Why do banks not want people to rely upon cryptocurrencies?

📅 Published: August 21, 2025

📰 Source: theindependent

Curated by AllZimNews.com

The battle between cryptocurrencies and banks has been going on since 2017 when digital currencies became mainstream. try this softwarewhich provide a trading platform that allows you to begin digital currency trading in three steps.

If a customer chooses between using the bank’s services and relying upon cryptocurrencies, they may opt for the latter.

The problem is that many people are wary of cryptocurrencies because they are subject to volatility and price swings, not just by manipulators but also by corrupt exchanges.

Banks, on the other hand, offer safer options for transferring money from one individual to another.

How is Fluid changing the system?

Digital currencies are usually described as a way out of the central bank-backed national currencies and the banking infrastructure subjected to legacy systems.

With this in mind, we can understand why banks are so reluctant to be associated with cryptocurrencies themselves.

However, even if one accepts that the people who seek to use cryptosystems for transactions will continue to do so – and that’s a big assumption – then it can also be observed that at least some banks are still losing money through cryptocurrency transactions.

Undeniably the famousness of digital currencies is influenced by the wild volatility it displays; by gaining the sight of more trades, the volatility turns digital currencies into a non-ideal medium of exchange for domestic and international transactions.

Well, it’s not something you’d see as fundamental and consequential – or perhaps even at all.

But the truth is that these losses aren’t minor; they’re significant and are likely to become more significant over time.

So if you are trying to buy or sell anything with bitcoin, it has been said that this would be practically impossible; the volumes aren’t there yet (look at how long it takes to complete transactions).