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Title: Payment Banks Post by: polynesia on August 23, 2015, 01:17:53 AM RBI has already given the go-ahead for 11 payment banks. More might come in the future.
If customers and merchants start using Bitcoin, it will be these payment banks which will be at risk. Wholesale banks offer loans and this cannot be replaced by Bitcoin. Your views? Title: Re: Payment Banks Post by: dashingriddler on August 23, 2015, 06:57:29 AM RBI has already given the go-ahead for 11 payment banks. More might come in the future. I agree with your view. But this also cannot be a reason for RBI to sit tight lipped about bitcoin for ever. So I would say I am less bothered.If customers and merchants start using Bitcoin, it will be these payment banks which will be at risk. Wholesale banks offer loans and this cannot be replaced by Bitcoin. Your views? Title: Re: Payment Banks Post by: RocketSingh on August 24, 2015, 09:07:25 AM RBI has already given the go-ahead for 11 payment banks. More might come in the future. If customers and merchants start using Bitcoin, it will be these payment banks which will be at risk. Wholesale banks offer loans and this cannot be replaced by Bitcoin. Your views? Bitcoin or Bitcoin based businesses have way to go to give competition to payment banks. At this moment, bitcoin's credibility is under question as two group of people are exercising power show at the heart of bitcoin, which is very bad for a decentralized economy. Media is enjoying the war and discrediting it more. So, for an average Joe, payment banks are still far better alternative than bitcoin. Title: Re: Payment Banks Post by: Wapinter on September 18, 2015, 11:02:57 PM RBI has already given the go-ahead for 11 payment banks. More might come in the future. In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks If customers and merchants start using Bitcoin, it will be these payment banks which will be at risk. Wholesale banks offer loans and this cannot be replaced by Bitcoin. Your views? Title: Re: Payment Banks Post by: polynesia on September 19, 2015, 04:05:06 AM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. Title: Re: Payment Banks Post by: Wapinter on September 19, 2015, 09:10:13 AM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. Title: Re: Payment Banks Post by: newIndia on September 19, 2015, 01:09:30 PM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. Title: Re: Payment Banks Post by: aakashsangwan on September 19, 2015, 03:53:33 PM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. I also believe that you cannot underestimate India, It wll take time but once the adoption of bitcoins is started in India, I believe that India will be in leading position for bitcoins. Like when Online business started all told it wont run but see today most of the business are going live in online only. Same thing when this online businesss starts to accept payment as bitcoins then you can see the improvement in bitcoin Title: Re: Payment Banks Post by: polynesia on September 20, 2015, 02:15:16 AM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. If that was truly the case, Bitcoin would have died a quick death. Thankfully, that is not the case. Think of how many satoshis are there. There are more than enough. Title: Re: Payment Banks Post by: tech_solutions on September 20, 2015, 09:07:18 PM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. If that was truly the case, Bitcoin would have died a quick death. Thankfully, that is not the case. Think of how many satoshis are there. There are more than enough. You are correct at the current situation Bitcoin cannot die until some unfortunate incident happen. for one Bitcoin you need 10 Million Satoshis but for Currency you need less. It will take time but once the pickup starts then you can see that how soon Bitcoin is growing fast. Title: Re: Payment Banks Post by: dashingriddler on September 21, 2015, 03:49:17 AM In my opinion bitcoin can never give payment bank run for their money.Even if customers and merchants start using bitcoin there number would be so little to make any impact on these banks Never say never. :) Right now, bitcoin adoption is low in India. This can change. If that was truly the case, Bitcoin would have died a quick death. Thankfully, that is not the case. Think of how many satoshis are there. There are more than enough. You are correct at the current situation Bitcoin cannot die until some unfortunate incident happen. for one Bitcoin you need 10 Million Satoshis but for Currency you need less. It will take time but once the pickup starts then you can see that how soon Bitcoin is growing fast. |