Banks are continuing their fight over crypto. Many of you might have seen already that you are unable to buy crypto with your bank account savings or checking or risk losing your account with them. Perhaps banks might need to start raising their interest rates then finally right?
Even those with a very long track record are getting their account shut down.
This comes a few months after JP Morgan said bitcoin was cash and considered all buys from their cards as cash advances which comes with a massive new fee. Currently their is a class action lawsuit against them because of this.
So how do we the people continue to fight back?
We keep buying crypto and using it more and more for loads and everyday transactions.
Pay off any debts you have to the bank and continue to use them less and less - Unless your getting cash back and can pay off your card in time wink wink
Banks are not to big to fail and we the people need to make what happened a few years ago with the bank bailout never happen again and stand up for our rights and what we do own!
The bankers will not go down without a fight. If you have an account, or know someone who has an account with Bank of Montreal, show them this:
Yuck legit disgusting that now they are trying to tell you what you can do with YOUR money
banks are obsolete
R.I.P banks Long live CRYPTO!!
No matter how hard banks fight against crypto, cryptocurrency is the future.
I would like to agree with that but they still have a bit further to go to replace them hopefully soon though!
Banks will fight tooth and nail, not all welcome change.
Remember that cryptocurrency advocates decentralisation which is effectively the end of the banking system as we know it.
Banks like stability
They like it so much we had to bail them out of billions of dollars
Wasn't the first time and as sure as anything it won't be the last.
It's going to be a long fight, they will keep pushing to retain control of the financial market but I believe in the long term, the banks will lose a lot of their powers.
Indian Banks have three months before all of them stop supporting crypto transactions. I don't know how we will survive after that but I still am keen on holding my coins.
As the technology continues to evolve, we will be able to achieve monetary sovereignty away from not only the banks but governments.
Well this is a war,with many episodes.
I strongly believe that cryptos will win this war long term.
But to be honest,there are cases that regulations and taxation (probably as necessary evil) would save us time and effort.(not that i like the prospect)
It is very interesting for me to observe what is going on and try to understand the global money agendas.
Honestly I think that the whole banking system has to become our history.
People from the future will lough at us because we allowed banking system to exist (I mean the organization ) in our society.
The more individuals and companies agree on using crypto in exchange for good, the more it is going to prevail. Crypto needs to be promoted to more companies as to accept it as payment. This would finally make individuals not dependent on banks and they would risk being obsolete if they didn't adapt to the interests of their customers.
crypto will dominate bank, best of luck crypto.
thank you for share good stuff sir.
good idea@bitcoinflood
We need make #ENDTHEBANKS
It’s not going to be an easy fight, but lets ask ourselves this - when hasn’t technology won? Some may wish cryptocurrency didn't exist. They may even try to ignore it. But it doesn't make it any less of a reality. For those of you who are embracing blockchain and crypto, head over to Blockbasis, where users can send and receive crypto with just an email address. We hope our easy to use service will allow society to be more accepting of cryptocurrency with our goal to make crypto accessible to the masses!
crypto will win! I hope so :)
You're on the @abusereports naughty list! Bad Steemian!
Thank you? lol