Does any bank accept Bitcoin?

[stark101]

Does any bank accept bitcoin? Actually, a bank that accepts Bitcoin is quite unusual, however it makes total sense for us and provides huge benefits to their clients.

But as i read some of the articles, Global Digital Bank WB21 are starting to accept bitcoin deposits. It state their, that they added bitcoin as a method for its customers to transfer and deposit funds to their checking accounts and the customers can now send bitcoin to make real time account deposit in any currencies supported by bank.

[deisik]

I think the banks should immediately accept bitcoin. This is very important, because a bitcoin can change all kinds of financial transactions.

I agree with you . someday bitcoin currency can be a very widely used. if the bank is prepared from now then I am sure they will be able to benefit in the future. many people are hoping that the BANK to accept bitcoin.

Don't wait for it. Banks want to maintain the current level of control that they have over their customers. If they happen to accept Bitcoin one day, then this control will be gone

Could you expand more on this?

Ain't Bitcoin transfers irreversible? So if someone sends his bitcoins to his Bitcoin account opened in a bank, it is him who loses all control, not the bank. On the contrary, the bank which receives the coins gets full control over them. If you refer to opening a Bitcoin account in a bank, I don't see how it would be particularly different to opening any other account there. I mean to say you will have to provide all personal info regarding your identity, just like when you open an ordinary account. So, as far as I can see, banks in no case lose any control over their clients

[Fatanut]

I think the banks should immediately accept bitcoin. This is very important, because a bitcoin can change all kinds of financial transactions.

The banking system is one of the largest investments that the government has and it's opponent is the bitcoin system. If the banks start accepting bitcoin, then that means the government has accepted their defeat. That means they surrender their centralized money and choose to have a decentralized one. I doubt this would happen because the government wouldn't be able to collect tax if all of us would do online transactions. But I guess there's a way for them to do so, I just don't know what it is.

[romero121]

Banks were not in a plan to use bitcoin, but they have been into examination of using the technology. Even now Mizahu, one among Japan's biggest bank with IBM is to implement their own digital currency following the Blockchain technology. Trails were going on continuously, to get effect from 2017.

[LovelyPrey]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

[1Referee]

Banks were not in a plan to use bitcoin, but they have been into examination of using the technology. Even now Mizahu, one among Japan's biggest bank with IBM is to implement their own digital currency following the Blockchain technology. Trails were going on continuously, to get effect from 2017.

It's all about control when it comes to governments, banks and corporations. So yes, they will develop their own version of the blockchain with possibly some sort of currency attached to it. If they go with this, and I think it will definitely happen, then they will be able to maintain the level of control they have right now, but with the benefit of offering people a much better and quicker overall experience. And if everything falls into the right places, people will also benefit in the way that the fees will go down as well. Blockchain as technology is a hot item for the business world, Bitcoin as currency not so much.

[deisik]

I think the banks should immediately accept bitcoin. This is very important, because a bitcoin can change all kinds of financial transactions.

The banking system is one of the largest investments that the government has and it's opponent is the bitcoin system. If the banks start accepting bitcoin, then that means the government has accepted their defeat. That means they surrender their centralized money and choose to have a decentralized one. I doubt this would happen because the government wouldn't be able to collect tax if all of us would do online transactions. But I guess there's a way for them to do so, I just don't know what it is.

I don't think it means anything in particular

Banks are accepting foreign currencies and even pay interest on deposits opened in a foreign currency, though the interest is usually by far smaller than on deposits opened in the local currency. Does it mean that the government has accepted their defeat and surrendered their national currency? There is absolutely no reason to think so. I guess Bitcoin in this respect is no different than any other foreign currency out there, be it centralized as fiat or decentralized as gold

[Yutikas_11920]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

Yup, it's something that will definitely do the banks. Because I see that the system used in the bitcoin system is contrary to the banks, so it will be very difficult for them to accept bitcoin as their official currency. But it all could have been acceptable if the bank indeed bitcoin owner (satoshi) appears and gives something very secret to be able to access the bitcoin.Just wait and see the outcome of that will happen in the future, and do something useful for us now

[saiha]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

[salmanahmedone]

Haven't heard about the bitcoin bank acceptance but i know one thing that xappo wallet
offers xapo atm/debit card which is applicable worldwide.

Good to know this, I guess most of bitcoin wallet offers this kind of service.
So, I guess the bank does not have any plan on accepting bitcoin since the users doesn't have any information that can the bank use for transaction

[deisik]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

[Zadicar]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

Profits would be always there when we say bitcoin is being adopted by banks and thats for the sake of money and as you said the hindrance is the adoption and the regulation of government regarding into bitcoin. As of today i didnt know any such banks do accept bitcoin already,if this thing really happens i dont think that people will put their bitcoins on the bank.

[Positid]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

Profits would be always there when we say bitcoin is being adopted by banks and thats for the sake of money and as you said the hindrance is the adoption and the regulation of government regarding into bitcoin. As of today i didnt know any such banks do accept bitcoin already,if this thing really happens i dont think that people will put their bitcoins on the bank.

I don't know if it can give a positive effect on the economy of bitcoin, there must be a careful study of the government on this matter if they intend to accept bitcoin. The fact that we are using an anonymous transaction it will already contradict the purpose of the bank for transparency to ensure that transactions are all legitimate.

[Zadicar]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

Profits would be always there when we say bitcoin is being adopted by banks and thats for the sake of money and as you said the hindrance is the adoption and the regulation of government regarding into bitcoin. As of today i didnt know any such banks do accept bitcoin already,if this thing really happens i dont think that people will put their bitcoins on the bank.

