Bitcoin Forum

In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?

Banks can't work with bitcoin, search "fractional reserve". Banks may offer some Bitcoin services in future but it won't replace fiat services nor it will be possible to seamlessly juggle/ exchange between bitcoin and fiat.

Firstly it's called bitcoin wallet and I don't think it's possible to transfer your money into bitcoin wallet  WHY NOT JUST CONVERT YOUR MONEY  IT INTO BITCOIN AND SAVE IT IN YOUR WALLET

Secondly if bitcoin is in CO-OPERATION with the banking system this might make bitcoin lose its decentralized state which makes it unique from other currencies then the value of the bitcoin and cryptocurrency might be lost. Bitcoin would not be another currency in the hands of some bodies, organisation or countries

This will be a good thing for bitcoin as it will create more usability of the coin but the downside is that banks do not like how sharp the price of bitcoin changes on the market and hence the hesitation. If the price of bitcoin is steady and banks are working with it, I believe it will benefit both parties.

I think that with time we will have great changes in the banking system and I am sure that btc will be the leader. perhaps, it will be connected to banks but i don't know for sure whether this may happen

Banks are working with Ripple already.

Although this possibility is too small if the Bank opens a wide door for bitcoin, but this is very interesting to discuss. But actually at the moment there are some things that are more important and need to think about bitcoin now, the price that has not been seen will jump !! This is what I think. :-X :'(

It will do good for the banks, they will have an additional service and they can cater fees with those transactions. And on our part, well its also a good adoption which is expected to come very soon. The banks doesn't have a choice but to stop it or just simply adopt it so they won't have any tough competitor with their clients. Although our bitcoin wallets serve as our bank accounts already, they can be integrated to them and we can just simply convert our btc to fiat anytime and have a real-time deposit.

As long as it has good goal for better transaction or payment services I think it is should be done. If you think that Bank work together with Bitcoin, I do not believe it would happen because Bitcoin is the opposite of banks.

I think banks wouldnt let that happen because bitcoin was a decentralised currency which no one can controls it value. But for transactions method it was good to used bitcoin because it was fast and easier which less hassle for people who are in a hurry.

actually not all banks accepts Ripple XRP lol


that's good if it really happens for us or banks
but i think it's very difficult to happen because bitcoin is always hindered by various government regulations

and actually with bitcoin we become our own bank
so why should we connected with regular bank?
if you want to convert to Fiat, there are many exchanges that support crypto to Fiat

They might implement]such services in the future but in the meantime, any effort persuading them to do so is dire. There's not much places to spend bitcoins anyway and if ever they'd reconsider, it would be a tough call considering that banks follow the fractional reserve system in accepting deposits. A few services here and there would be cool, but not to the extent that you can directly withdraw cash from your bitcoin deposits just like what you do on exchanges.

if government accept bitcoin, i think it will happen because bitcoin will be the legal currency when government accept bitcoin, and the bank have the access to use bitcoin for their services,

As the time goes by for the era of cryptocurrency , it can not be denied that their are many people would go into cryptocurrency , especially the open minded people that adopt cryptos ,so there will be time that banks will be connected to cryptocurrency for banks business is about financies and currencies ,that might be a great possibilities of cryptocurrencies goes with banks for business.

Banks are just doing it for their sake, adoption of bitcoin will add more fees for them. Its like joining the business of your competitor, bitcoin has been a big threat for them so now they are dealing with it to be able to stay alive.

In my country (Ukraine), in a bank digital wallet, it has long been possible to transfer Bitcoin and use it for shopping. True, from this wallet it can no longer be withdrawn. In fact, after transferring to the wallet, the bitcoin itself is withdrawn from the wallet by the bank, and we have the opportunity to make various transactions for the sum of the bitcoin value in online mode. That is, the purse continues to indicate the amount in Bitcoin and its equivalent in local money.

it will replace and it is possible but it takes a matter of time to happen, some points i see that it will happen is that if small merchants, businesses and department stores will integrate cryptopayments used as microtransation then thats the time will be seeing real adoption, but for now only few merchants are doing it and most happens in digital goods and services online..

if we look at the development of bitcoin at this time it is only natural to transfer our money to our bitcoin wallet from our bank account as long as all countries in the world want to legalize bitcoin let alone bitcoin is a new blockchain-based technology that is very effective security and transactions that are so fast Bitcoin should be the leader for the future.

That is a very interesting thing but the government has easy control over it and you will be taxed very high. You know, any new industry that makes a big profit is taxed very high, that is the rule. But that would not hurt too much when the crypto market capitalized at $ 1 trillion.

USD is accepted everywhere but for example if you live in a country that is not US and want to deposit USD in your bank account they won't accept it (there are exceptions though) you have to exchange it first to your local currency and deposit that.
bitcoin won't be different. there will be exceptions, meaning some banks will eventually allow bitcoin deposits/withdrawals or in short bitcoin accounts while the rest will continue like before meaning only working with local currency.

I think so, bitcoin can't work directly with the banks. Paypal is a fiat money while bitcoin is not, and I think investors don't want that things to happen simply because bitcoin is a decentralized currency. Exchanges should improve more, and have a function that you can transfer USD directly to your bank accounts, but if cryptos to your bank accounts I think its not possible yet but who knows in the future, Banks may continue to support cryptocurrency or they will not allow this market to grow easily.

Every thing if happens to bitcoin in future this will change the bitcoin demand and in future countries if  allow bitcoin and crypto then banks will be connected and they will use crypto for transaction in the countries and they will also make a setup for bitcoin transfer and it's reserves with them, Banking industry is growing industry in the world and bitcoin is now used with out banks willing.

