Duzter
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April 20, 2017, 02:19:29 AM |
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As far as my knowledge there is no bank accept Bitcoin as a legal money. They do not allow us to invest bitcoin for any purpose. Because no government accept this.
Yeah bitcoin is not directly accepted as investment, the reason is that around the world very few banks were highly digitalized. Remaining even now work on paper and pen. In the mean it's found that banks were making investments on bitcoin, soon we can see bitcoin acceptance in banks similar to gold investment. |
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lighpulsar07
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April 20, 2017, 03:38:18 AM |
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Not for now because the banks they don't acknowledge bitcoin as a currency or an legal financial instrument and also because of government regulations and warnings in digital currencies in some countries, banks will do the same. Maybe in future banks can accept bitcoin.
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Mr. Legendaris
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April 20, 2017, 06:36:30 AM |
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Sooner or later all banks will accept bitcoin, this is because more and more used for bitcoin transactions, currently many States that still prohibit bitcoin, if the State approved the bank bitcoin will soon accept bitcoin.
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NEWGOODOUBLE
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April 20, 2017, 07:34:40 AM |
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Sooner or later all banks will accept bitcoin, this is because more and more used for bitcoin transactions, currently many States that still prohibit bitcoin, if the State approved the bank bitcoin will soon accept bitcoin.
I think it will depend on the government. Because the government will determine the legalization of bitcoin. If during that time the government does not receive bitcoin then bitcoin will never be accepted by bank |
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sportis
Sr. Member
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Activity: 406
Merit: 252
Veni, Vidi, Vici
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April 20, 2017, 08:02:27 AM |
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Many people above posted that banks do not accept bitcoin for many reasons and I will not disagree with them. Additionally searching the net we know more than five companies which offer debit and prepaid cards where someone can load with bitcoins and convert to fiat. Therefore, I believe that if there is not now, but maybe in the future a bank with a different name will be behind any of a service like these companies are for a simple reason. Banks love profit and they really don't care where it comes.
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Biggapp
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April 20, 2017, 08:04:45 AM |
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Sooner or later all banks will accept bitcoin, this is because more and more used for bitcoin transactions, currently many States that still prohibit bitcoin, if the State approved the bank bitcoin will soon accept bitcoin.
I think it will depend on the government. Because the government will determine the legalization of bitcoin. If during that time the government does not receive bitcoin then bitcoin will never be accepted by bank yes you are right that the acceptance of bitcoin depend on the government, if the government accept it as legal currency so i think the banks will also accept bitcoin as currency. moreover if the popularity of bitcoin increase as fiat then there is chance for bitcoin to be accepted as legal. |
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Kasabus
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April 20, 2017, 08:17:02 AM |
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Sooner or later all banks will accept bitcoin, this is because more and more used for bitcoin transactions, currently many States that still prohibit bitcoin, if the State approved the bank bitcoin will soon accept bitcoin.
I think it will depend on the government. Because the government will determine the legalization of bitcoin. If during that time the government does not receive bitcoin then bitcoin will never be accepted by bank yes you are right that the acceptance of bitcoin depend on the government, if the government accept it as legal currency so i think the banks will also accept bitcoin as currency. moreover if the popularity of bitcoin increase as fiat then there is chance for bitcoin to be accepted as legal. Let us not think of that, bitcoin will not be accepted by the bank as they only accept legal currency. Bitcoin is for crypto world only while in the real world is for fiat. It's two different dimension but this two could exist together to give us better experience. |
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doomistake
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April 20, 2017, 08:26:07 AM |
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As far as my knowledge there is no bank accept Bitcoin as a legal money. They do not allow us to invest bitcoin for any purpose. Because no government accept this.
Actually there are banks who is accepting bitcoin as an investment, like in Japan. Japan already consider bitcoin as a currency, and I know that other countries will accepts bitcoin also. Also in the Philippines, the Central Bank of the Philippines is now accepting bitcoin as a payment on every transactions that their customers will be made to them. And it is possible that there will be a Bitcoin Bank in the near future all over the world because bitcoin will be the future money that we are all going to use. |
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coldice
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April 20, 2017, 08:32:16 AM |
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Its simple tactic, bank will take bitcoin and then sell them or they might be having some exchange linked with them who can sell bitcoin.
In this way bank can take bitcoin but if there is price fluctuation on every minute then there might be some issues.
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Back to talk
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poetra2501
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April 20, 2017, 08:53:12 AM |
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As far as my knowledge there is no bank accept Bitcoin as a legal money. They do not allow us to invest bitcoin for any purpose. Because no government accept this.
