services would only prove to be viable for newcomers into cryptocurrency. People who're experienced in crypto, wouldn't need this in the first place.

Nonetheless, do you think that a Bank of Crypto will happen anytime soon? If so, why? Smiley

Banks do not want to leave and already want to switch from fiat currency to cryptocurrencies, but why should I give them my coins if I can store them in a cold or hardware wallet.
Moreover, nobody can take them from me.
And if the Banks cease to exist then I will lose my savings.