Bitcoin Forum

i m new to this forum, i m about to buy a small bank in my country , so i was wondering what kind of service i can provide using bitcoin in my bank?
thanks for your idea. i have money to invest but dont have large idea about bitcoin.  

A bank could provide Bitcoin as an investment service for those without strong technical knowledge, or provide exchange services to customers.

Bitcoin is a good investment where the price is not stable since bitcoin is keep increasing if more people in your bank invest in bitcoin expect that the price can be increase more also the benefits of sending or transferring money world wide with cheap fee..
And i think many benefits you can get in bitcoin you can also use them to buy service or item online using bitcoin..

Thats not true currently, fees are high. In future it could be cheaper, but we need to adopt scaling solution which is a long road.

First, you should move this post to the Project Development sub-forum: https://bitcointalk.org/index.php?board=12.0 (https://bitcointalk.org/index.php?board=12.0)

Two ways for you to incorporate Bitcoin into your bank that will offer value to existing Bitcoin users and those who've never thought of using Bitcoin before...

(1) Integrate bitcoin transactions and holdings into existing accounts, this would require you to serve as an exchange and bitcoin holder, which will come with additional considerations and (potentially) laws to follow

(2) Offer money transfer/wire services through bitcoin, which would drastically reduce the existing fees your customers pay for wire transfers (with you or a third party like Western Union)

Give us more details about this bank, maybe we can provide more specific ideas for you!

You could offer purchases for your clients and safe Bitcoin storage service, like deposit boxes.
A client with no internet connection could come to you and ask you to get him some coins and store them. You'd buy the coins for him, make an offline wallet and put it in your offline server for safekeeping. Then your client could come back and ask you to give him his private key, or sell coins and pay him in cash.
It could work for older people, who are not tech-savvy.

Thank you so much i like the last two other ideas.

Setting up a bitcoin ATM inside your bank wouldn't be a bad idea either. Then people come in to see what its all about and you are generating foot traffic new accts, etc. I like the paper wallet that is kept by the bank in an offline server. I'm sure there is also the ability to link with an exchange and essentially provide the FIAT money transfer services that all exchanges really need to be successful.

Bitcoin is an investment insturement independently. You may only have an spesific room for introduce bitcoin and show some crpyto money videos from youtube. After this section you may pass to invest to altcoin.

I wish you success.

I am an environmental engineer but worked as accountant nearly 4 years. Waiting for your job offer  :) I may work anywhere in the world :)

OP project is interesting . @mela65 as an environmental engineer can provide more sugestions?

is this bank has many active users? bank has online service too? its important to know thse details too

Even if its still a small bank expect there were users of it and online service is normally present on even small banks as of these days since we are on hitech era and using manual services wont really be sufficient as of now and we can assume that op do really have these things. Setting bitcoin ATM would be a good choice and allowing of buy and selling of bitcoin in your bank with a small spread and on this way you will surely gain benefit and profits on this matter.

you may have a broad range of options, but most of all have knowledge of economy or have really good advisors or assesors, you could gain knowledge on cryptos and take advantage of the services you can offer with your bank that could be attractive for your clients, the best would be online services

The best thing you can do with bitcoin on bank is to make bitcoin be like another assets or stocks. Provide various model of bitcoin investment like what we do with gold.
Or maybe providing a bitcoin market in your bank would make it great. Just provide the buy and sell service.

Top up bank account with bitcoins  ::) Payment solutions for online (and non) business like btc accepting as pay method. Some bitcoin ATM's?

Your going to buy a bank? Well in that case depends on your countries legal regulations regarding Bitcoin but if it's allowed there is no reason that you can't create a fund for Bitcoin similar to an ETF as long as you say it is not a registered investment or financial product outside of the regular banking products.

U need to pass legal things first.

Even u want add exchange function to the bank.

and also pass government financial department if can.
 

