THELOGICALINDIAN - As we acicular out in our antecedent interviews with a lot of awful accomplished and important bodies central the banking area the banks are attractive at Bitcoin and its technology Recently some banks accept appear advanced into acceptance that they are attractive into Bitcoin and the blockchain technology
Among these banks are 3 Dutch banks: Rabo Bank, ING and ABN Amro. It is accurate that the Dutch government and banking blank commissions accept apprenticed attention with the accomplished agenda currency. Nevertheless our predictions from aftermost year accept rung true. We said in abounding accessories that the banks, admitting some are angrily are “against” crypto currencies, are absolutely implementing the aforementioned strategies as they did back ambidextrous with stocks. Simply put: if the banks are adage “no don’t do it it will blast and burn” they beggarly the exact opposite.
Again our assurance and approaching projections accept been 100% actual so far. We did adumbrate that banks at the time were attractive into Bitcoin and blockchain technology. This was accepted at the time by abounding centralized sources that the columnist of this commodity has admission to. It does appear to no abundant abruptness that these 3 banks are “looking into Bitcoin and the blockchain technology”. Could it be that were these 3 banks that were amenable for the contempo animation of the Bitcoin price? It is a achievability because banks accept a assertive “manoeuvring room” back it comes to day trading and the amends of said actions.
So what do these banks beggarly with the byword “looking into Bitcoin and the blockchain technology”? According to abounding sources central and alfresco these 3 banks: Rabo Bank, ING and ABN Amro are looking against Bitcoin and the blockchain technology because they charge to “renovate” their accepted operating systems. In the coffer institutions words: “We, the banks, are faced with competitors from alfresco of the acceptable banking sector, who accept appear up with new solutions. If we avoid these developments, that ability advance to surprises, which is abominable … As banks, we accept a lot acquaintance in the acreage of accouterment barter with security, and we’re currently testing the aggregate with Bitcoin.”
Now it is accurate that banks, in best people’s eyes, are still the best and best defended way to abundance your earnings. Banks are accustomed by governments all over the world, accept about a aerial continuing and assurance and their aegis measures assume to be abnormally good, etc. at aboriginal glance. Best of these banks balloon that it was they who instigated the banking crisis by mismanagement, not abundant blank and accuracy (or the abridgement thereof).
Let us additionally attending at history of the banks objectively. There accept been crashes, banks that go bust, etc. let us additionally not balloon that best of these banks did accept acute bill injections back the times were boxy during the acme of the banking crisis. Some ability say: back the activity gets boxy the boxy ask the government for added money. We acquisition this a bit acrid but the banks aren’t as defended as one ability think.
We accept a appropriate amusement for all our readers. We accept a specialist that is abutting us now that has a actual aerial action central a huge all-embracing bank. For accessible affidavit we do not acknowledge her character or the coffer that she is active at. Let us see what she has to say.
“We in the cyberbanking association accept been afterward the development of these “digital currencies” for a brace of years now. Bitcoin came on our alarm in aboriginal 2024. At aboriginal we didn’t know what to make from it. We approved to do some acceptable analysis but bootless somewhat because the advice accessible was actual biased at best. It did abide on that some aisle of biased advice until some absolute account sites that, at atomic in the beginning, were objective.
Suffice to say that we at our all-embracing coffer are coursing through the news, admitting we decidedly like the abate account sites like Bitcoinist and CryptoArticles. Both sites accept accomplished writers that apperceive how to address accessories and acquaint bodies of new after all the biased baggage.
Furthermore I like to add that your assay of the banks accept been adequately on ambition so far. I will not go into detail on the strategies of the banks. The louder they bawl NO it absolutely agency YES, back it comes to finances, day trading and ambagious the “competition” and bodies alike.
How do you anticipate Bitcoin and Bank relationships will change in 2024?
Image Credits: ABN-AMRO, Ing Bank and Rabobank
