Bitcoin Forum

We have heard of several countries that are embracing BTC, and even in it's falling state, some want to partake of it. It's quite an impressive initiative that the Swiss Post office, through it's banking arm, PostFinance, are taking to offer crypto services to it's customers in response to their demands for it.
 The plan to introduce this service will be the first of its kind as it aind to independent from other banks and operations will begin from 2024.
Despite it's fall from it's all time high price of 69,044.77 in Nov of 2021, the need to venture into cryptocurrency was necessitated by citizen's demands.
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“Our clients want direct access to this market through their house bank. Given the growing institutionalisation [of cryptocurrencies] in the last 18 months, this is the ideal time to enter the market,” Sandra Lienhart, head of retail banking has this to say.
 This move will go a long way to helping Bitcoin go global and I expect to see more people who were less welcoming of it to have a change of heart. What do y'all think of this? Your thoughts. https://finbold.com/swiss-post-office-to-offer-crypto-trading-and-custody-services-by-2024/

Bitcoin adaption is slower by government organizations due to decentralized behavior. But it's a good initiative the Swiss post office wants to open trading Bitcoin for users. Although it will be a custodial service, still good for citizens who are Bitcoin fans. But still, we have to wait for the official announcement. I can't see the official information source on the article.

Bear markets are usually slow periods, but they are the best time to jump into bitcoin; Prices are lower, but potential is high. With enough patience and controlled investments, the ROI could be very high.
This also applies to businesses, cooperate firms and banks getting into bitcoin.

I should point out that the Swiss Post is looking to gain more exposure into cryptocurrencies and not Bitcoin in particular and have been into the crypto space for some time now.

I agree with her, with every institutions, companies, businesses accepting Bitcoin as a means of payment for their goods and services, So will adoption continue to grow, and definitely, those who are less welcoming of Bitcoin will definitely have a change of heart, the most important thing is not to force anyone, but the secret is to continue to build and promote Bitcoin in our own little and whatever way we can, Bitcoin is here to stay, it is here to bring a total change to the monetary system, it is here to bring freedom to financial slavery, with time, even those who are currently less welcome of this technology will have no choice but to embrace it.

Is this the first time Swiss Post is doing something pro Bitcoin though?  As far as I remember, in Switzerland you could do stuff such as purchasing train tickets directly with Bitcoin and this was many years ago.

Great news anyway, since they are expanding services.  Remember there are many other National Posts such as Austria's that are now known for creating stuff like stamps for Cryptocurrency enthusiasts.  Cryptocurrencies are definitely either gaining more attention or they are complying with the inevitable situation of Cryptocurrency market's growth by finding ways to adopt them.

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Regards,
PrivacyG

This is good news for crypto adoption, but then using the post office as a channel for payment may require users to provide some form of KYC identity verification and this will be a major setback for that services. Since the post office is operating under the Spanish central government so there will be regulations that will lead to verification of citizens using the Bitcoin payment options.

Bitcoin will get more attention when the price is accelerated. actually bitcoin is something that we know quite well that has influence since it existence. At first countries that Bitcoin is just few if you watch this existence of bitcoin. And secondly bitcoin was been under war through government of different countries. So if some countries starts to embracing bitcoin currently that means Bitcoin price is having the Hope to rise.

Bitcoin has passed the skeptical period. Nobody is afraid that bitcoin will vanish except the newbies. No one is saying that bitcoin is a bubble anymore, except the enemies of bitcoin.
We have all known the truth about bitcoin. We are expecting nothing than more and more adoption. The power of blockchain is much and this what is keeping bitcoin going.

Companies, organisations and institutions have adopted bitcoin very well, the next wave will be countries. During the next bull run, when El Salvador will run into massive profits, other countries will rush in...

Bitcoin is getting more attention from companies because they know the price is going to increase soon, so they want to be prepared for it once this happens. I just think customers' satisfaction and welfare aren't the priority for these companies, rather it's all about their own profit. I say that because customers are being smashed by annoying and ridiculous regulations, while businesses adopting bitcoin don't give any importance to it.

One example of that is crypto.com platform, which doesn't allow users to cashout fiat funds to any banking accounts until users make a deposit on the platform through that same banking account they are trying to withdraw to. Moreover, that account must be attached to their name and ID as well, otherwise it's not possible to transfer money. Consequently, money can't be transfered to anyone and users are restricted to debit card for all daily transactions, what isn't enough to fully replace traditional banking system for real.

i expect at some point, you won't be able to transact bitcoin freely, because regulators will create a kind of whitelist addresses you can deal with and a blacklist containing the forbidden ones... All with connivance of such companies.

