• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

For what purpose do banks create their own cryptocurrencies?

  • Thread starter Thread starter Didosky
  • Start date Start date
Didosky said:
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.
Click to expand...

Personally, I'm never going to trust any cryptocurrency that any banks in my country Nigeria pushes because these greedy bastards can't be trusted with CBN controlling them.
 
Heatman said:
Personally, I'm never going to trust any cryptocurrency that any banks in my country Nigeria pushes because these greedy bastards can't be trusted with CBN controlling them.
Click to expand...
I expect you to be more respectful to your country, I am also a Nigerian. Every country has it challenges and they are managing it. You should note that no government or bank has created any cryptocurrencies what they are creating is a digital version of fiat currencies. I bet you , you have no choice than to use E-naira if launched except you are not making digital transactions.
 
Because banks like most other financial institutions wants to maximize profit as well. Creating cryptocurrency is one way to make money for them
 
The bank them know their purpose why them created their own cryptocurrency because them want to make their own gain from it, I can say that is their reason.
 
There was actually a time I heard over the news that the government of my country is going to create any cryptocurrency of there one that is going to be won by the Central Bank but I already knew that it's something that they can be able to do.
 
I don't know where you got your information from but I've never heard of a bank owning a crypto currency,but I've seen football clubs develop tokens which is quite cool so you need to go back and research more
 
Personally I believe that the government and the Central Bank of a country is doing against cryptocurrency is to find a way to make their own cryptocurrency and take over.
 
I think you are talking of the digital crypto currency ,and it's stable because I Know that the banks are not well linked to the fluntuating and more volatile crypto currency
 
The world has actually come to understand the importance of cryptocurrencies in the world today which is why governments are trying to build your own cryptocurrency in order to take advantage of what is going on right now.
 
In many countries, Central Banks are exploring the possibilities of launching their own digital currency. However these banks are owned by the governments. They are not launching crypto currency, instead Central Bank Digital Currency.
 
To be honest I haven't heard of any bank that have created their own cryptocurrencies but it's possible they have because that's what's next level for transactions at the moment. If you know any bank that has done this you could let us know.
 
It has actually certainly not truly been actually interacted on any type of media electrical outlets that financial institutions are actually currently structure their very personal crypto money. Nevertheless, I will certainly create more research study around this to determine it is credibility
 
The benefit of taking part in crypto currency transaction is something that is well-known all over the world right now and if I'm not setting of to take advantage of it means that they are fools.
 
I am kinda lost in your post thread. Probably you can edit and pass the message. Regarding the title, I don't think there is any bank that has created its crypto coin. The government doesn't support it anyway so I doubt if they will ever create one.
 
This is why the banks would need to carry out surveys as regards those who use crypto, by the time the banks venture Into crypto, they can set them into active trade within the markets just like usd.
 
For the fact that banks and even government as in individuals becoming multi-millionaire house from trading in cryptocurrency is one of the major reason why they are trying to push in their own cryptocurrency.
 
Didosky said:
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.
Click to expand...
Pardon me for this comment but your post is incoherent that I cannot understand. Maybe you are drunk right now? Sorry for saying that because you are like my uncle when he was drunk, that's the way he talks. He connects things that are not in any way connected to each other.
 
I think the thread wasn't properly constructed. I have not seen banks launch cryptocurrency tokens . The banks are the front burner critics against the survival and adoption of cryptocurrency in most of the countries .I heard of some banks making plans to integrate crypto services to its mobile app.
 
Although not sure of a bank that has done this but it would be for the same benefits individuals and corporations are making use of crypto currency more and more, it's decentralized nature is key
 
I don't think we have banks that has its own crypto coin. We only have banks that deal with crypto coin and the digital coin. And not digital coin is crypto coin.
 
You must log in or register to reply here.
Back
Top