Banks might be adopted blockchain technology and i heard too in the several countries there was banks who already adopted blockchain technology to increase their securities or similar of it but i was highly doubt if banks someday linked to our bitcoin wallet but actually i don't mind if this is happened because which mean the government fully accept cryptocurrency and as the bitcoiners i will very welcome about that

maybe your opinion is correct but all can and may occur if the world economic system and the entire country accepts bitcoin or other crypto currencies into a valid currency and can be used as a fiat currency, the bank will also receive crypto currencies

It will create some concern, people love crypto because its anonymous and the purpose of crypto is we able buy things without need to reveal our identity, and by connecting our wallet with bank, then we are exposing our identity to the government, its not a good idea at all, and by allowing bank to cooperate with crypto means there will be regulations, which I think will weaken the crypto feature and existence

Correct till some point, you can actually see the downfall of crypto banks because of the efforts of relating crypto with banks. It is not advisable to invest in such ICOs which are trying to achieve such goals.

If you read between the clues that Satoshi dropped in the Blockchain, when he released this technology for the first time, then you will realize that he wanted to offer people a alternative to Banks. He linked to a article about another bailout to Banks and he wanted people to have a alternative to these corrupt institutions.

Why do we want people to depend on these institutions, if you can just use Bitcoin? Bitcoin is the alternative payment solution for people who are sick of Banks.  ;)

Exactly, but not precisely.
Satoshi kick started Bitcoin ~Blockchain(NOT).
Bitcoin was meant to be used as P2P money but later Greedy people who had bitcoins(bag) started using Bitcoin/blockchain interchangeably. To make your bitcoins legal they started using blockchain this that...
We do need blockchain in banking institution but no use of BTC and other crypto there, we just need the tech part there and its implementations.

This is a challenge for Bitcoin with the desire to be globally popular. We all know that banks around the world do not like Bitcoins, even hate it. But if Bitcoin cooperates with banks, this is a good thing. Bitcoin will be universally accessible, so we can trade more easily with Bitcoin.

   Hey rishad quraishi! Both markets are useful. Plus they were right about the overvalued Bitcoin bubble. Warren Buffet was actually right. Crypto is the future but there's a looong way ahead. Take it easy. And yeah, hyperinflation is going to destroy the banks at some point.

It's possible, if in the future all countries accept bitcoin and make it a global currency such as paper money, banks around the world will also receive bitcoin, but every bank must be able to control it first, because bitcoin is a decentralized eye that is difficult to control.

If bitcoin were connected to banks satoshi will either turn in his grave or go public screaming at all those betrayers who ruined his global decentralised currency

If this technology is applied to the bank. This will help banks better manage their financial system.

Yes probably it has a point. I also believe that Bitcoin do not need banks in order to do transactions, it implies that bitcoin and bank cannot be a partner just like what fiat and bank has. The characteristics of bitcoin is the join force characteristics of bank and fiat. Bitcoin can work alone.

actually that would only prove that bitcoin is permissionless. which means anybody, or any group is free to use bitcoin without any restrictions and preventions. banks included. in other words if you prevent banks from using bitcoin it means you are removing one of the main features of bitcoin since banks are only a certain group and like anybody else are free to use bitcoin any way they like.

it won't never happen, the concept of cryptocurrency with banks is very different and even contradictory. Like @Indrawan77 said the concept of cryptocurrency is anynomous, so as every user can keep their identity confidential to have a cryptocurrency whilst the banks need an identity for someone who wants to create an account. Look likes most of cryptocurrency users will reject if there is a coin that works with the bank.

Bitcoin cannot work with banks because of its anonymous and also the price of it volatile and cannot control unlike PayPal only focuses on fiat currency like dollar and EUROS, But if you want to work with the bank using cryptocurrency try Gemini Dollar who is partnered and working popular big banks in the world.

If this happens, it will make it easier for holders in exchange, but will the bank be able to manage it?
But Ripple also has a bank that is willing to be used for transactions, this will later provoke other coins in the bank.

I think you're missing the point of bitcoin entirely. Bitcoin allows you to be your own bank and payment processor like Paypal, so there's no need for third parties to hold onto or process your money, and I'm not sure why you would even want them to do this. With that being said, you can already transfer money to your bank account via an exchange, but I'm not sure if this is something actual banks would ever offer directly unless there's some benefit to them, but if you want to turn your coins into cash then just use an exchange.

Yeah cryptocurrency would be the future of banking system but it should still need a third party like the bank institution for it to promulgate securities on exchange from crypto to fiat money. I do not believe that fiat will be replace with cryptocurrency and cryptocurrency should be paired with fiat to survive. In this way banks can be the third party for this to connect bitcoin and banks.

Bitcoin and fiat currencies operate in two entirely different settings. While bitcoin operates with decentralization, fiat currency is centralized, so I doubt that banks can directly handle your cryptocurrency wallet. What should be important is buying and changing your bitcoin without any problems.

That is true, banks can't fully operate on Bitcoin or any other cryptocurrency and fiat currencies will keep their position. But that is not the goal of Bitcoin or the banks.
Still I think banks will start to offer Bitcoin connected services to their clients because they are well aware this is the future and potential good source of profit.
One of the important obstacle to go live with such services is lack of regulation and position of central banks but I think this will also change in the future.

 i think it will be so interesting if there is a connect between bank and bitcoin but what Way. It is such a difficult to answer

Good connectivity when bitcoin and bank have connection each other and make benefit not only for bank but also give more benefit to bitcoin and cryptocurrecy will have higher price at the future, maybe its only dreaming where we can see connection between bank and bitcoin.

The goal of the blockchain was to no longer be dependent on banks. So in my opinion this information is false, the bank will not be involved in what is happening. It is true that the banks are trying in one way or another to find a way to be part of this blockchain.