Whenever bitcoin made out some bull run then expect that search results and relevance would be high but when the market is entirely on bear then expect the other side of things where everyone is really that skeptical on dealing with bitcoin specially to those who havent heard of it or to those people who are just tending to dive in with crypto space. We know that adoption and recognition is something
natural to happen and not all would really be that confident on dealing with volatility but for sure and we know about its potential that it cant really be denied that this one is really worth of to engage on
but actually its just really that basing on own personal choice whether you would really get engage through it or would just wait for some opportunity before you do get in?

Bitcoin has done great numbers in price value, everyone who is not a pessimist would testity and invest into Bitcoin. Top platforms and government institutions are pessimistic about Bitcoin so only few bodies indulge on Bitcoin investment. The little number of institutions like SPO (Swiss Post office) have a better view of what Bitcoin is all about. This will indeed help productivity in the company when bitcoin hits bullish trend. So Bitcoin will keep on getting more adoption despite the winter because the bull market is sure and good investor tap from such repetitive experience.

Already Australian post have given access for the purchase of bitcoin through its application. This has been done an year ago and Australian post have done it partnering bitcoin.com.au, which is an initiative from a government managed organization. The vision of this project is to make bitcoin safe and easy for every Australian. Swiss have added similar plan, and swiss too a crypto friendly country this is one more better thing for its people.

Australia Post and Bitcoin.com.au launch a new partnership to pay for Bitcoin at Post Offices (https://www.google.com/amp/s/australianfintech.com.au/australia-post-and-bitcoin-com-au-launch-a-new-partnership-to-pay-for-bitcoin-at-post-offices/amp/)

I particularly cannot understand why they will only start operating in 2024? this time is a long way off considering that bitcoin is already something that is at a very high level of adoption I don't see any point in them waiting for 2024 to start operating, it looks like they want to gain some attention thanks to bitcoin but that they have no intention of offering crypto services but they have come to the public to lie that in 2024 they will operate some crypto related service. I could be wrong but I don't understand why they wait until 2024 to start operating

Just like elon terminates twitter deal.

It seems this kind marketing strategy getting popular , i would agree with you regarding this. There is no point planning it in 2024 while you could always start now!
They gained popularity with this and stepped in crypto things will always be risky for a traditional business like them.

Rather than a marketing strategy, it is all because of the market trend change. 2024 is targeted for the next bullish season. Maybe for that reason this could've been done. From a cryptocurrency service providers point of view, it is good to go with the market than waiting for such a long term to make the entry.

They are probably trying to exercise and see their clients' possible outcomes and wants. They probably try to collect more and more of that and ensure they are up to speed with having access to cryptocurrencies. I think their clients will like it even more, when they have established a good program, and it's not going to be too confusing for them to understand.

It's a significant step for them to do this. I believe more and more people would go and get more BTC because of this. Get into crypto in general.

I think very soon there will be many countries that will pay more attention to bitcoin. even those who previously only dared to pay attention to bitcoin without daring to enter it because it was still high, so today is different. because with prices that are already low enough, people will be much more daring to go in and buy. and this mass increase in bitcoin adoption will certainly have an impact on the demands of a citizen against his country to pay more attention to bitcoin and consider legalizing and legalizing it as a means of payment. even though a country is not interested in bitcoin at first but if its citizens turn out to be demanding otherwise, that is, its citizens are very interested in bitcoin, then the country will definitely rethink the demands of its citizens' interest.

People were skeptical about bitcoin for probably a year or two, that's till 2010 tops. After that bitcoin has been a solid currency that everyone who understands it trusts it also. The FUD and the propaganda on the other hand never stopped and will never stop. The bigger bitcoin gets the more intense the FUD will become.

If you compare things they do these days against bitcoin (eg. campaigns against bitcoin that sometimes reaches parliaments too) is more intensified compared to early years because of the growth bitcoin had and that scares the most corrupt centralized systems.

According to wikipedia,


If this is really true, it will get a wide traction from people in Switzerland. Savings, pensions, and real estate means they have clients that belong to old generations who are not fully aware about what is bitcoin. If their adoption gets a good feedback then it will spread a good news to other countries and try to adapt it as well.

For their beginning of operation, are they waiting for the next market cycle because 2024 is where next halving will occur.