First state on what county are you on.
2nd show some license so that people can validate if your Bank runs legitimately.
3rd Place your Vision on what would you do to make us believe you that you can handle the funds honestly and can deliver faster if your clients will need some fast transaction since im pretty sure that all of us wants convenience and that aspect is the one you should need to focus on.

These are good intensions of bitcoin.But first they need to have the permits and the legalized paper of the government.This can help the nation and the world to get out from poverty specially Africa.Because these are the projects of bitcoin.To invest,to save money,to store some for future.And the bank that can increase the currency and the value of their money so that they can get out from poverty,because bank and bitcoin projects are huge thing for the Nation and the whole world.

Settle the legal things first especially in bitcoin's side then after you acquire the permit then you are good to go. Aside from avoiding any legal violations in your country, this will also help you to earn the trust of your customers and having this unique edge which some if not only yours who accept bitcoin is a good thing. It will help also to make it more popular and might as well get the attention of the governement and consider their official acceptance of bitcoin together with regulations.

Depending on your country, the first step is to make sure you fulfill all the legal and financial obligations as regards bitcoin in your country and this is to avoid future service distraction for your bank.

Set up bitcoin credit and debit cards

Set up bitcoin Atm machines.

You should target world wide customers like western union, money gram if you can afford it.

I think it was happen now because I see the bank who accept Bitcoin. However we need to convert first before to used it but it's really working. If the bitcoin and bank have a partnership its more easy to use the bitcoin.

top up account with altcoin wil be a good idea too. I own many altcoin ;D ;D

If the bank was accompanied by bitcoin, I think all transactions in crypto currency society will become more easier. Because buying bitcoin and converting bitcoin in the bank will become available. I was looking forward regarding improvement of bitcoin into bank transactions.

Your money in the banks will devalue as they print more more and also when inflation kicks in...In cryptos your money never inflates or devalue as theres only for example 16  million+ bitcoins...So it's fixed...maybe with some altcoins that keeps increasing year on year might have inflation tied to it..

Now (well, at least in my country) there is a problem with the shortage of stores, which take bitcoin as payment. At the same time, a common practice for banks is joint discount programs with various sellers. So, why not do this with bitcoin? for example, if you pay in BTC  you have some discount or something else. The idea is that the stores want to host the bitcoins, feeling the benefit from the fact that this will increase the number of their loyal customers.

You need legal rule from your government, if bitcoin enters conventional bank system today it will make things worse because money laundering rate will be higher, kyc rule will not be useful because we get bitcoin from all sources which must be questioned one by one when converted. to be wasted, it will be a waste of your time and the bank.

you need some senators to support your projet. And after give us the possibilite to withdraw $5000 daily ATM, i m tired with $2000 daily ATM limit. >:( >:( >:(

Accept bitcoin as a currency. Store it for people, give them an interest on bitcoin deposits. Lend the bitcoins as loan (either in bitcoin or convert into fiat currency).

Where are u from?

if you need to senators to support your project. and next it gives us a possibilities to withdraw high amount in ATM center like we have chance to withdraw $1000. so it is good process.if banks accept bit coins like currency and giving to the people it is more profitable.

Is it legitimate?

its a good idea ,  offer worldwide service and give anyone without alot of paper to open an account in your bank,and then give us the posibility to  withdraw $5000 in ATM,

very simple you have to give loan them bit coins then many people attracting to that process. then you have to earning more profit to you bank. first you have to offer them bit coins for certain price next you have to invest it into for their needs.after that you have to were interest to them bit coin and its interest like that you have to get more profit your bank. then your bank has more more loan takers and you getting more rich in your village/city.

Interesting, so what kind of bank you are going to buy?
Is it a conventional bank or specialized banking system? if it is conventional banking system then how could you provide Bitcoin facilities. at first, you have to make sure that Bitcoin is a legal currency in your country then you can provide regarding this system.

If you really want to integrate bank with crypto currency i must tell you to go with dash.Its the fastest .