I'm still perplexed as to why certain banks and other financial institutions in Ghana and other regions of Africa refuse to collaborate in order to accept cryptocurrencies in transactions. They are terrified of the blockchain interfering with their daily lives. They have no idea how much money they are losing by refusing to adapt to the digital era. Thank you for bringing this to our attention, sir @taskmaster4450 .
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It is a threat to their system. There is really no other way to sugarcoat it. The banks are threatened by this and they know it.
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But l think collaborating with crypto transactions will be more of benefits to them also. Imagine if Ghanaians can power up some hive by buying crypto with fiat.. Or even make transfers from crypto wallets to their bank accounts?
That doesnt really benefit then banks other than, perhaps, some transaction fees. It is taking money out of the banking system. That is not their goal.
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Exactly, the transaction charges will however help generate something for them. It may not be so significant though. Thanks so much too for helping me understand this better sir.
That is what we are here for. Hopefully we can all help each other and keep passing the knowledge on to others.
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