In the next bull market, when companies and corporations investing in bitcoin will reap certain rewards. This will cause a domino effect in which more and more countries and financial institutions will jump into the market in order to accumulate bitcoins. During that period, bitcoin not only became more popular but also its price soared due to the high demand for ownership, so take advantage of this bear market to buy bitcoin at an cheap price.

There are many organization that are now leaning towards bitcoin adoption seeing the increase demand among mass and they want to be keep up with the latest technology in the market.At the bearish times the growth is slow but in near future you will see more countries and institutions adopting bitcoin.

The Australian post office service was also letting customer pay with bitcoin at it's outlet in past news and now this Swiss post office offering the crypto services

 Australia Post office bitcoin option  (https://www.coindesk.com/business/2020/06/26/australia-post-now-lets-customers-pay-for-bitcoin-at-over-3500-outlets/)

Am not sure if there is a need for KYC when all you only need is to pay the transaction over wallet to wallet or even p2p , so this does not really involving a problem here though what is my concern is the exposure from telling them that you are a Bitcoin user with camera around you.
but all in all this adds value to bitcoin in many forms.

Even in its failing state? so do you really think because there is a bear market that is not something new to the general crypto market you regard Bitcoin as failing? For those that understand, this is a perfect time to jump into the market and not in a Bull season as most people do however "Sandra Lienhart" understands this obviously.

Maybe this is a good step for a bank to offer crypto services to its customers because bitcoin is now getting a lot of attention from many parties.
With this offer, bitcoin's position in the banking sector can become stronger and foster trust from the public to start using bitcoin.
But they need to receive an explanation from related parties about how to use bitcoin so there will be no misunderstanding about its use.
This will trigger more bitcoin users and see what benefits they can get from using bitcoin.

I am also using this opportunity to accumulate more bitcoins at the moment as prices are low.

They are are smart guys at Swiss Post, no doubt about that. It seems unbelievable that we are still at the beginning of the journey, but that's where we are. Because of the high volatility of Bitcoin and lack of education in this field, most people still think BTC has no future. And only those who is able to be objective, they start adopting Bitcoin, to their great benefit in the years to come.

Is there a way to measure attention get by Bitcoin? I’m seeing many news like this but how come to determine if it’s really increasing or not since the price is the only basis to know whether many new investors notice Bitcoin or not. Bitcoin is existing more than 10 years already and I know many people already knew Bitcoin but just afraid to invest due to volatility and many scam and fraud event attached to it.

I’m interested to see the number of new investors rather than attention which has no proper metric at all.

what I think is the more positive about bitcoin. the proof is that countries in this part of the world are starting to look at it and like it. So I myself am getting more and more excited about investing in bitcoin, and if the bitcoin community is also famous, it's only natural because many people see people who have succeeded in investing in bitcoin, so bitcoin must be highlighted by the world. and what is unique,, bitcoin is favored by all circles,

Still people are able to still get their own non custodial wallet, so that is still nice. Surely independent merchants would consider using this if it was like a common thing around their area.
Maybe these adoption that we were hearing are not really being published in the news as people do not really like government to interfere with their business once they adopt Bitcoin.

Even if they wont really be making some news or announcement but the government wont really be that blind enough on not to know those certain information specially if its getting widespread into their
vicinity or in the area of their governance on which it would be normal for them to create such action or step neither they would really be opposing to it or would really get in line with it.
It does really depends on a certain country because we know that there are some who do make out considerations and there are some who do totally opposes it.
Speaking about attention then its something inevitable but on times like this on where bear market comes and regulation issues then it cant be avoided that people would really be having
those hesitance.

Bitcoin has always had the potential and it gains more attention as it was been influenced by social media, we can't simply ignore it perhaps, the growing adoption could tell that many people are willing to invest and even use it in their daily life. I know, some people are just quietly investing Bitcoin this time taking the opportunity of its current price. We can't deny the fact that Bitcoin is a great crypto asset and looking back on last year's performance will encourage people to invest.

That kind of news is not surprising that it will happen in other countries, that's why bitcoin has taken 11 years because different countries have seen that many will adopt the concept that Bitcoin has around the world in the field. of the technology that we have today that we are currently dealing with.

Then again this is good news for those of us who believe in cryptocurrency or Bitcoin.
This is another point for cryptocurrency holders in this industry.

I agree, I think researching the history of Bitcoin is more important than reading articles by various "experts" regarding the current situation. None of them can know for sure what's going to happen. All they write is speculation.

