What is a Big Bank?
A big bank is an institution that provides financial services on a large scale. These institutions are usually the largest and most powerful in the industry, with billions of dollars in assets and hundreds of thousands of customers across multiple countries. They offer a wide range of banking products such as savings accounts, checking accounts, mortgages, consumer loans, investment advice, credit cards and more. The biggest banks also have branches around the world to provide global access to their services.
How do Big Banks Impact Cryptocurrency?
Cryptocurrencies are still relatively new technologies compared to traditional banking systems used by big banks; therefore they often view it skeptically or even hostilely due to unfamiliarity with its operations and potential risks associated with transactions made using cryptocurrencies like Bitcoin or Ethereum. However recently some bigger banks seem willing to embrace cryptocurrency technology through investments into blockchain startups or other initiatives which could potentially give them advantages over competitors if successful executed properly (ex.: JP Morgan’s recent launch of JPM Coin). On another hand there were reports about certain government-backed central banks planning for creating state-controlled digital currencies based on distributed ledger technology similar way how Bitcoin works but under tight regulations from authorities what could drastically change existing crypto market environment making it less attractive option than before for investors who value decentralization principles behind cryptocurrencies originally created by Satoshi Nakamoto long time ago.
