ING is being hypocritical about bitcoin

[Albert Hamilton]

In a previous news we got to know that ING has already started blockchain experiments. Their spokesman Robert Gunther said...

By using bitcoin technology, banks might be able to update customer accounts within seconds. The question now is whether this would indeed be possible, and if so, at what risks. Apart from the functionality, our focus will always be on security as well.

Source: http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

Today they said on twitter that they will not allow their customers to buy bitcoin with an ING account...

het is inderdaad niet mogelijk om bitcoins af te rekenen met je ING rekening. De risico's verbonden aan deze munt maakt dat dergelijke transacties worden geblokkeerd.

Source: https://twitter.com/100bitcoin/status/621804256329216000

[yayayo]

In a previous news we got to know that ING has already started blockchain experiments. Their spokesman Robert Gunther said...

By using bitcoin technology, banks might be able to update customer accounts within seconds. The question now is whether this would indeed be possible, and if so, at what risks. Apart from the functionality, our focus will always be on security as well.

Source: http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

Today they said on twitter that they will not allow their customers to buy bitcoin with an ING account...

het is inderdaad niet mogelijk om bitcoins af te rekenen met je ING rekening. De risico's verbonden aan deze munt maakt dat dergelijke transacties worden geblokkeerd.

Source: https://twitter.com/100bitcoin/status/621804256329216000

What do you expect? ING is a bank after all. Bitcoin will make them obsolete and banks are starting to realize that.

However annoying customers by not allowing them to use their funds as they wish, banks will only help to speed up Bitcoin adoption, because when it comes to money, people react very sensibly to actions that might put them out of control.

ya.ya.yo!

[OmegaCollector]

<Shhh> don't anyone tell them I am already using my ING account to buy bitcoins.

[eerygarden]

<Shhh> don't anyone tell them I am already using my ING account to buy bitcoins.

From an exchange or market place?

[jeannemadrigal2]

Of course banks don't want you to use cryptos.  Why wait days and pay lots of money to transfer assets, in stead of just a few minutes at almost no cost?

[OmegaCollector]

<Shhh> don't anyone tell them I am already using my ING account to buy bitcoins.

From an exchange or market place?

I used a marketplace, so they don't know I did it. But that's the thing, isn't it? They can't stop me from using my money, even if they can restrict where I send it.

[scarsbergholden]

How much money did ING get back from the 2008 bail out, you can blame the banks for acting like this is the government keeps babysitting them for centuries.
banks are the bully from the school and we are all younger kids, all we have to do is kick the bully in the balls and call it a day, bitcoin is our tool!

[Argwai96]

How much money did ING get back from the 2008 bail out, you can blame the banks for acting like this is the government keeps babysitting them for centuries.
banks are the bully from the school and we are all younger kids, all we have to do is kick the bully in the balls and call it a day, bitcoin is our tool!

Ing Receive about 13 billion dolars in the 2008 bail out or what they called the government boost injection, talk about a nice injection.

[Amph]

who the hell will use their shitty bank with shitty fees when there are plenty of other alternative with very low fee or zero fee?

so they are not the one between the best banks in terms of offer, and the fact that they are rejecting bitcoin will put even more in bad light

[batesresearch]

who the hell will use their shitty bank with shitty fees when there are plenty of other alternative with very low fee or zero fee?

so they are not the one between the best banks in terms of offer, and the fact that they are rejecting bitcoin will put even more in bad light

I used to use ING Direct many moons ago but actually switched as the charges and fees placed on my account were ridiculous, this was before the days of bitcoin but I know I'll never bank with ING again

[abacus]

It seems there is an update from ING:

A spokesperson for ING Group has clarified its customers are able to buy bitcoin via company bank accounts, despite conflicting statements from one of its social media representatives.

Source:
http://www.coindesk.com/ing-bank-customers-not-blocked-from-buying-bitcoin/

[oblivi]

Im yet to see a single person that's on the banking business that understand Bitcoin and doesn't reveal him/herself as a flamboyant know-it-all moron when they address Bitcoin and the Blockchain. I've seen tons of videos and news reports and they just don't seem to get the point, the main one being that you can't separate the Blockchain from a cryptocurrency and how dumb it is to not just use the already existing most secure blockchain the world (the Bitcoin blockchain).

[newIndia]

It seems there is an update from ING:

A spokesperson for ING Group has clarified its customers are able to buy bitcoin via company bank accounts, despite conflicting statements from one of its social media representatives.

Source:
http://www.coindesk.com/ing-bank-customers-not-blocked-from-buying-bitcoin/

WoW... such a somersault. Awesome. I wish, someday these bankers say that when they said they are interested in blockchain technology, they actually meant bitcoin.

[Danielzo]

Banks have always been hypocrites when it comes down to digital currencies, and this is understandable considering the fact that they charge exorbitant fees for simple services, which can be obtained for free while using Bitcoin.

However, as cryptocurrencies will continue to grow, banks will be forced to adapt, otherwise they'll just end up crippled with debt and lack of customers.

[gentlemand]

Depending on the country they're in, it could also partially be down to sheer ball ache regarding money laundering legislation.

There are a ton of laws that apply to them that we're rarely told about, not that it stops HSBC financing drug dealing and terrorism.

I've read elsewhere that you can call ING and get them to 'unblock' BTC related payments.