Banks don't like Bitcoin. I guess that's no mystery anymore. They've tried everything they could to make Bitcoin's life hard and still on that mission. The recent crackdown that's all over the headlines is the one with Binance and banks from the UK.
All sort of crooked banks and payments systems are making the days hard for crypto investors in the UK by not allowing them to buy crypto with their credit/debit cards. "Not your keys, not your funds", but how would we apply that to banks holding our cash for us?
I'd say it: it's never been yours. Too few are questioning the power of banks and that's very sad, because when you dig a bit into the problem you realize that we're not actually the owners of our hard earned money. When the gold keeper decides what you can and can't do with your gold you know you're not the actual owner.
This screenshot has been uploaded to twitter by @sunnydecree but there are many others who have received such a notice. The narrative is that the banks are trying to protect their customers from loosing their money in risky investments, but if that was the case why wouldn't they ban gambling accounts.
I'd say that there's much more loss in playing slots than buying Bitcoin. BTC is an asset that has continued to appreciate over the past decade. Do you have any example of a slots player that has managed to increase his gambling wallet over such a time frame?
I doubt that. Banks don't try and protect any of us, they try to protect their ass. They're afraid of Bitcoin, for everything that it means and they've already got the direction where blockchain technology and crypto could lead humanity. They're not stupid, just playing it.
Monobank is seeking approval from the National Bank of Ukraine to launch its Bitcoin debit card later this month. That's the type of news I like to read in the morning. Banks integrating bitcoin and crypto gradually becoming a bank.
As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday. According to the executive, the new integration will enable Monobank users to buy and sell Bitcoin with a debit card. Monobank expects to release the new feature later this month pending approval from the National Bank of Ukraine, Gorokhovsky noted.
source
If you've read carefully the quote above, you have probably noticed that it's an e-bank that we're talking about, not some Barclays, centuries old established oligarchical establishment. Everything that'll survive in the future will have "e-" attached to it like: e-banks, e-bikes, e-vehicles, e-currency...etc
The only obstacles banks can rise against crypto investors are possible as long as we cope with the establishment. Once we move further on the digital platform in a digital era of abundance it will be harder and harder to stop Bitcoin. Hence I will say it again, it is an idea who's time has come.
Banks don't give a shit about us and our money, all they care about is their money, thus we need to mint more of ours(crypto) and connect the bridges so we won't rely anymore upon their system. We need to pass over the speculative aspect of crypto and make it more as a payments system.
That's when banks will go obsolete and we'll achieve financial freedom.
Thanks for attention,
Adrian