Obviously, there are still no banks that accept bitcoin as a legal or main currency like fiat, but there are some that accept bitcoin as a virtual or digital currency. There are banks that accept bitcoin, but, they are not saving bitcoin, so they convert it to real money. And who's "they"? nany people invest on bitcoin and the government do not stop us from doing so. Well, none of the banks that accept Bitcoin, it is because Bitcoin is decentralization system, meaning that no one is controlling and regulating Bitcoin by anyone, including the Banker's. If the Bitcoin already in receipt in the Bank then typical of the Bitcoin (decentralized) will be lost. And it's impossible. |
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Victorycoin
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April 20, 2017, 09:13:22 AM |
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As far as my knowledge there is no bank accept Bitcoin as a legal money. They do not allow us to invest bitcoin for any purpose. Because no government accept this.
Yeah bitcoin is not directly accepted as investment, the reason is that around the world very few banks were highly digitalized. Remaining even now work on paper and pen. In the mean it's found that banks were making investments on bitcoin, soon we can see bitcoin acceptance in banks similar to gold investment. I want to believe you would get to know better with time, but in this digital age, there is hardly any bank out there that is not digitized and digitalization is no reason banks are unwilling to embrace Bitcoin. The main reason behind that is fact that the mode of operation of banks and Bitcoin are opposite and parallel - one is decentralized while the otter is centralized. |
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Punakawan
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Merit: 11
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April 20, 2017, 09:24:31 AM |
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It looks like it's not easy, it took a long process, we know that all transactions the bank supervised the Government so that when they use the bitcoin surely must get government approval.
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ice18
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April 20, 2017, 10:17:56 AM |
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Maybe there are some banker who are engage in bitcoin exchange and using bitcoins for now but not totally a specific bank can accept bitcoins, I wonder if bank employees are aware of cryptocurrencies like bitcoins.
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Gaaara
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April 20, 2017, 12:10:53 PM |
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As far as my knowledge there is no bank accept Bitcoin as a legal money. They do not allow us to invest bitcoin for any purpose. Because no government accept this.
Actually there are banks who is accepting bitcoin as an investment, like in Japan. Japan already consider bitcoin as a currency, and I know that other countries will accepts bitcoin also. Also in the Philippines, the Central Bank of the Philippines is now accepting bitcoin as a payment on every transactions that their customers will be made to them. And it is possible that there will be a Bitcoin Bank in the near future all over the world because bitcoin will be the future money that we are all going to use. That's true in Philippines we can pay bills using bitcoins, and even withdraw it using atm machine, and withdraw it in remitance center. All you need is to use the only application we Filipino normally use, convert it to Philippine peso then you're good to go, you can withdraw anytime anywhere using the wallet application. |
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erickkyut
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April 21, 2017, 05:36:39 AM |
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As far as my knowledge there is no bank accept Bitcoin as a legal money. They do not allow us to invest bitcoin for any purpose. Because no government accept this.
Actually there are banks who is accepting bitcoin as an investment, like in Japan. Japan already consider bitcoin as a currency, and I know that other countries will accepts bitcoin also. Also in the Philippines, the Central Bank of the Philippines is now accepting bitcoin as a payment on every transactions that their customers will be made to them. And it is possible that there will be a Bitcoin Bank in the near future all over the world because bitcoin will be the future money that we are all going to use. Since when that the Central Bank of the Philippines accepts Bitcoin as a mode of payment? I'm a Filipino and haven't heard such thing in the news. Maybe I'm just not updated or it is just a story you just made? I also haven't heard of any banks that accept Bitcoin. Maybe in the future but for now, I think it is impossible. |
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just_Alice
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April 21, 2017, 08:36:56 AM |
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~ We are offering instant account opening for Private and Business clients from 180 countries. The problem some of our clients face is to make deposits if we don't maintain a local account in their country. By accepting Bitcoin, our customers can instantly transfer funds to their WB21 account from any country in the world. As soon as they send Bitcoin to our address, we credit the value in the currency the customer has selected to their checking account This is still a far cry from Bitcoin deposits in the true sense of the word But still this is better than nothing. From this we can see that some banks are cooperating with bitcoin users making things easier for them. I don't know, do we realy need an option to make deposits in BTC? Considering the volatility of bitcoin this might never happen, but if all the banks around the world were cooperating like WB21 I think we could call it acceptance in a way. |
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Ndasmu Njeblug
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April 21, 2017, 09:06:59 AM |
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Remember that the bank is the official financial institutions and already go public so that whatever is done should get approval from the Government and shareholders, it's not easy I think banks can accept bitcoin.
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Wong Gendheng
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April 21, 2017, 10:23:50 AM |
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I would say that bitcoin is different with real money, if the bank accept bitcoin surely will make the bitcoin's getting popular so that within a short time the price will skyrocket.
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Anjing Lu
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April 21, 2017, 11:38:04 AM |
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It took a long time, the main problem is the bank should get authority from the central bank to accept bitcoin. Currently, the central bank is very strictly supervise financial transactions so that any policy of the bank subject to approval of the central bank.
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pinkpanther03
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April 21, 2017, 12:44:07 PM |
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Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
As far as I know there is no bank that accepting bitcoin at the present time now, and the only company I knew they accepted bitcoin was Dell, Amazon, mercedez, apple and also in the near future many of the upcoming company will adopt the system of bitcoin. |
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