Why Is There a Tiff Between Bitcoin And Banks?

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Crypto World At Your Finger Tips!
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Why Is There a Tiff Between Bitcoin And Banks?
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However, lately, the ban was lifted off by the
apex court of India, which was levied by RBI
earlier. Not only India, but there are also
countries like Hong Kong, USA, and South Korea
that have accepted the concept of cryptocurrency.
This new digital monetary concept encouraged many
people to make an investment in Bitcoins.
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• Bitcoin, the most famed cryptocurrency is known
  to be the brainchild of Satoshi Nakamoto. It made
  its beginning on 3rd January 2009.
• Not only did it earned much popularity globally,
  but it also paved the way for other currencies
  too, whom we call altcoins. There might be many
  competitions brewing between the altcoins and
  Bitcoin, but the latter coin always comes out the
  winner.
• This is why it is called a dominant
  cryptocurrency. This is why people are curious to
  go for the Bitcoin investment plan.

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The Reason Of Tiff Between Bitcoin And Banks
If you are curious to know about the tiff between
Bitcoin and banks, then let us tell you that it
is more a kind of insecurity or fear in the
banking system. It is all due to the following
reasons.
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• With the wide acceptance of Bitcoin and other
  cryptocurrencies, there will no relevancy left
  for the banking system.
• Another major reason that uproots the tiff
  between Bitcoin and banks is that it has ended
  the role of middleman and central authorities
  like them.
• The insecurity which brews in the banking system
  is the misuse of digital currencies for illegal
  purposes. Many governments have not made them
  legalized due to these reasons.
• The advantage of Bitcoin in making individual the
  owner of digital currency and to carry the
  digital trading with no interference of the third
  party.

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Conclusion Investing in Bitcoin might sound
interesting for many enthusiastic traders. But it
will be too early to declare the winner between
Bitcoin and banks. Bitcoin cannot overtake the
banking system completely. You will certainly
have to rely on the banking system because it
will become impossible to earn an interest in
savings without help from banks. Moreover, with
the occurrence of any technical error or failure
in transferring assets, it will become so complex
to seek help or assistance from any other entity
other than banks. Sources https//www.cryptoknowm
ics.com/news/how-to-invest-in-bitcoin-in-four-simp
le-steps
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