I hate to be that guy but I've seen several posts recently bemoaning banks for shying away from dealing with crypto businesses and clients.
Listen, it's hypocritical for crypto owners to complain about traditional banks being hesitant in dealing with crypto because the very idea behind crypto currencies is to disrupt or replace traditional banking systems. If crypto advocates want to challenge the established financial system, they cannot simultaneously expect banks to embrace the disruptive technologyβthat's a suicide pact.
Banks have legitimate concerns about crypto's volatility, security, and regulatory compliance. It's silly for coin holders to demand that banks take on these risks and costs without also acknowledging the risks and challenges that come with crypto ownership and the existential threat that the success of crypto poses to banks. It feels like people expect to benefit from the technology, get the benefits of early stage disruption, but none of the consequences of digital assets.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments