Impact of cryptocurrency has shaken world financial institution World banks and central banks talk about blockchain and cryptocurrency. The effect is now only on financial sectors. Cryptocurrency marketcap is about 395 billion usd. While stock marketcap NYSE is 21 Trillion usd. Coinmarketcap is about 1.8 % from stock market. That is small value of cryptocurrency marketcap. With the small part of finance market, cryptocurrency has shaken world financial institution and regulators. The community of cryptocurrency has not entered political sectors due to the small users. Paypal decision to accept cryptocurrency will expose paypal customers to get familiar with cryptocurrency. Once they are familiar, they will turn their financial service to cryptocurrency. It is a big jump for massive promotion of cryptocurrency to common people.
The bankers fear that this new technology might replace them. Seeing cryptocurrencies as a competitor and not as a contributor is a major reason why bankers hate cryptocurrency.
https://www.google.com/amp/s/thenextweb.com/contributors/2018/06/11/why-bankers-hate-cryptocurrency/amp/
Massive growth of cryptocurrency users threathens bank operation because banks thinks cryptocurrency as competitors not as the advanced tech that should be adopted.
One institution that is disturbed by the growth of cryptocurrecy is banking.
Currently cryptocurrency supporters have no power in political map because no figures that from politician promote to legalize cryptocurrency as currency. When a country has 51 % users if cryptocurrency, there will be big power to replace the authority. How 51 % decentralized community control political power.
That is simple step to fight tyrant states. Hardfork nations lol... 馃槅馃槫馃檶馃檶馃拺馃槆