Sorry no sale. The scheme you describe applies to a thousand other purchases.
Substitute in your paragraph the word ‘timeshares’ for ‘cryptocurrencies’ and the same scenario is molded. One can find dozens of other products without much effort.
See post #5 for the real reason why bankers are scared sh*tless of cryptomoney.
Cryptocurrencies are all based on BLOCK CHAIN TECHNOLOGY or BCT. BCT is a mortal threat to bankers just as hydraulic fracturing of oil shale is a mortal threat to OPEC. The analogy is accurate and precise.
Not really. Timeshares are a track-able asset that you could be forced to liquidate during a bankruptcy to pay off creditors. The whole point of crypto is that you can own it WITHOUT the government knowing, since they will only know you have it if you admit it, they can’t make you liquidate it, and they can’t use it to pay off your creditors.
Bankers aren’t scared at all of crypto. Block chain simply does not matter. If cryto actually became useful for things like paying bills banks would get involved with it, and if it ain’t useful for paying bills, bank don’t care.