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[flowerpower2000]

Today, there are cryptocurrencies all over and they're starting to get mass-adopted. In the future, everyone might be using cryptocurrencies in daily transactions. If people can manage their own monetary accounts using cryptocurrencies, be secured because of its strong cryptography and enjoy very little fees (where banks have excessive and other unnecessary fees), why would they still trust a bank that does the exact opposite?

 

[SandraShades]

I agree, my friend. Cryptocurrencies look like they're taking over. But banks just need modifications and they must offer other solutions that will set them apart. And maybe lower their fees!

 

[HJVC Notes]

why would they still trust a bank that does the exact opposite?

It is because depositors money are insured unlike cryptocurrencies. Also, if you have a bank account, you can participate in stock market and loan a house and lot for rent as passive income. I'm saying this based on my experience. Don't get me wrong, I use cryptocurrencies to withdraw my earnings online.

 

[SandraShades]

It is because depositors money are insured unlike cryptocurrencies. Also, if you have a bank account, you can participate in stock market and loan a house and lot for rent as passive income. I'm saying this based on my experience. Don't get me wrong, I use cryptocurrencies to withdraw my earnings online.

Oh, yeah I get that. Banks are still relative and still has different key advantages.

 

[flowerpower2000]

It is because depositors money are insured unlike cryptocurrencies. Also, if you have a bank account, you can participate in stock market and loan a house and lot for rent as passive income. I'm saying this based on my experience. Don't get me wrong, I use cryptocurrencies to withdraw my earnings online.

Oh no problem, I was mainly asking anyway. Just citing the features of crypto. But yeah sure I agree about other features banks have that crypto don't. Also, yeah banks have insurance, because they're a company. Investing in crypto is 100% a single person's responsibility so it won't be possible for insurance. I feel like people who would go 100 % crypto are those that are really responsible and ready for their money.

 

[flowerpower2000]

Y

I agree, my friend. Cryptocurrencies look like they're taking over. But banks just need modifications and they must offer other solutions that will set them apart. And maybe lower their fees!

Yes, this too. Modifications and changes to adapt to the crypto era will be good, too.

 

[Davidafer]

The bank cannot really do much except they co-operate with cryptocurrency course in the next few years bank will be forgotten

 

[HJVC Notes]

The bank cannot really do much except they co-operate with cryptocurrency course in the next few years bank will be forgotten

But it seems cryptocurrencies are the one following the bank regulations nowadays. Those that doesn't follow, their bank accounts got freeze. Many crypto currency exchange websites experience this. Some of them discontinue their operation.

 

[matt9005]

The idea of cryptocurrencies is to provide a payment gateway with fast transactions, low fees, anonymity and security. You are not supposed to trust a third party with your funds and banks are exactly doing that. Banks and crypto are just like ice and fire. They will never come together.

 

[overcast]

Most of the governments have denied using blockchain and the cryptocurrency. And they made it possible that the banks don't accept them in future. Something their country can't control, they are not going to be making use of that. I personally think that banks would never choose something they dont have control over, at the most they can make something on blockchain for public to see at the most.

 

[Akaaba]

In crypto only the brave can make it, the banks are even afraid of crypto in general, for it can outshines the bank in future, but I think they better embrace it now

 

[ascott]

Today, there are cryptocurrencies all over and they're starting to get mass-adopted. In the future, everyone might be using cryptocurrencies in daily transactions. If people can manage their own monetary accounts using cryptocurrencies, be secured because of its strong cryptography and enjoy very little fees (where banks have excessive and other unnecessary fees), why would they still trust a bank that does the exact opposite?

yeah it would change the world definitely one day and I think there are some development need for the blockchains to use day to day activities btw its started by now also