How adoption of cryptocurrency would enhance banking operations.

[Etini]

I am just thinking of how adoption of cryptocurrency by mainstream banking sector would help the banking sector. The advantage is just too good.

1) Cryptocurrency transactions happen in lightning speed which would eliminate the issues of network problems in completing transactions.
2) Cryptocurrency transactions are recorded in a decentralized ledger called blockchain. This would help bank to easily track all fraud issues better than it does now. That's because no one can temper with the blockchain technology.

What other ways can crypto benefit the banking sector?

 

[Good-Person]

I think that there are many ways cryptocurrencies could help banks. Banks could receive many investments through cryptocurrencies and this could benefit them a lot.

 

[Bisolami]

I think that there are many ways cryptocurrencies could help banks. Banks could receive many investments through cryptocurrencies and this could benefit them a lot.

It is surely going to help them but I dislike the fact that banks do not favour cryptocurrencies

 

[Nomad]

I do not think crypto is going to help the banks and banking systems, in fact, it is a direct threat to traditional finance.

 

[Bisolami]

I do not think crypto is going to help the banks and banking systems, in fact, it is a direct threat to traditional finance.

It is a threat and that is why banks do not want to approve it. They know that for sure.