For what purpose do banks create their own cryptocurrencies?

[Didosky]

First, at the micro level, cryptocurrency behavior is a reflection of the growing security of cryptocurrency transactions. In addition, cryptocurrencies allow investment Banks to more micromanage their capital operations. This kind of capital operation can be closer to physical analysis. For example, when dealing with capital operation under different conditions, cryptocurrency can better conduct closed research.

 

[Nomad]

I do not know of any banks that have created their own crypto currencies. If you mean central bank digital currency or CBDC, these currencies are created by the central banks which is owned by the government.

 

[Muyesco16]

In other to also be having their own gain and also it's their duty to as a bank to create their own crypto currency

 

[Niftyyem]

Well, I am yet to see a bank owned crypto. CBDCs are more or less digitalized version of a country's fiat, so, I wouldn't call those Cryptocurrencies.

 

[Josemendez]

First, at the micro level, cryptocurrency behavior is a reflection of the growing security of cryptocurrency transactions. In addition, cryptocurrencies allow investment Banks to more micromanage their capital operations. This kind of capital operation can be closer to physical analysis. For example, when dealing with capital operation under different conditions, cryptocurrency can better conduct closed research.

I must admit that I do not understand the message you are trying to pass here. As regard to the tittle of the thread , banks are not creating their own cryptocurrency , infact they won't be supported to do so unless the central bank which will be for the country.

 

[Hena101]

To be sincere i don't know or heard of any bank that create their own crypto currency the only thing i know about is there are some countries that want to create their own crypto currency.

 

[Bousine123]

I think they are trying to keep up with the changes that are occuring in the crypt market. They do not want to be left behind when the way transportation is done is changed.

 

[Dowenship]

Probably because they don't want to be left out and considered as old... Recently I saw a debit card form in my binance account, I realized that crypto can take over banking sector...

 

[FreshKaz11]

First, at the micro level, cryptocurrency behavior is a reflection of the growing security of cryptocurrency transactions. In addition, cryptocurrencies allow investment Banks to more micromanage their capital operations. This kind of capital operation can be closer to physical analysis. For example, when dealing with capital operation under different conditions, cryptocurrency can better conduct closed research.

I think everybody wants to follow the trend that why banks as well could think about creating their crypto currency coin, and lastly they also know they would make more profit from it as well.

 

[Nurudeen]

I think you need to make more research and get your fact right. I really don't think any bank in the world owns crypto currency and the government of a country can not even allow that

 

[Blessingedidiong]

I don't think I have heard of my bank creating its own crypto currency. But if eventually banks create their own crypto currency,it will be for the sole aim of making profit. Every investment involving banks has always being to maximize profit and this also applies to every other business.

 

[Yusuf]

It has not really been communicated on any media outlets that banks are now building their own crypto currency. However, I will make more research about this to ascertain it's authenticity

 

[eLdavis]

I don't know if banks have started creating their own personal coin. If at all any of them have started, it might be under the directive of the state government

 

[Good-Person]

I think people would love to create their own cryptocurrencies so that they may become famous. I guess most of the creators of cryptocurrencies are rich people. One such example is the CEO of Binance.

 

[Chizfab]

I haven't heard of any bank owning or creating their own crypto currency, let alone the ones in my country, since they ban the use of crypto currency as means of payment. As a matter of fact, this is the first l am reading about it.

 

[Suba]

The main purpose of a central bank to create their own cryptocurrency or central bank digital currency (CBDC) is to prevent the increase in the circulation of cryptocurrencies such as Bitcoin. Eth etc, which can disrupt their financial circulation.

 

[McIrx]

Banks are financial companies geared towards making money. At least we know some of these banks are invested in other money making ventures. If banks are creating their own coins it is definitely to tap into the increasingly growing cryptocurrency market.

 

[mcjerry]

I do not know of any banks that have created their own crypto currencies. If you mean central bank digital currency or CBDC, these currencies are created by the central banks which is owned by the government.

I have also not seen a bank that have there own crypto currency. I don't think that they will make much profit form it because transactions in the bank will reduce

 

[Senator]

The subject of your post mentioned banks creating cryptocurrency, I have never heard of banks creating cryptocurrency. You should have at least mentioned the names of those banks that have created cryptocurrency in your post

 

[Chibson]

The main people is banks create their own cryptocurrency is to simply carry out decentralized transaction because this is definitely the future of finance.