Banks and Cryptocurrency: Is a Peaceful Coexistence Possible?

in ico •  last year 

We can see an acute confrontation brewing between traditional financial institutions and cryptocurrencies. The most influential world banks now emphasize the importance of blockchain technology. They remind of its capabilities but simultaneously criticize bitcoin for its volatility, anonymity, and high risks.

A new battle called Bitcoin vs. Banks has already begun. The first months of 2018 showed banks beginning to take more active measures than just words and statements. Crypto-exchanges began to experience issues with banking services; many investors cannot buy digital currency using payment cards.

In different countries, banks and cryptocurrency have their own unique relationships. But each financial institution focuses now on increasing the protection level against the risks associated with cryptocurrencies.

We’ve gathered the main arguments seen amongst banks in various countries that somehow do not want to see cryptocurrency as their hard-bitten competitor. Visit our website to learn how banks worldwide are handling the ever-growing presence of decentralized currencies >>>>

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hello! Welcome to Steemit.

In order to prevent identity theft, identity deception of all types, and content theft we like to encourage users that have an online identity, post for a website or blog, are creators of art and celebrities of all notoriety to verify themselves. Verified users tend to receive a better reception from the community.

In order to confirm your authorship of the content, please make a mention about Steemit or add a hyperlink to Steemit on:

You can remove this mention once we confirm the authorship.

Thank you.

More info: Introducing Identity/Content Verification Reporting & Lookup