Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can / cannot replace the banks ?
by
milewilda
on 10/03/2021, 20:38:08 UTC
The goal of the same banks is to exclude cash payment from circulation, for this banks will use BITCOIN in the future, because even now BITCOIN provides banks with a service that people eliminate cash in favor of bitcoin. The main reason here is that BITCOIN is more manageable than cash, because BITCOIN always leaves its mark on the network, while cash is more difficult to track.
 

It’s no use for banks to use BTC to replace fiat money. Think all of us heard that the world’s central banks are actively working on implementing CBDC’s (central bank digital currencies). So, to my mind, banks will use CBDC’s for the purpose you’ve wrote about.

They would really be ending up on choosing or using CBDC rather than for them to attached themselves with Bitcoin. On general sense, what would they really get if they do have that kind of integration?
They do know that its uncontrollable and a anonymous which simply defies nor opposes the true essence of banking system which is fully centralized or into that certain manner.
To those people who have been keep telling about bitcoin replacing banks? Its impossible to happen no matter how crypto would able to become mainstream but these
institutions would really remain no matter what.As long government exist then centralization will always be on the top priority,hence, people do still prefer the traditional
way for sure.