Cryptocurrencies Future Tense

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He or she may have a valid reason to do so.  But does that mean the banker is right?  May be not.

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Cryptocurrencies: Future Tense:

Cryptocurrencies : Future Tense FinLit.com

If you hear a banker complaining about bitcoins:

He or she may have a valid reason to do so.  But does that mean the banker is right?  May be not. If you hear a banker complaining about bitcoins

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Indeed, cryptocurrencies have the power to transform the banking industry in that it offers a decentralized way to transfer items of monetary value without a third party intermediary.  

Crypto Currencies:

Crypto Currencies

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Banks seem to not welcome the use of BitCoin as it basically cuts them out as a third party intermediary.  Bitcoin like all cryptocurrencies , offers a medium for exchange that requires only a recipient and a giver.  The only other party involved in this transaction is the one who records it in the ledger in order to keep track of all transactions. Banks therefore, might lose some business to those who deal with cryptocurrencies and this may give them some reason to fear its popularity. 

It is highly unlikely that cryptocurrencies will go away.:

Cryptocurrencies will create so many new markets and immense amounts of trading networks across the world.  Imposing some regulations on cryptocurrencies is productive and necessary to ensure a proper and safely functioning market.  Cryptocurrencies may not be able to profit from their lucrative and powerful market formations throughout the world. It is highly unlikely that cryptocurrencies will go away.

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