Why bankers hate the cryptocurrency world

June 11, 2018 Vivian Michaels


A cryptocurrency is a form of digital currency that uses cryptography for the purpose of security. The currency has rapidly gained popularity in the public eye. There are many types of cryptocurrencies that include Bitcoin, Ethereum, Ripple, Bitcoin cash, Litecoin, Cardano, and Stellar Lumens among others. While bankers have been against cryptocurrencies, they have incredible benefits over regular currencies. The banks are often citing the extreme volatility of this currency and their potential to be used for money laundering. The rate at which cryptocurrencies are growing over the last few months has filled bankers with abhorrence. Here are the main reasons why bankers…

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