This is what will happen because legalisation and allowance of bitcoin to flourish would mean synchronisation with already existing payment systems and I see this even going beyond connecting with banks but other alternative payments such as PayPal itself, Payoneer, Skrill etc. The challenge that could arise would only be on the basis of confidentiality which a lot of people would be sceptical about because the moment you wallet is connected to your bank, you are known no matter the privacy contract they are to comply with.

If bitcoin is connected to your bank then that is good news. Technology has many benefits to make your management easier.

IF bitcoin is allowed in most of the countries around the world and most online based companies will start to allow bitcoin as their payment, it will be better for the cryptocurrencies. But the reality is too hard to believe it. Bank can open a part of their service with Bitcoin but not fully possible.

        We should not be too preoccupied with the fact that for banks, the accounts in Bitcoin would be advantageous. Banks know anyway to steal profits. In my opinion, banks will never give up on fiat services, and people will hardly adapt to bitcoin if it is backed by a whole complex of countries. Eventually, banks can also find a solution for Bitcoin trading, but dropping out fiat services is impossible. From my information, some banks already allow transactions in Ripple.

If the bank allows us to transfer money from an account to a bitcoin wallet, of course the bank will profit from the activity. whether it's a transfer fee or something, it's clear that it will be very pleasant if it happens.

If the government accepts bitcoin, people will enjoy sharing and enjoying it, it will be seen that Bitcoin reputation will be more prominent,

Bitcoin can not connected to our banks because our central bank can not accept Bitcoin.In that time Bitcoin know to others they are fully secured and they want to maintain all country Banking regulation. Then Bitcoin connect to our bank in the future.

Yes it is quite possible. If all countries adopt it then it is obvious that it will also be linked to our bank. This will simplify your payment and purchase. You can exchange currency from any country's bank. In any country till then you will be able to pay the purchase by your bank. By adopting it around the world, exchange-exchange exchanges will be closed. You will also be able to escape the exchanging fee.

It is possible that banks will partially introduce any operations with Bitcoin, but I honestly do not believe in the full acceptance of Bitcoin by banks. These are two different networks, fiat will never be forced out, and Bitcoin will not replace it. Perhaps they will exist in parallel, but in this case, you will have to abandon anonymity. No one bank will service Bitcoin without having client documents.

i think i can not happen, it has a bitcoin wallet, we can this to send and recieve bitcoin, if it connect to the bank, we must creat a new wallet to contain money and bitcoin and then the banks will control bitcoin, it is impossible thing. i think it just use your banks wallet to buy bitcoin is a better thing.

not only will this be good for us and the banking system, but also for bitcoin itself, as this will help to enhance and boost the use cases of bitcoin thereby causing it price to appreciate and bitcoin investors can smile at last. So with this single move, everyone stands to gain alot.

Yes, it is quite possible and it already works in some countries. Banks will continue to use Bitcoin and other cryptocurrencies as they legalize cryptocurrencies. Bitcoin is indeed decentralized, but this prevents it from going through bank service. At the same time, no one will attempt to decentralize it.
Also in the future, I think, various combinations of cryptocurrency sharing, non-cash and even cash will be invented.

That might not be happening soon as Banks hate anything they can't track back or control.

I'm talking about loans, credit cards etc., it wouldn't be profitable for banks to offer bitcoin loans, look at payday loans - banks would have to make their fees that high in case of bitcoin loans because they wouldn't be able to just write off unpaid loan just like they do (to some extent) with fiat loans.

With the volatility of bitcoin value i doubt it will happen exactly the same as you mentioned and besides me as a holder, I will think twice in doing so. I will not let it happen to my money or to my bitcoin since bitcoin price changes even before i blink my eye so it will be stressful for me specially when I see that I am losing instead of gaining.  :)

I agree, banks won't allow to use bitcoin as deposit because as what you have said it won't replace fiat services and that is against the governments law. The government should amend their law before they allow it.

Well of our Bitcoin is connected to our banks then that would be a favor for me. I don't disagree with this, but Inam sure that the government will not easily implement this kind of thought that we only crypto people wants for the good.

of course, it's a good choice. after I got to know bitcoin, I never saved money in a bank, but I saved it in a bitcoin wallet.

in my opinion, we have to start adapting with the world of bitcoin from now, the bank cannot be trusted, when we save money in the bank, the money will be lost due to monthly administration fees. and it's very bad.

It will be good for us but not for banks.
Banks have their own fees and regulations which are not the same for Bitcoin.
You can use a third party service to trasfer from your wallet to your bank account but there is and there will not be a direct way to do so.

Banks can't really work with bitcoin or cryptocurrency due to it's decentralized nature,they will certainly use the block chain technology, and might offer Crypto currency services,

If bank really can help people send money via BTC it will be good, but if without a low amount of fees. We know Paypal and Bitcoin is 2 different thing, really different because Paypal based on viat, rate depends on world rate, and Bitcoin is opposite from that, very volatile.

I also support this, how will people easily access and manage their assets, either crypto assets or assets in their bank accounts. however, there is still a very critical problem in the crypto side that must be corrected before this is applied

Due to unpredictable market behavior of crypto, definitely banks will give some doubts on crypto. Of course, banks isn't that have huge knowledge on crypto as they only focus on fiat currency as their daily transactions. But at least there is some banks supporting these currency and accepting these aside from fiat.

yes i hope in the future we can use bitcoin to pay all the payment, like in the convenience store and online store, and bitcoin can be use every where, because it will very fun if we can use bitcoin everywhere and anywhere

its good, they help you, make it easy to convert money to bitcoin. but, is there tax you paying for some service maybe. you know if bank cant do it as free.
but we always support if government and bank accept and make some service to bitcoin to make what we do as easy as possible

I’d like to answer with a question. If bitcoin were to be adopted as a currency? Will banks still be needed?

