Bank in Norway now supports Bitcoin

[Cryptoipad]

This news will serve as a good push forward for bitcoin. I hope this bank succeeds in successfully working with bitcoin, and in Europe and other countries there will appear more and more enterprises that will cooperate with bitcoin.

the around the bank industry world are trting to business of bitcoin.the norway bank related to bitcoin process that support to bitcoin are used to bank.the based distributed are banks and financial institutions of market.technolgy development of bitcoin to some banks invoved to systamatically process.the norway bank of good industry to btc. the market and price involved and supported to bitcoin based on norway banks to related of business

[Sheckley]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

I think this is huge step indeed, but I would be cautious because well all know that banks don't like bitcoin because of its de-centralized features that is why you can buy directly but to use an exchange. But why used banks anyway when you can just buy it thru local coins or exchanges like coinbase that they have pointed at? Well, I think we should monitor and how see things work out with this setup in Norway.

Because some people are willing to give up privacy to win in comfort and to be able to cash out their earnings easier when they are trading, so to me it makes sense for this service to exist also banks only care about one thing earning money, so it makes sense at some point some are going to accept bitcoin.

You have also to consider that both if you want to buy or if you want to sell Bitcoins, at some point you need an interface to FIAT, since nobody is born with a wallet full of Bitcoins. If bigger sums are involved, a bank is needed, since that's where the FIAT usually comes from of ends up. So welcome to Bitcoin-friendly banks, versus banks which would close your account if they find out you are getting money from cryptos.

[hoodi]

I agree it is a huge step in banks workd, Japan, Norway more and more people understand importance of blockchain technology.

[icanscript]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

Certainly not all banks are controlled by a large banking lobby. There are bankers who want to squeeze through the users and the banking system. You may realize that the end is near. You need to borrow places in the new economy now.
Unfortunately, I can not say that this is a process, rather it is an exception to the rules.

[Washball]

This could be a huge step forward in easier accessing bitcoin. Even if It's just backend services to coinbase, it should make it easier for some people. And yes, we have to be careful and check it out. Banks are not exactly what we're waiting for. But if the Norwegian government does not object, it is a huge step forward for bitcoin.

[sparveenat]

It is good to see the News about  bitcoin every now and then. Bank in Norway now supports Bitcoin and we hope in future bitcoin is going to be only option. I wish other country also try to get the system.

[Tanu10]

It is a faster way to do it but users should also be more careful about their safety. And it is a good development.

[Vaculin]

It is good to see the News about  bitcoin every now and then. Bank in Norway now supports Bitcoin and we hope in future bitcoin is going to be only option. I wish other country also try to get the system.

There are good news and bad news but what prevailed today is the bad news as people are doing panic selling.
I am hoping that after this panic selling this positive news will be widely accepted to people so they have a good reason to buy, it's always time to hold
and just let this finish as for sure if bitcoin will not end, it will bounce back hard.

[Veterock]

Norway is always the first country in innovation!All new technologies are here)I'm glad to hear so promising news)

[KingOfWinterfell01]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

Good to know. I wish other big banks would do this and support bitcoins and other platforms like alt coins as well. But I can't say something about the security and the fees that come with having your bitcoins stored in a real life bank. It's really up the owner to which route he will be taking his bitcoins.

[Wahyu aep]

At the very least, banking institutions are beginning to include how they can integrate it into the banking system. Of course, to start it will not be that easy but over time it will improve the news is that users instead send their money from the bank to Coinbase and wait a few days until they arrive they can directly link bank account with Coinbase account and make an instant purchase . This is the way it is

[Mjeramirez]

That’s good to know, I think bitcoin continues to become a true currency, this moves by Norway proves that banks and Bitcoin can co-exist. I think as bitcoin become the prime choice of currency for internet goers, banks and the government will recognize its value and will devise a plan for them to have a mutual relationship with each other. Bitcoin will continue to grow and there will people who will constantly support bitcoin.

[jamesscorpin88]

Wonderful ! As Norwegian banks supports Bitcoin, So I think rest of progressive banks around the world will follow up. The Asian giant Japan and South Korea are following their footsteps as well. Rest of the countries where Bitcoin is fully prohibited , I hope they will also relax their law.

[CryptoClown]

Good to hear news like this. Crypto exchangers partnering with a bank is a huge step indeed. Crypto people in Norway because it'll be much convenient for them to trade in Coinbase and when that happens there'll be more clients coming into that bank. I just hope that this partnership will be successful and won't have any problems with the government laws there. If other banks will see the advantage of this, I am sure others will follow.

[jaocoincrypto18]

It is good to see the News about  bitcoin every now and then. Bank in Norway now supports Bitcoin and we hope in future bitcoin is going to be only option. I wish other country also try to get the system.

This is why i believed that not all banking system is against bitcoin in which here in our country our Central Banks of the Philippines is very supported in Bitcoin and other digital currencies too. Instead of banning Bitcoin they just release a guide list on how not to become a victim of scam ICO and some investment sites that are using Bitcoin platform.

[Brama Jasa]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

if the bank in norway supports bitcoin why can not we buy bitcoin there? why through coinbase? does the bank merely act as the transactions between world currencies and digital currencies?

[Taskford]

That is a great news to know that there are now banks that accepting bitcoin because that is a sign that bitcoin is really getting some progress in the overall aspect that it is getting adopted and accepted in some of the banks in some countries and i hope that more and more banks and countries will be involved in the cryptocurrency for us to have a better coverage for our cryptocurrencies.

[panukurap]

This is good news, now bitcoin has spread all over the world, with more countries that legalize bitcoin, will make bitcoin growing with its growing interest, hopefully bitcoin can be received in the country that is now still prohibit it.