Banks hate Bitcoin

Banks have been a part of our society for so long that we have forgotten what exactly they do. We think of them as bastions of security and stability. They hate Bitcoin because of it’s inherent instability.

George Basiladze of Cryptopay - a company which provides services for buying and selling Bitcoins in the UK - is of the opinion that traditional banking systems all over the world are not comfortable with Bitcoin.

According to him, Barclays, one of the largest world regulators, has recently updated its policy towards private banking and e-money services and, subsequently, a wave of license revocations stroke all over.

Banks are afraid of losing control

The goal of any company providing bitcoin services is aiding those who can't open a traditional bank account, so it's no wonder traditional banks are uncomfortable with the competition that such systems bring. Traditional banking services cherish the control that they have over the people and their money and will do everything within their powers not to let go.

Bitcoin offers a system that returns control and power to the real owners of money and the only way to fight for it is to show the will of the people - i.e. using Bitcoin and private banking services.