Yes, that will be a good thing. But there must be interconnection between various financial platforms.
If this happens then the financial system in the world will become centralized and will become a large system that is used by many people.
There must be support from all parties because when all the support is there it can be realized more quickly.

there will be a tax I don't think it's a problem, because all of that is for the progress of bitcoin and the ease of transaction. if it is true that someday bitcoin will be connected to the bank, the impact will be very enjoyable because it can access quickly and openly.

Then it will be good for bitcoin user and the banks because we can transfer fiat to our bitcoin wallet and I think the process will not take too long to complete. But I wonder, how about the banks? Because I think they need to integrate their system with the blockchain so the transaction can be recorded into the blockchain and gets confirmed.

to the extent that the bank is still needed by the public, because not all people know about the crypto world or digital currency. so in my opinion bitcoin won't be used as a currency to replace real currency

Banks working with Bitcoin kind of defeats the purpose of decentralization right? I'd rather have my crypto separate from banks. I don't think there's any reason you can't use both anyway. Yes, this might be convenient, but we might be looking at further restrictions. On top of that, many banks remain skeptical about Bitcoin, so IF EVER something like this happens, we're looking at the far future.

Because bank realize the benefit of blockchain in managing data , so they are connecting with the bitcoin

Banks are created and is aimed at earning more profit whenever possible and as much as the volatility of the coin is concern, there might be instances so sudden that coin devaluation could occur as a result. So granting the banks could use it, it will go through so much risks of maybe losing to whales dumping coins. So in my opinion it might be that they will not be joining bitcoin but instead they could be interested in making their own cryptocurrency network or blockchain where they would earn a lot for themselves and the control over the money is always on there hands for safety reasons.

Over the past few years, there has been a huge hype around the potential of hindering (or more accurately classifying the ledger technology) to transform the banking industry. But this transition, if indeed happens, it will take a long time, and the main reason is simple: banking infrastructure is by inheritance and tens of billions of dollars have been spent on the construction of such infrastructure. Nowadays, a central bank with the idea of ultra-strong and solid safety design. However, as a result, they sacrifice flexibility and unfriendliness in communication and other technologies. Blockchain technology can help banks to better manage this cash system if apply bank.

Agree but aside from that , banks are also aware that bitcoin ( cryptos ) will soon become a good hit , thats why they are now planning to team up with cryptos .

But its not about the good news because there were actually bad news because some banks are still against the cryptos because they think that cryptos are only a threat to their business because many people uses crypto as a currency and an a form of investment at the same time .

There's a difference between our tangible money and our coins. You cannot bank and store it as one. But think of it, what if your money and your digital currency joined as one and our digital currency changes its price? Would it be accurate to see them as one? That's what I understand in this thread. It could be nice but I guess it is more appropriate if it is separated.

It cannot be joined as one I guess. It is pretty dumb if digital and a tangible currency joined as one and be credited on your bank account. It needs a separation I guess because they might be a complication or a confusion on how it is. That may be good at some point but things might get worse in the other term.

It may happen, but the connection of the two is not really good for bitcoin. I say so because the bitcoin will loss its characteristics being individual without the intervention of outside factors. But then it might have a positive effect on the bitcoin's market. We just need to wait for what will going to happen.

If there's money to be made then there's nothing stopping them getting involved (aside from maybe regulations), but there obviously is money to be made from bitcoin, but it's probably too risky for them right now with fluctuations etc and would be akin to them dealing with stocks. I don't think they'll ever be giving out loans or mortgages in bitcoin but they could certainly make money from fees or interest, but I think they'll be staying well away from bitcoin for the foreseeable future. If bitcoin grows in popularity by tenfold then maybe they'll get involved but I doubt it.


Yes. Some form of bank will always be needed. Where will people get their mortgages or loans from?

As long as it doesn't centralized Bitcoin.

I guess we already do this in Peer-to-peer fashion on centralized websites like paxful and on decentralized site like Bisq.
Question is how can this be achieved without violating people's privacy or Centralizing the processes.

In fact, what you call tangible currency is such only when you hold it in your hands in the form of paper or iron. When it is in a bank account, this currency is as virtual as crypto`s, only with a difference in the principle of creation and reliability.

For banks, it would be great to implement blockchain technology. They would solve issues such as security and logistics payments. It would be beneficial for clients - legal entities. And for individuals, and for Internet banking is also beneficial. Everything is transparent and understandable.

I think that many companies will oppose this, because while they hold your money - they calmly operate with them. Honestly, I look forward to further developments!

Banks are like crocodiles. Thay can adapt theirselves to every environmental change. Even though they resist for while, they doesn't have a choice. Banks will start to offer BTC services in near future.

I think bitcoin and banks are just like oil and water. Even you mix them thoroughly they still separate. Bitcoin don't want to be connected or work with bitcoin.

Yes, the Russian WEB-money wallet provides for this. This is a bank e-wallet that also accepts bitcoin. It was quite convenient to use it, but in Ukraine the Russian wallet is now blocked due to problems between these two countries.
I think that this, and not only that, is also possible in the future. Banks will certainly cooperate with cryptocurrency.

This will help to enhance the accessibility of Bitcoin and other currency, but this will negatively affect the privacy development from Bitcoin developer, for there to be a detailed synchronisation, government policy for  Bitcoin and banks must be establish in order for there to be a smooth transmission between both Bitcoin community and the banking sector.

Yes I don't think this would going to happen because banks are still afraid of bitcoin since it has a high value but it was also volatile at the same time. They think that they will loss their money once there was a big dump on it. There are many things that they need to consider first before they become as one.

