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Is crypto currency a threat to banks?
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[QUOTE="Bookwormlux, post: 82137, member: 25193"] Crypto currencies are decentralized, and this implies no country's central bank can directly regulate how crypto currencies are handled, and this makes it a safe haven for citizens who are already tired with the way banks operate. Most of these banks are interested in using our money to do their business and they only offer little interest rate per annum. With this, a lot of people have resorted to keeping their monies in crypto currency wallets instead of banks Because they are hopeful that their money is going to appreciate in value with time, unlike banks who only deduct charges without your money appreciating in value. Discovering this, the central banks of so many countries have decided to ban their banks from facilitating crypto currency transactions, because they see it as a threat to them since they do not have direct control over it. What do you think? [/QUOTE]
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