Quote from: uneng on Today at 06:35:16 PM

Quote from: Ojinga on May 21, 2024, 10:22:06 PM

So what I'm ultimately getting out here, is that crypto currency can't go in line with banks. What are your thoughts towards this?

Not only it can go in line with banks, as it's already happening at many banks around the world. Here in my country we can already invest in cryptocurrencies through our traditional banking apps, so the bank is a middleman between you and cryptocurrencies. The problem is that you can't cashout your crypto funds from the platform, so the bank has it on their hands the whole time, and as we know, not your keys, not your coins... It's definitely a big issue, although banks don't have any problems in offering this investment opportunity for their customers.

This offer from banks to invest on crypto is very popular nowadays since Paypal have this kind of feature too but users is just buying virtual crypto currency and not the real currency since you already that you can’t withdraw it. It’s only a proxy cryptocurrency which all users investing on the price of crypto and not on the real crypto.

All the purchased on that bank app is not directly affecting crypto price. I believe it’s way of the bank to still be relevant for crypto investors by offering a fake cryptocurrency for their customers just to keep them using their service.