What I know from bitcoin is unlikely to be connected or controlled by the bank. Because the function that is owned by the bank cannot be equated with the function that bitcoin has. so it will be difficult to connect with each other.

it is good if bitcoin is connect in our bank, we can use the bitcoin to investing in bank or store our bitcoin into bank, and it will start in the future about the digital currency be the main currency

in my opinion it will never happen because one reason we are using Bitcoin is because of anonymity if Banks will allow to send Bitxoin directly to them then it means the anonymity of the account holder will be exposed to a third party. Government can check your transactions with their laws. That is my opinion only.

If it is allowed by the law of the country, why not? It is more convenient for us bitcoiners if they can approve that.

what about personal wallet we have. I think bank will only add security guarantees, which is different from a personal wallet. but sometimes banks still hacked

Bitcoin throws challenges to bank as bitcoin is peer to peer network. But if in future bank will not work with bitcoin, there will be a lot of problem for them. So I think if bank work with bitcoin, it will be good for them as well.

if all countries have legalized crypto currencies I think that will be a very extraordinary development and it is also possible that the bank will cooperate with crypto currencies if indeed the cooperation can be beneficial for both parties I think it will be even better

I have only comment, when bitcoin is approved in the bank it is a big transition to the community especially those who do not know. But I have to tell in 2022 all the crypto coins available to used.

 :)In fact, when it happens that many banks want to connect with a bitcoin because bitcoin is now for the whole world and of course it is easier for a bank to become a bitcoin currency, it's a good thing to hear because the bank can be connected to a very good cryptocurrency bitcoin in the country.

Thats never happen because bank don't trust bitcoin and maybe happen if bank realize that bitcoin is better than bank as payment

As such, bitcoin will become a means of supporting online payments for instant and peer-to-peer transactions! Bitcoin and altcoin have some advantages over traditional money transfer! Expected to be widely used in the future.

There is a problem that must be harmonized if bitcoin is connected to the bank. First, the bitcoin peer-to-peer transaction is different from the bank which is the regulator between the sender and the recipient. Second, bitcoin doesn't know holidays, while banks have holidays. Then, bitcoin is anonymous while banks must have an identity. But this is not a difficult thing to synchronize, the most important thing is that the government must accept bitcoin and make regulations so that bitcoin owners feel safe when their identity is known.

   Hey Surge_Dev! Time windows are a simple margine of error. It's happening regardless. Nobody and nothing can stop knowledge and truth. Which is precisely what cryptos are. Technologic truth. The revolution is coming. Hodl on to your hats!

this is still a conversation and debate and in my opinion this will be difficult to explain, because after all bitcoin has an unstable nature. this factor is a dilemma for banks around the world.

There is no difference for banks as to earn money. Most likely, if a bank transfers a pre-converted fiat currency to your bitcoin wallet,he will take a commission from you. This is the essence of any bank.That is, for banks a plus for us minus.And of course those who are worried about anonymity will also be at risk of being identified,because the use of Bank services involves 100% identification.

Nothing’s impossible around the virtual transacting to think that this is the future of currency
Banks now are accepting bitcoin converting to fiats so wht you are asking is the opposite of this matter t,things that would be possible in another years from now,since banks are starting to adapt their technology to blockchain,so we are only waiting for short periods of time for this to happen.

Seems a distant possibility.There need to be some exchanges in between Banks and cryptos for banks to be in line seamlessly with Bitcoins.Though anything is possible in future yet a lot needs to be done for the same.

in my opinion, bitcoin is because it is only to help finance and human infrastructure so I think it is equally important that it can benefit everyone and I support it

If this happen then banks will ask you to pay transaction fee to them and it has to be accepted by government

Bitcoin will never be accepted by the bank, if they do it otherwise they will cut their profits themselves. The cost of transferring money or lending will not remain unprofitable and they will have to close. There may be e-banking, but it is not acceptable for local banks to accept bitcoin

if this happen I think we can use bitcoin without change it into real money fisrt, and without any fee, we can use bitcoin directly from our banks, it will very great so we can use bitcoin around the world, as long we can use our banks

Of course that is a very good development if it really happens, of course many people will then adopt bitcoin, because of its ease of
making transactions with banks. but in my opinion that won't happen as long as bitcoin hasn't gotten regulation

I think if payment and exchange are certain, but if bitcoin works with the bank, I don't think it's possible, because the nature of bitcoin is decentralized and doesn't want to be managed by any party

With Bitcoin, we don't need banks. Nowadays i understand the need for a bank to convert Bitcoin into fiat. But in the near future the idea is develop the "gateways" for Bitcoin until fiat is no longer needed.

i think they only way that cryptos have a future is that if the banks endorse them (they are the masters of the universe..or the masters of the universe control the banks :) so whoever is the master and endorses cyptos..then they will become mainstream

If the government accepts virtual money then the bank will accept it too. I think the future people will consider bitcoin as a currency, if everyone accepts it will be legal.

We cannot predict it now. Anything can happen...good things are expected but unfortunately if something bad happens then we humans have got enough potential to fix it.

bitcoin will not be able to connect with banks because bitcoin wallets are banks that are fully controlled by bitcoin users. If the bank can accept bitcoin and bitcoin users can directly be given fiat and immediately enter the account, then all bitcoin users will feel happy. But that would be a big problem with the fluctuations in the price of bitcoin, and bitcoin is not liquid, for example, a bank has $ 1 Billion in the form of bitcoin, is the owner wallet able to provide $ 1Billion of funds in a fast time? for me, that would be a problem in itself

That's a very good thing, but it's not that easy. What's more, the security isn't 100% safe. For example, if the security is very good, then the crypto currency and so on will become one bank. Also, this will be very good news for all of us. ...

whether you want it or not, the existing bank must also adjust to the times. if blockchain is used and legal in all countries, the first threatened product in my opinion is that people's interest in making transactions using FIAT currency will decrease, so that the position of the bank will experience a decline in income

this is like mutual benefit two good things if we pay from your bitcoin yields at a job and the bank gets this percentage will go hand in hand and will provide more benefits and more benefits.

bitcoin's interactions with banks will simply change banks. banks will be different, now there are projects of new banks that do not have offices in the usual understanding, only an office on the Internet.

what I know is also the banks of the country in preventing the crypto for not accepting the bansan. and the bank is afraid to lose their currency, a currency is also a crypt but they do not accept bitcoin. but there's a news I've read before in my country that there is a bank engaged in one bitcoin. the bank can use bitcoin.

