Are Banks Worried of Competition With Crypto?

cryptoworldmania (25)in #banks • 7 years ago

Bank of America said, "Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto" yesterday. So does this mean Banks are going to start investing sooner than later in crypto to compete with new crypto technology? Of course, especially banks that love taking risk. Bank of America is famous for taking risk before the rest of the banks.

What is so confusing is banks such as Bank of America have banned the usage of credit cards for purchasing crypto but yet are proposing a crypto exchange system. So could we see banks try to cut off the rest of the competition by creating there own crypto currency or could we simply see them adapt to solely Ripple, which seems to be the most logical answer.

Ripple will soon overtake Swift which sees around 13 Trillion yes Trillion in transactions daily. Ripple in a few years if working with banks could see 20 Trillion daily.

At the time of this writing Ripple XRP/USD was at $1.02, which is an incredible buy. Ripple is rated #3 in Total Volume and growing, is the most innovated, no mining, and has so much more usage for its coin unlike Ethereum.