The argument is certainly not the simplest but, in this article, we will try to clarify what are the main reasons why banks are afraid of cryptocurrencies.
It is no mystery that the price of cryptocurrencies changes quickly. Quest intimidates and fascinates at the same time. It gives and takes, essentially, all the risks and benefits of the case.
Cryptocurrencies can be harmful to the environment.
Cryptocurrencies need electricity to function and circulate. According to the banks, this represents a high environmental risk because, although it can be done sustainably, electricity needs to be generated.
Cryptocurrencies are more transparent than banks
The cryptocurrency system allows you to have control over all transactions. The banking system does not.
This aspect can be leveraged above all on the average customer who, if he were to get used to the privilege of controlling all his operations and investments, would expect this same mechanism also in the bank.
Cryptocurrencies generate ever-growing interest
The cryptocurrency system is interesting where that of banks generates disappointment and discontent among customers.
Try to think of a very simple aspect: your bank increases the account management fees without asking you. He does it once, and you stay there so as not to close the account. It does this twice, and you always stay there for convenience. At the third time, you will begin to consider other forms of saving or investing that do not harm your money.
This is why, also, for this reason, cryptocurrencies generate interest in ordinary customers, in addition to the fact that they represent a sort of needle of the balance that, for now, keeps all the tricks that the banks can do on you ethically in balance.
Bitcoin cuts the man in the middle
Perhaps the biggest fear for banks is their right to live. More and more large companies and other currencies are rising, as a result, the banks have lost their authority and their position has been shaken. For many banks, Bitcoin is a new slap in the face. As transactions are no longer pervasive in the banking sector but are completely transparent and cautious towards the blockchain, banks' profitability is under severe pressure.
Nowadays, even large companies can provide loans. You can also choose a credit card elsewhere. Today you are just investing in yourself, just as investing and mortgages have become more fashionable. No, the banks are in difficult times and the advent of bitcoin is spreading more and more SALT on ever deeper wounds. Who knows, in a few years there won't even be banks anymore, or at least there won't be any current banks.
Development is getting faster every day. We are absorbing more impulses and information than ever and new incentives are being added every day. Some people just want more simplicity.
No comments:
Post a Comment