Banks are still afraid on bitcoin. They are not accepting bitcoin for their fiat currency. They don't want to be threatened by accepting it but it is a great news that nowadays bank are showing interest on using bitcoin. Hopefully day by day bitcoin will be part of bank.

because it has not been allowed in the bank since the transition has long been passed and they also thought that if they had bitcoin they did not have it centralized it was decentralized.

when a bank starts to open with the existence of bitcoin, that's where the public will be very easy to know bitcoin, and surely there will be many who are curious and try the use of bitcoin
banks are very influential on the marketing strategy to increase the selling power of bitcoin and can be used as a pump strategy for cryptocurrency prices

The transparency provided by bitcoin technology will help banks to overcome the shortcomings such as frequent inflation. This technology will make big changes to help banks manage better.

perhaps paypal will simply have a wallet that will be the guarantor of payment, while combined with Fiat money)

maybe a bank in your country can accept bitcoin, but banks in my country still cannot accept the arrival of bitcoin and have not received it with their hands wide open, but some of our residents already know bitcoin itself, maybe in the near future our bank can accept banks like your country, just pray.

we never know the truth that will come. whether or not the bank approves the crypto, because everything is difficult to guess. conditions always change every time without us knowing.

Banks would not allow to transfer funds thr bitcoin, crypto is one of the biggest challenge to the banks as crypto affects its core business, transferring funds thr blockchain is easy, secure and fast whereas its not that easy and fast with banks although its secure, people are always attracted to the some unique service, banks have limitations to the services due to its daily expenditures, banks could not allow any free service but banks may tie up with blockchain owners for some good services.

banks cant hinder the new payment system so i believe that they will come up with an idea either to copy or cope with cryptocurrencies. i believe that crypto and traditional banking can co exist.

honestly, bad idea if bitcoin connected with our bank or our account in the bank, i'm afraid about tax...many people get extra income even more than get from offline job, maybe if our bitcoin connect with our bank it can be a high tax bill

The bank might add additional bitcoin services in the future if the country has accepted bitcoin. And that will be easier for us to deposit our bitcoin quickly. But bitcoin cannot replace the country's fiat because fiat and bitcoin have their own functions tha (http://rumahmu.com)t cannot be replaced.

The banks would never do that. This is a direct threat to their viability and profitability. Knowing that the cryptocurrency can earn a lot of money if everything remains as it is now, people will certainly transfer their funds from their Bank accounts to crypto accounts. If the transfer will be with a minimum Commission the money in cryptocurrency will go even faster.

Bitcoin helps us in online transactions, peer transactions with trust! Digital money will support banking in the future trading system!

I think soon it will happen. and It will very convenient for all tourists having a vacation in other countries who is accepting a bitcoin.

Its an online application wallet where we can hide our digital currency which today banks already accepting due to increasing numbers of crypto transactions worldwide.

We can use directly paying using a bitcoin or bitcoin converting to a fiat money. The future is in the hands of the people it depends on us.

I hope this becomes a reality soon as all the banks around the world will act quickly and efficiently through Bitcoin as a very secure and confidential intermediary transaction. People do not need to spend too much time to go to the bank like now.

what will happen like that? Will Bitcoin support banking? it's not the nature of bitcoin that is decentralized and doesn't want anyone to manage it

Any adequate bank and payment system will prohibit it.
Due to the fact that it is not economically viable.
What is the benefit of it?

I think that in the future the banking system will not change. There will be more features, including buying and selling cryptocurrencies with a credit card, or banks will offer cryptocurrencies as a tool for investing, but in general everything will be the same.

But banks can definitely accept Bitcoin and other cryptocurrencies in future working to be it will be having soon and it will happen soon so my opinion with faces some economic issues it be possible but it will not be the economic falling one for any bank.

 
   Hey rishad quraishi! There no more central bank's in our future!  :-\ The only thing that is happening is a transition from the analog to the digital, then the quantum and finally to the reencounter to the source of the Universal code!

It's not a problem for our banks since bitcoin exchanges could convert digital currency readily because its a digital money. For now it's really connected to each other and many investments were ready accept fiat as mode of payments upon buying bitcoin. This is a reverse basis upon selling or buying your bitcoin when you're earning or getting your profit as well.

I know that there are banks that accept deposits in bitcoins from ordinary people. But I do not think it is useful for people as there is a struggle of digital currency and real money and cryptocurrency can be bought on the exchange .

im afraid that if bitcoin connected to banks, bitcoin will become centralized and not decentralized anymore.
In the first place, why we still need banks ? Bitcoin and cryptocurrency can operating without fiat money if it massive adopted by peoples in the world.

Bitcoin is very huge and very potentiating crypto currency and this is the reason why millions of people around the world are investing into bitcoin and there is no doubt that one day it will surely get legalised and centralised all over the world, the only defect with bitcoin is its illegal use and once it will get centralised globally there will be no illegal use as then there will be the governments of each nation who could keep eye over all the bitcoin activities and banks will also accepts the bitcoin very easily.

