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    Author Topic: A Bank in Liechtenstein Grew It’s Traffic by 900%, by Selling Cryptocurrencies  (Read 455 times)

    • slaman29
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    June 13, 2019, 05:26:19 AM
     #21
    This is not just about the bank seeing their traffic growing by 9 times though, it should also translate to some of those traffic converting to customers, which is practically what the article is saying as well by revenue. I think it would be interesting also for some companies especially banks, to start to say, are we making more fiat money or making more btc and crypto?
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  • gipsongos2
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    June 13, 2019, 05:34:12 AM
     #22
    Quote from: trynafinna on June 13, 2019, 05:23:28 AM
    Until clear requirements for cryptocurrency projects are developed, you shouldn’t hope for massive use of blockchain technologies. The US and Europe are already discussing what measures will make this environment safer for investors. Yes, now there are still not many people ready to buy cryptocurrency. But people's interest is growing, needs too. And even banks can not deny that the blockchain is well suited to improve the efficiency of intrabank transactions.
    For the widespread adoption of new technologies, it is not enough just to set standards. We need to train people so that they also understand the benefits and risks of investing in cryptocurrency. That is why it seems to me very promising platform taklimakan, where you can understand from the most basic principles how it all works and continue to improve skills to learn how to trade.

  • graylexstamit
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    June 13, 2019, 05:55:04 AM
     #23
    Quote from: gipsongos2 on June 13, 2019, 05:34:12 AM
    Quote from: trynafinna on June 13, 2019, 05:23:28 AM
    Until clear requirements for cryptocurrency projects are developed, you shouldn’t hope for massive use of blockchain technologies. The US and Europe are already discussing what measures will make this environment safer for investors. Yes, now there are still not many people ready to buy cryptocurrency. But people's interest is growing, needs too. And even banks can not deny that the blockchain is well suited to improve the efficiency of intrabank transactions.
    For the widespread adoption of new technologies, it is not enough just to set standards. We need to train people so that they also understand the benefits and risks of investing in cryptocurrency. That is why it seems to me very promising platform taklimakan, where you can understand from the most basic principles how it all works and continue to improve skills to learn how to trade.
    Fiat currency is created by monopolists, which creates market restrictions and creates a division of society. Cryptocurrencies are free and open, no one is above them. Therefore, they can be called a unifying factor for society. We should be able to use any currency for trading and storing savings. And the fact that even banks see the possibility of creating their own cryptovalues shows that they are ready to meet people

  • krewbfu
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    June 13, 2019, 05:57:27 AM
     #24
    Creating their own cryptocurrency banks simply try to maintain their influence and relevance. after all, decentralized cryptocurrency. In the past a central body (read Bank) was necessary to keep the system secure and safe. Cryptocurrency makes the need of a central body unnecessary.

  • Kemarit
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    June 13, 2019, 07:05:37 AM
     #25
    Funny thing though is the headline, 900% traffic? does it equate to more profits for the bank themselves?  Grin. Of course we love to hear banking system integrating crypto for their clients so that we can enjoy the best of both worlds. But this is just one small banks, and it doesn't mean that we can removed that stigma that banks are anti-crypto. I don't know what's Liechtenstein relationship to EU, but they need to watch their backs, just saying. But what can we say? Kudos to Bank Frick for spearheading this one and I'm sure their clients are very very happy with this bold move.
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  • Mike Mayor
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    June 13, 2019, 10:33:15 PM
     #26
    I guess some banks are understanding and realizing the power the blockchain can bring and that it doesn't have to be their enemy. Pretty clever bank.

    Quote from: Kemarit on June 13, 2019, 07:05:37 AM
    Funny thing though is the headline, 900% traffic? does it equate to more profits for the bank themselves?  Grin. Of course we love to hear banking system integrating crypto for their clients so that we can enjoy the best of both worlds. But this is just one small banks, and it doesn't mean that we can removed that stigma that banks are anti-crypto. I don't know what's Liechtenstein relationship to EU, but they need to watch their backs, just saying. But what can we say? Kudos to Bank Frick for spearheading this one and I'm sure their clients are very very happy with this bold move.

    The bank doesn't need to be big to exchange lots of cryptos that is the beauty of it. It would be interesting to find out how much ROI they made doing this. They of course we not reveal this. Noone in their right mind would.

  • Rooster101
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    June 13, 2019, 11:10:33 PM
     #27
    If the source of that news is reliable then it is proven that cryptocurrencies and banks can coexist and help each other realizing a common vision: acquire more clients or investors. The report also proved that not all banks are against cryptocurrencies and many of them have already plans to utilize the blockchain technology in the near future. A big bank in the Philippines, for example, established its first bitcoin ATM to meet the growing demand of people in the local crypto community. By using the technology that drives the cryptocurrencies, banks will realize that there is no real threat from the virtual coins and can help each other in their busibess needs.

  • clair508
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    June 14, 2019, 04:57:36 AM
     #28
    Great news..With their own trading platform they can earn double profits too.Smart move..Liechtenstein is great place to start this trend.

    "The country has a strong financial sector centered in Vaduz. Almost 20,000 people commute to work in Liechtenstein. Liechtenstein is a member of the United Nations, the European Free Trade Association, and the Council of Europe, and although not a member of the European Union, it participates in both the Schengen Area and the European Economic Area. It also has a customs union and a monetary union with Switzerland" -Source Wikipedia

    So we can trust on financial sector.Its not shut gun one.Hope this will spread to another banks too.
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    June 14, 2019, 07:02:31 AM
     #29
    Banks accepting Bitcoin or any other Crypto currency is not a "use case", it is a disaster waiting to happen.  Roll Eyes  We wanted to get rid of Banks and it's centralized influence over our financial matters and now people are getting exited when Banks starts to accept Crypto currencies?  Roll Eyes

    The saying, "You do not own Bitcoin, if you do not have full control over the Private keys." is very applicable to this type of scenario. Banks are corrupt by nature and if they control your private keys, then you do not own those coins.  Tongue <The same thing is applicable to any other centralized service, where you share your private keys with them.>  Angry
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  • automaticmoney
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    June 14, 2019, 08:02:37 AM
     #30
    One of the most positive news for crypto  currency is banks selling crypto this bank in Liechtenstein is example of many country central banks for crypto currency adoption

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    June 14, 2019, 08:34:23 AM
     #31
    Cryptocurrency is being the most searched keyword on the internet. The cryptocurrency that is being chosen by many is the preferred portfolio to be explored. Many people say that future Crypto will be able to replace FIAT, so they need to make investment decisions today before it explodes.

  • alrose
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    June 14, 2019, 08:36:31 AM
     #32
    I hope this article just have to read the heads of banks.I can only accept 1 excuse from banks why they still do not use cryptocurrency in their activities.They just don't know what cryptocurrency is.
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