I don't know if it can give a positive effect on the economy of bitcoin, there must be a careful study of the government on this matter if they intend to accept bitcoin. The fact that we are using an anonymous transaction it will already contradict the purpose of the bank for transparency to ensure that transactions are all legitimate.

Thats why im thinking off regarding on this matter on which banks would adopt bitcoin since its decentralized and i cant see a reason why they would do such actions. How they could able make money on storing bitcoin since users are already aware on the inflation price of bitcoin if those banks will cut off those profits people would really rally.

[deisik]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

Profits would be always there when we say bitcoin is being adopted by banks and thats for the sake of money and as you said the hindrance is the adoption and the regulation of government regarding into bitcoin. As of today i didnt know any such banks do accept bitcoin already,if this thing really happens i dont think that people will put their bitcoins on the bank.

I don't know if it can give a positive effect on the economy of bitcoin, there must be a careful study of the government on this matter if they intend to accept bitcoin. The fact that we are using an anonymous transaction it will already contradict the purpose of the bank for transparency to ensure that transactions are all legitimate.

With banks, anonymity will no longer be the case

When you open an ordinary bank account, banks require you to provide all personal info that they can only find relevant for the said purpose of transparency. I don't think things will be somehow different with Bitcoin. In this way, transactions can no longer remain anonymous

[Zadicar]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

Profits would be always there when we say bitcoin is being adopted by banks and thats for the sake of money and as you said the hindrance is the adoption and the regulation of government regarding into bitcoin. As of today i didnt know any such banks do accept bitcoin already,if this thing really happens i dont think that people will put their bitcoins on the bank.

I don't know if it can give a positive effect on the economy of bitcoin, there must be a careful study of the government on this matter if they intend to accept bitcoin. The fact that we are using an anonymous transaction it will already contradict the purpose of the bank for transparency to ensure that transactions are all legitimate.

With banks anonymity will no longer be the case

When you open an ordinary bank account, banks require you to provide all personal info that they can only find relevant for the said purpose of transparency. I don't think things will be somehow different with Bitcoin. In this way, transactions can no longer remain anonymous

Indeed since all banks are regulated by government on which you will definitely give your informations to theirs and that means you cant able to hide yourself on such possesing and depositing bitcoin to a bank. If you are kind of person like being anonymous then this feature/bank wont give you interest at all and you will surely choose your classic web/hardware wallet rather than putting bitcoin on banks.

[ericson]

maybe not all banks accept, because of security porpuses...but also it depend to the bank..

[saiha]

I guess this will be hard for the bank to accept since bitcoin users does not have any secured information unlike those bank users.
But then, bitcoin is okay and working fine without bank.

It is easy depending on the capacity of banks if they are really have the guts to use bitcoin for their services.

But this is possible to happen as long as there are financial things included, banks won't let themselves to be late with it.

And I know they already know things about bitcoin and many of them are still planning if they accept bitcoin.

Banks certainly have the guts to work with Bitcoin

The reason why they are not working with Bitcoin yet is twofold. First, Bitcoin is still not regulated enough for banks to use it freely. Or they may be outright prohibited from touching it by the authrities, like what the Chinese government did. Second, even if the government explicitly allowed banks to work with Bitcoin, we should always remember that banks are there for profits mostly. And if there is no demand for Bitcoin services offered by banks, the latter just won't use it

Profits would be always there when we say bitcoin is being adopted by banks and thats for the sake of money and as you said the hindrance is the adoption and the regulation of government regarding into bitcoin. As of today i didnt know any such banks do accept bitcoin already,if this thing really happens i dont think that people will put their bitcoins on the bank.

I don't know if it can give a positive effect on the economy of bitcoin, there must be a careful study of the government on this matter if they intend to accept bitcoin. The fact that we are using an anonymous transaction it will already contradict the purpose of the bank for transparency to ensure that transactions are all legitimate.

With banks anonymity will no longer be the case

When you open an ordinary bank account, banks require you to provide all personal info that they can only find relevant for the said purpose of transparency. I don't think things will be somehow different with Bitcoin. In this way, transactions can no longer remain anonymous

Indeed since all banks are regulated by government on which you will definitely give your informations to theirs and that means you cant able to hide yourself on such possesing and depositing bitcoin to a bank. If you are kind of person like being anonymous then this feature/bank wont give you interest at all and you will surely choose your classic web/hardware wallet rather than putting bitcoin on banks.

That's true, because if you are using bitcoin and after while you wanted to use bitcoin banks then you are just like using a normal service of them.

Because they require information and other things that will disclose your identity to them and even me, I will not use this type of service.

Unless I really need a loan to them.

[ged00u]

maybe not all banks accept, because of security porpuses...but also it depend to the bank..

I have not found any bank which accept Bitcoin yet. Bitcoin has only existed on this planet for 8 years and bank have not tried to add any function about it. However, recently, there is a news about a bank in Europe allow users to buy ans sell Bitcoin directly from it. It is a very good development this year, though

[deisik]

maybe not all banks accept, because of security porpuses...but also it depend to the bank..

I have not found any bank which accept Bitcoin yet. Bitcoin has only existed on this planet for 8 years and bank have not tried to add any function about it. However, recently, there is a news about a bank in Europe allow users to buy ans sell Bitcoin directly from it. It is a very good development this year, though

I myself think along the same lines basically

Bitcoin banks could contribute greatly to Bitcoin adoption and usage since people tend to trust banks more than Bitcoin. I mean average people, not Bitcoin die-hards, of course. On the other hand, though, if they start doing the same things that they had been doing with gold through the 19th century, that may not end well. I mean when they accepted gold from their clients and issued gold certificates which nominal value soon started to exceed the amount of gold actually available in the bank vaults