Well if that willbe happen, it was so good for us all,because banks and crypto is reunited us one and no more fear to worry for us who supports also.

If all of the banks will credits the bitcoin to be partner by them then for sure bitcoin would be spike very hard. Sky is the limit as they said.

Bitcoin connected to our banks is an opportunity which performs the best solution of payments and receives because this makes the way very easy and simple if you have digital currency or cash both are in one click that is the best solution of the needs,

how to make bitcoin will be connected to our bank without get regulation or legal by government, we have waiting when government will allow of bitcoin or altcoin in my country before we can connected between bitcoin and bank.

Although banks will not allow Bitcoin to be involved in any of their services as this will be a direct threat to their business but if at any point banks consider it then it will be a great thing to experience, payments will be fast and cheap, security will also be there but current banking systems are also very secure. I hope banks will atleast adopt blockchain technology someday.

Bitcoin is not a threat to banks, they should be motivated to compete with bitcoin instead. I am very supportive if the bank adopts blockchain technology because with this the bank can develop a transaction system with that technology.

I believe in the future the bank will be connected with bitcoin, because the bank will not miss the opportunity to increase revenue. Only the system that will be used can then be modified because banks are institutions that use fiat money, while bitcoin is a digital currency.

I hope so that bitcoin will be interconnected with banks in the near future and i want to keep it for using in the future crypto is very important part of the money and now many coins are related to the country market while it is now using for so many projects so it is possible that banks will soon accept bitcoin.

Actually, Ripple is backed by Banks. They use another surface to accept cryptocurrency.

it might be true what you are saying but everything is possible and no one can find out if all countries can accept bitcoins the possibility that banks can accept bitcoin too

indeed this will be good and bad for us, in the sense that when the price of bitcoin rises, our investment appreciates in value, but reverse is the case when there is a decline in price. but will be very bad for banks, banks will become obsolete with such development, this is the reason banks fight against the adoption of bitcoin.

Of course, this will happen and will be beneficial to all, and holders of Bitcoins, and banks. In my country, there is already an electronic wallet VEB-money, in which the bank has provided the possibility of replenishing it with bitcoins. However, it is impossible to withdraw Bitcoin from this wallet after this. He can be there and at any time they can pay for goods and services at the current rate on the date of purchase. However, in fact, the bank immediately transfers Bitcoins from this electronic wallet to itself. We only use its equivalent value. In principle, very convenient.

yes, banks already work with Ripple but not with bitcoin yet.

That's why I hate ripple, banks with bitcoin probably won't do much, I think because of possible 51% attack on bitcoin, that's why ripple is so damn closed shitty another bank system, from that shitty ripple you cannot even download a wallet or a node and they call it decentralized cryptocurrency, the only truly decentralized cryptocurrency atm is Bitcoin. maybe some others, but XRP definitely is not among them

It will be a good thing for the bankers but not for us. They will have a way to control our money, we don't hold our bitcoins anymore if its on their side. This is why bitcoin gives us the full authority to hold our funds and became our own banks. If the banks will start to act between people and crypto's, it will not be the same as crypto anymore. The main purpose of crypto's will be forgotten, I wouldn't even going to try it if this will happen.

If bitcoin will be connected with the bank, the exchang will lose its function as a place for cryptocurrency trading. Another side, it will give us convenience to change crypto to fiat and fiat to crypto. Bank can replace position the exchange.

Banks are just doing it for their sake, adoption of bitcoin will add more fees for them. Its like joining the business of your competitor, bitcoin has been a big threat for them so now they are dealing with it to be able to stay alive.

In my opinion. this will be a good step towards a digital economic era that can reach the entire world if every bank in all countries can connect or cooperate with crypto currencies. and this will make the economy in each country much more developed and make it easier for everyone to carry out economic activities such as trade and others.

First of all,it will and must take long time to popularize bitcoin for broad masses of people.Something about it could develop only a majority of people have learned about bitcoin.Besides,corresponding equipment is indispensable.But all in all,I think it will be a good thing for both.

When Bitcoin is connected to the Bank, it is a very good thing, so the government can make a decision by legalizing bitcoin.
We are all waiting for a moment like this. It is fitting that the Bank has a connection with Bitcoin and other digital currencies.

Well, bad really nothing.I would very much like to see this happen as soon as possible.But in fact, it is not soon to be realized.Especially given the current market situation.Do not understand what will happen tomorrow.We expected to see a completely different picture.If the situation does not change next year,then we can forget about it.

Of course if it will be fully accepted by the government we'll lose our privacy somehow.
But I still believe we could use it without connection to that. Like we do right now.

That would be great news for everyone investing in bitcoin. But this scenario is still far from happening. Banks are starting to accept the cryptos, but without proper regulation, any move more directed to this market is just incipient.

Yes, xRapid, a product of Ripple that is in the beta phase will take it to production this year. Ripple has partnered with Bittrex and banks Bitso and Coins.ph to carry out transactions with Mexican and Filipino workers respectively. xRapid Brings on Three New Exchange Partners (https://ripple.com/insights/xrapid-brings-on-three-new-exchange-partners/)

The success of Ripple with its xRapid project will be an advance between our crypto-community and it will also be a good role model.
But the ones that concern us is the adoption of banks and bitcoin. I think it's only possible if the banks adopt the blockchain technology or that the economy starts accepting bitcoin as well.

Bitcoin is not in a way connected to our banks.
But it's connected to our various banks whenever we started mentioning bitcoin or cryptocurrency in our transactions with the banks.
A case study of this has been happening in my country NIGERIA where by we have been seen some banks closing down some people's account on the fact that they're into bitcoin and this we know is as a result of mentioning bitcoin or crypto in there transactions.