To be closer to reality, make your own conclusions from your own research.

Sure more and more attention and adoption for Bitcoin will be on the rise that's certain, What I do believe that there's going to be a time when the demand for Bitcoin will be high in such a way that even the Government of various countries would have no choice than to regulate and adopt BTC in their various countries, Bitcoin is the future of money and the only way forward for the evolution of money and the earlier the adoption the better for them.

The earlier adoption the better, many will get to know bitcoin and start using it. but it will not be that easy, Bitcoin certainly has many enemies or many who are against bitcoin. The government also can't control bitcoin completely, this will be a dangerous tool for the government because they can't control it the way they want to.
some developing countries only provide basic regulations on Bitcoin and should not be used as a means of payment.
Currently the real potential of bitcoin is as an investment tool that provides faster returns but also comes with a higher risk. For those who are pros of course Bitcoin is an evolution of traditional payments, but for those who are against Bitcoin, Bitcoin is a threat to Fiat. Evolution has to go hand in hand between Bitcoin and Fiat, cannot be separated for now.

Making your own research is not something that newbies are good at, that's why they are looking at others and what they are saying. Doesn't mean that they are doing the right thing, just means that they are doing it because they have no other option. What they should do instead is stay away from bitcoin and crypto until you know more about it, and learn how to research. But since they want to get in as soon as possible, they make mistakes.

This happens a lot during the bull run for example, they see people making millions from crypto and they get in without needing to get in too much and that causes a lot of trouble for them, don't know what else they could do.

Let us believe and pray that bitcoin last till then. Government of different countries are fighting bitcoin and also fighting bitcoin adopters. I have a fear that if more and more countries adopt bitcoin, US and IMF will start denying the countries that adopted bitcoin some international benefits such ad the cade of El Salvador.
One thing is that bitcoin will never come to your rescue or fight for you when they start persecuting you as a country,  company or an individual.
But bitcoin will always be there ti you face your challenges because it is the currency of the people.
It is q new technology and its adoption will keep increasing

Bitcoin has always been in the spotlight, you should not even be surprised. I don’t think that the situation will change dramatically over time, because in fact it is a top cryptocurrency.

a lot of development is taking place in the Bitcoin ecosystem, and the adoption of Bitcoin is slowly gaining attention right now with government restrictions and slow adoption with just a few countries adopting Bitcoin. A post office is adopting Bitcoin for business purposes and few will be demanding KYC. The need for KYC is what makes the use of those services not appealing to most Bitcoin lovers.
Seeing the leads in the Bitcoin adoption El Salvador has taken a lead among countries to have made Bitcoin a legal tender and also some other centralized services adopting the use of Bitcoin, I believe in the nearest future government are going to adopt Bitcoin following the already mainstream slow Bitcoin adoption.

We do like it or not on which Bitcoin do become even more popular or getting that attention when it is reaching all time high or making significant rise in its price and same goes opposite
when the price is plummeting where panic and fear could really be seen out on the market but recognition and adoption is something that cant really be stopped
and we've seen on how far we do able to reach out if we do compare the progress in 10 years back and into the present which we arent that blind not to see on how
far and how it did progress but expect that there are lots of fuds and shills around which you should prepare yourself with that.

Wouldn't this be one of the good news among the many bad news from Bitcoin?
But yes, this news may not have much effect on the Bitcoin market, because it is still regional in a country. But at least this is one way for Bitcoin to become increasingly accepted in various circles.

Here in my country, I felt the strictness of the KYC requirements after Bitcoin hit the mainstream. Back in 2017, I was using just our local wallet named Coins and the verification stuff was not strict back then but then it suddenly got a little bit more strict as the day goes by.
It might not be noticeable at hindsight, but dang, the government won't really let these things unregulated as the adoption goes by.

This could truly be good news for Bitcoin but then in a way, this could mean some form of identity target as am sure the post office will always demand identity from users who want to use the post office to buy Bitcoin, and also if not for the fact that i
This means public adoption through government agencies but not all Bitcoin users will want to leave exchanges to buy Bitcoin through the post office.

I was thinking of a country that is falling but I understand it as I finished reading the thread. In the state of falling of bitcoin (bear market). Yes, bitcoin is gradually entering countries in the world through the youths. I think, all the countries, the youth use bitcoin to trade or invest or use it do one business or the other. I do not thing that no country in the world bitcoin is not being used even the so call countries that they said, have been banned the usage of bitcoin in their various locations.
Sandra Lienhart emphasis on bitcoin is a nice encouragement of the to those people that disdain bitcoin in their localities. We also pray for them to have the change of mind or heart to adopt bitcoin, mostly the State governments in the world.

