Post
Topic
Board Economics
Re: Why don't banks work with cryptocurrency?
by
1l1l11ll1l
on 24/06/2021, 11:38:03 UTC
I believe that banks do not accept cryptocurrency as they are two different systems and they cannot exist with each other. At the same time, there is a struggle between banks and cryptocurrencies, and if suddenly banks start accepting cryptocurrencies, it means that the current financial system is gone and another system came instead. But now it is too early to say, since it is not yet clear who will win this battle, bankers or digital devices.
The simple thing is because banks use a centralized tied system, where banks are too tied to government regulations, while crypto offers blockchain technology which is a decentralized system. it is certainly the opposite and it may be difficult to implement blockchain in such a complex system