This might sound like an odd title. The banks do not like crpyto and neither does the stock market. There is this idea that one cannot exist without the other. That bitcoin is going to take down banks and cash. But there will probably both be fine. Same with stock markets and crypto. All of these things will be around in the future. And the longer it takes for banks to get involved the more opportunities they are going to miss out on. Same with big investing firms. It is in their interest to get involved.
But not only that, these places are there to do business for you. They are there for your banking and investment needs. And if your needs are crypto related, let them know. Fill in questionnaires that tell them you want to be able to buy and sell your crypto. Tell your investment specialist you want him to get more involved in crypto. If they know enough interest is there they would be wise to look into it. And if this is where the market is going they will probably follow. You have more power than you think.
It is the same for websites. If a site does not pay you for your content do not use it. If you want cryptoto be the future then find sites like steemit that utilize it. We live in a world where the tools are in your hands and it is clear what people are using and what they are not. And when the numbers are there big things will follow.
I am not saying what you should or should not advocate for, just letting you to know if you want something let people know, even if it is not something the company usually deals with. Times change and the people help change them.
I asked my local bank about crypto like 2 weeks ago.
I wanted to know if they are or will get into this cryptocurrency stuff.
And they said that they will only if other big banks do it first and it works for them.
My bank (USAA) is actually quite friendly when it comes to crypto. They even have Coinbase integrated into their banking app so that you can link your crypto accounts.
The only downside is you have to be a military member, veteran, or family member in order to open an account there.
Honestly, I think the longer they stay out the better for both industries (crypto and banking). Cryptocurrency answers needs that legacy banking could never and will never. Keeping banks from being able to shut your freeze your account because you send money to an exchange would be more useful, possibly. I just believe the longer they stay apart and the harder they make on-boarding crypto to legacy systems, the FASTER cryptocurrency/Bitcoin and the supporting networks will solve the technical frictions and grow.
Okay, this idea makes me think in a different direction....................
Most of the modern players in the market are not modern at all. They have there for decades, if not centuries and they know how to survive. In the end they realize what needs to be done for their own survival.
I think for now, coexistence have to be the key, Even they feel the pressure that's been building up for last ten years. If they didn't feel it before, then they definitely felt it after 2017. Perhaps letting the banks know that customers are interested in crypto can be the impetus they need to move in the right direction.
I am no fan of banks or the banking system but that will not make them go away. Probably we should seize the initiative and start a dialogue by letting them know our interest in crypto.......
Very good. These are exactly my thoughts. There is enough of space for all forms of money to exist. And banks have the most of it. And also they will find all the options to earn more money.
That's the fact we like it or not.
Why the banks do not like crypto. Hopefully in future every bank will accept crypto
they don't like crypto because crypto is a replacement for banks.
umm, ok , but don't forget the point of decentralised currency in the first place. To create something out of the hands of others... i can see crypto custodians in the future and separate crypto services... but no more banks. There may be no more bitcoin then either, but it would have done its job. Not overnight tho.
the hard truth is, the system is fraudulent.
Some Checks are fraudulent.
Some dollar bills in circulation physically are not legal.
Bitcoin is not fraudulent.
No brainer..
I said my bank to do soo but they don't care me 😢 @whatageek
preach it
The beginning and ending point of cryptocurrency is the removal of the middle men (fees/rents/tracking) and the elimination of the need to trust institutions or individuals, but instead trust MATHS and a massive crowd of differently incentivised stakeholders (so a relative balance is achieved)
Decentralised systems that maintain a modicum of pseudonymity are the antithesis of Centralised bureaucratic systems that intend to take way more than they give (rob) and remove your freedoms
I not want banks ... they must go. Sorry .
Banks they have done more evil in this planet than cryptocurrency .
on 6th july 2018 the price of bitcoin is go to down 1.84%...
Bitcoin is down 1.84% at $6,492.420 with a volume of Ƀ59.6k - $392.1M on the USD pairs.
Feels like it was written by a gossiping sophomore. In high school.
Or a pitch from an affiliated marketing company. Feels more like that.
Taking out the trash in a few, I'll bring this with me.