IMHO, this Swiss-Post initiative is a good thing for bitcoin.  It's a rather expanse initiative with a global reach, hence it will expose more to bitcoin which will increase the user base.  Once successful, what do you think other countries will do?  They will copy and then you have an even greater global reach, more exposure, and increased user base for bitcoin.

In fact, Bitcoin has always became the attention that attracted many companies, parties, countries, and also people toreact. Some reactions reject Bitcoin, some reactions accept and support it. Some may spread always FUD every time in the bear market or even on the bullish one. But the other may support and accept Bitcoin as payment in any condition.
ABout this case, I really think that this may be a starting point to good acceptance for further acceptance against Bitcoin. Many more countries that accept Bitcoin mean that Bitcoin may last longer again right? Although this news may not give a ver big impact against the FUD< at least, they have declared that Bitcoin can be that legit thing to be used for payment method.

Bitcoin will always receive a lot of attention, first because it is the only currency that everyone is looking for, there are others who are looking for eth and tokens, but those who are looking for tokens are at a very high risk that things do not happen and they lose money, because of this attention that is provided is exclusive to bitcoin to see how it can make its movement and thus investors can win, if it rises it is what many expect, but it is unfinished, very cloudy.

That is not something surprising. Bitcoin always had potential. The adoption numbers will keep on increasing day by day.

Having direct access to the crypto market through banks is like a direct trap because regulations will be even more stricter than using exchanges. Bitcoin adoption might even take longer than we expect and once it finally comes regulation will get worst than it is now. Might earnest wish is that this retail banks stay off the crypto market their services will cripple most crypto investors

That is still their own research, isn't it? It's up to them to decide what to believe in the end.


Is there even one person on the planet who at any given moment knows exactly where Bitcoin is going, up or down? I don't think so. The only thing many of us here are sure of is that a new ATH will be reached in the future. But we can't say, when exactly it will take place, and, newbie or pro, no one in the world can do it either. So, I would not suggest to newbies to stay away from Bitcoin. Rather, I would suggest to trade little by little, with small insignificant amounts, and even when they think they know everything, still not risk more than they can afford to lose.

It's not surprising to see the worlds vankers jumping on a monetary option :) That's their job. Objectivly, this does more for BTC addoption than El Slavador did. Wether we like it or not, these types of players are thr ones that will make a diference in the publics perception.

It feels good every time to see bitcoin being adopted at various places.
Although the adoption rate is very low for now, I hope it increases and is widely adopted throughout the globe.
The fact that this news is coming at the times of a bear market is more surprising and contributes toward a positive correction.

I see that there are still not so many Bitcoins implemented into payment methods now, but if it can be realized in the near future, I would be very happy to see it because in the country I live in now Bitcoin has not been implemented into payment methods although everyone is allowed to save it, invest it, and also trade it. So I would really support if Bitcoin could be applied to any payment in the world.

Even the current situation in the world is forcing Bitcoin to become an international means of payment, and as we can see, everything is moving towards this. As for the attention to BTC, it is important to note here that the high inflation of fiat money is forcing people to look for alternatives and Bitcoin is just one of them. But what is most interesting is the emergence of information about the great attention to BTC from banks, which indicates its acceptance as a means of payment and a means of savings. I am sure that now, with every passing day, the interest of ordinary people in the first place in BTC and cryptocurrencies will only grow, which means that in the future the crypto market will experience rapid growth.

This assumption or statement got my attention, Bitcoin is not falling simply because the price went down against the dollar. Don't use the price of Bitcoin to judge its progress the most important thing is Bitcoin adoption and usage, at the moment countries, are slow in Bitcoin adoption because Bitcoin can not be manipulated or controlled like the other currencies,  but having a post office accepting Bitcoin is a great deal but my worries are how long will that acceptance last or it will be replaced by other stable centralized coin.

It's fantastic that the Swiss post office is beginning to provide cryptocurrency services since it makes it simple for bitcoiners to conduct transactions. The demands of a citizen to pay more attention to bitcoin and consider legalizing it as a method of payment will surely improve if this adoption continues to expand and if others who are skeptical about Bitcoin change their opinions and try using bitcoin.