I think bitcoin should be kept away from such deals, I think ripple can fulfill that work easily, bitcoin simply has to serve as a method of payment and transfers and would not make any sense to add a functionality with PayPal and its archaic rules, we're here to avoid that kind of economic institutions and their control over us.

Well, there are local banks that accepts dollar and euro accounts. In my imagination, banks with their native currencies plus major cryptocurrency like bitcoin why not but because of ultra volatility of bitcoin, I think it will not be easy for banks to do it. Any way there is a crypto exchange in my place that can convert your bitcoin and ethereum into local currency and send the equivalent to your bank account.

I don't think so as they don't share common interest for now. Unless the whole financial thing shifted and have the means of making ways for their advantages. When you think technically about it yes it's plausible but when it comes to the leverage, banks won't give in.

Currenctly, its too far to tell that bitcoin or other crypto currency is connected to banks. Why?, because some banks are against to used bitcoin and others are willing to accept and collaborate for sure its depends on the country if they allowed to do it. For me if banks are allowed to transfer bitcoin to wallet and vice versa it is a way of transaction because these too institution are united to give us a good service.

 :) :) :) :) :) :) :) :) :) :) :) Firstly it's called bitcoin wallet and I don't think it's possible to transfer your money into bitcoin wallet  WHY NOT JUST CONVERT YOUR MONEY  IT INTO BITCOIN AND SAVE IT IN YOUR WALLET

Secondly if bitcoin is in CO-OPERATION with the banking system this might make bitcoin lose its decentralized state which makes it unique from other currencies then the value of the bitcoin and cryptocurrency might be lost. Bitcoin would not be another currency in the hands of some bodies, organisation or countries.  :) :) :) :) :) :) :)

I think that every year more and more banks will be engaged in the storage of Bitcoin. I think that this will be a big step in the promotion of cryptocurrency. It sounds incredible but it can become a reality.

I think when bitcoin is allowed in all countries, there will be a new form of technology that will act as a bank for bitcoin holders. But i don't think the banks we have just now will be able to connect or be compatible with the blockchain technology of Bitcoin.

If Bitcoin joins our bank, then it will be good news for people who use Bitcoin. It will be easier to use bitcoin. But something like this is impossible now.

Linking our crypto wallet if possible will be a very good innovation. It will make transaction versatile and faster. Transactions will be very smooth as all most all the merchants will link their payment gate way to cryptocurrency and this will reduce more the incidence of cash carrying for business transaction.Cash theft also will reduce or eliminated outrightly.

If ever connect its because it is not approve in all banks if it will connect our economy will became good because it easy to deposit bitcoin in banks.

I think it is only a question of time. New services pop up every time - for example, today I have heard of this new Revolut card, revolutionizing the way you can pay with cards with different fiat currencies. Who knows, maybe tomorrow it will be a service doing bitcoin in cooperation with banks.

It can happen if investors and traders will push this, banks are still a business and if trends will force them to adopt then they don't have any chance to deny it, they need to adjust in order to sustain their businesses, so when things are already been adopted and people around the world are willing to use this new form of currency any time soon this features will mostly be added to our bank accounts.

Maybe with the advancement of time and technology that continues to grow, banks can adopt bitcoin so that banks can accept the goodness of bitcoin by working together. Transactions are fast and even get easy to swap from digital to fiat or vice versa.

blockchain technology is currently being studied in various banks and industry and bitcoin has also been adopted in various countries so this technology has been generally accepted, but it seems that the bank still has not received a fluctuating bitcoin price

it's a good thing if bitcoin supports the bank and my advice is to develop in each country the government should approve this matter right

The bank still feels hard to accept bitcoin as a connection because the banking system with the real currency will feel threatened. for now the better way is to sell bitcoin and send money to the bank account that will be easier.

At future if BTC will legalize in my country and banks are accepted Bitcoins than definitely there are many big companies/projects accepted it and added BTC in their payment method. Now it's dream but hopefully it will reality i believe. Government will should make new cryptocurrencies regulations.               

Yes, it all depends on the country if the country accepted bitcoin, of course the bank will provide additional services for bitcoin, but if the country doesn’t accept bitcoin, the bank cannot add services for bitcoin, the bank must follow the rules in that country.

You can do this right now. It will take a bit of time however because fiat is inherently slow. A bitcoin transaction is normally settled in an hour, but fiat takes days to settle. So any system that allows immediate switching between fiat and BTC will have to incur volatility risk.  That is a non-starter. A business can not cover a 30% loss in btc value while they fumble around settling paper money. So the shortest insurable transfer has to take days.

Although I would like bitcoin to follow its anonymous and centralized nature, this is probably what happens, in the end, we will have a lighter version of bitcoin that is associated with banks so that people can make their transactions without problems, it is not ideal, but at least it is something.

I think this will depend on the banks whether they would accept bitcoin or not, and it also depends on the country. The country that banned bitcoin will not allow this anymore.

That's what I expect to happen and I have other thoughts about that. I hope that they will accept bitcoin, because the BTC is experiencing tremendous fluctuations and hope to have a place to develop to a new level, develop more than in previous years and overcome the big change on this time ;D.

all of that can sometimes happen. but we don't know what the reality is. the problem is that the estimates sometimes cannot be exact and result in false news circulating. therefore we better see directly than predict what is not so clear.

I believe that soon the bank will be involved in the world of cryptocurrency, because the basic principle of banking is to seek profits. So a business as big as cryptocurrency will be very attractive to banks, all that is needed is rules related to banks with cryptocurrency.

i think very hard to connect bro.

i think in the future BTC and bank will link with each other

Based on how regulation at the country you stay, my country still not allowed for using bitcoin as transaction payment and only for investing or trading, it impossible could connected bitcoin to our bank account at the future.