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marcoman22
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January 25, 2017, 02:15:02 PM |
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Almost 99% of banks in the world accept bitcoin.They accept it indirectly, for example you can use an exchange to change bitcoin to fiat and then deposit.Since Bitcoin is their no.1 competitor, some banks even block the account if the account holder is found associated with bitcoin.Global digital bank WB21 has announced bitcoin as method for their customers to transfer and deposit funds to their checking accounts.By offering this, their customers can instantly transfer funds to their accounts from any country in the world.
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No Gods or Kings. Only Bitcoin
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BitSat
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January 25, 2017, 07:20:10 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.
Well here in the Philippines there are some banks that you can use to cash in and cash out your bitcoin, But i doubt that they will really embrace it they would only accept it cause they could earn through it . They are not still accepting it since they are just being used on cash out and as far as i know theres a local wallet provider who tied up to bank for this but it doesnt mean that banks already accept bitcoin because if we are saying it does accept then we could able to saw on their services and bitcoin is included with it. As quoted several wallet developers are making collaboration with banks and developing payment accessibility similar to the digital wallet with the same fee structure. Hoping this advancement will further help in the use of bitcoin wallets too. Without banks we cannot manage many things even bitcoins I started buying bitcoins through banks because most of time I send him payment through my bank and he send me bitcoins without this I cannot by bitcoins |
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SamsungBitcoin
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January 26, 2017, 01:25:01 AM |
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Here in my country some banks accepting bitcoin for payments, cash out and more that is why we do not hesitate to put big amount of money in bitcoin because we can easily get that if we want also much higher interest in bitcoin than banks.
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Botnake
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January 26, 2017, 02:03:54 AM |
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Here in my country some banks accepting bitcoin for payments, cash out and more that is why we do not hesitate to put big amount of money in bitcoin because we can easily get that if we want also much higher interest in bitcoin than banks.
What bank is that? Never heard that before, what I know is bitcoin is not money for them and it's solely dependent on fiat in terms of value. I don't think bank is that foolish not to comply with the laws of the government, in fact, there is no law that says bitcoin will be accepted as bank deposits. |
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Vivace92
Member
 Offline
Activity: 112
Merit: 10
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January 26, 2017, 04:55:41 AM |
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I think not and sure, with the bank receiving the bitcoin then automatically reduces the use of fiat money. no doubt the central bank will not allow it. We all know that bitcoin is still entered the category of illegal so there is no country that permits the wearing of officially.
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hurain
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January 26, 2017, 08:31:25 AM |
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Here in my country some banks accepting bitcoin for payments, cash out and more that is why we do not hesitate to put big amount of money in bitcoin because we can easily get that if we want also much higher interest in bitcoin than banks.
What bank is that? Never heard that before, what I know is bitcoin is not money for them and it's solely dependent on fiat in terms of value. I don't think bank is that foolish not to comply with the laws of the government, in fact, there is no law that says bitcoin will be accepted as bank deposits. i also do not have any idea about such banks where bitcoin is accepted, i think still not a single bank is accepting bitcoin, but we can hope that in future when, the governments will consider bitcoin as legal currency then the banks will also starts accepting bitcoins but currency i do not thing that any bank is accepting bitcoin. |
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st0nefish
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January 26, 2017, 08:50:35 AM |
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I think not and sure, with the bank receiving the bitcoin then automatically reduces the use of fiat money. no doubt the central bank will not allow it. We all know that bitcoin is still entered the category of illegal so there is no country that permits the wearing of officially.
The banks do not have to accept it anyway. I control my own money on the bitcoin system myself. There is no need for a third party to have information about my money amount. But for me in the future the banks will accept bitcoin. People may prefer to keep their money in the bank, thinking it will be safer. |
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babsalt1975
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January 26, 2017, 09:08:25 AM |
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Here in my country some banks accepting bitcoin for payments, cash out and more that is why we do not hesitate to put big amount of money in bitcoin because we can easily get that if we want also much higher interest in bitcoin than banks.
I would like to know which is this that has legalized bitcoin and allowed banks to transact in bitcoin. I have done enough research but I have never come across such. Most of the governments are now putting in place mechanisms that would allow bitcoin to be used as legal tender in their countries. Also, there is confusion as to whether bitcoin should be treated as commodities or currency. |
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barnes13
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January 26, 2017, 09:19:57 AM |
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As my knowledge in my country no one bank accept Bitcoin in their transaction, just a several local exchange accept local currency for deposit and provide bank local to withdrawal the money, i don't know this is can say Bank accept Bitcoin or not, my country untill now never say something to legalize Bitcoin.
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HarringtonStark
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January 26, 2017, 10:49:45 AM |
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No but your bitcoin wallet is your own bitcoin bank. Just exchange bitcoins to fiat currency and deposit them into a bank. Be your own bank! I consider my bitcoin wallet as a bank. What I love about bitcoins is that they are not taxed unlike fiat currencies in banks. I just had 1 million fiat currency and I am converting half of it into bitcoins which I separate and put into different trusted bitcoin wallets for safety.
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Text
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January 26, 2017, 11:52:23 AM |
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Here in our country, I guess like nothing else; all we can do is to convert our bitcoins in fiat money, even if not, when we cash out it is automatically converted and withdraw from a bank. So there is still no bank that accepts bitcoin for making a deposit in our place.
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Vikash kumar
Member
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Activity: 91
Merit: 10
★777Coin.com★ Fun BTC Casino!
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January 31, 2017, 01:02:21 AM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
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stadus
Legendary
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Activity: 3094
Merit: 1292
Hhampuz for Campaign management
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January 31, 2017, 02:40:36 AM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
The definition of bitcoin is not income, it considered as an asset or currency for some people. Bank will not accept bitcoin because it is not money and has not value if not back with fiat. True that bitcoin is popular but not popular as money but as a payment processor or investment for online only. |
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soul-impact
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January 31, 2017, 02:38:12 PM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
The definition of bitcoin is not income, it considered as an asset or currency for some people. Bank will not accept bitcoin because it is not money and has not value if not back with fiat. True that bitcoin is popular but not popular as money but as a payment processor or investment for online only. MOney is only a tool which is recognized mostly by the people and created by the Government. However, one day, if everyone turns their back on the government and uses Bitcoin, Fiat money will die. And therefore, I believe that Bitcoin is really a kind of currency which is not yet accepted widely but in the future, more people will accept it because it againsts the centralized system |
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Blitzboy
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January 31, 2017, 03:23:28 PM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
"An alternative way of income"?? From my perspective and maybe many other people's too, I don't suppose bitcoin an income. It's just simply a currency which is created based on the Internet. Unless you buy a bunch of bitcoin and wait for its price to rise, bitcoin itself won't bring you income, bitcoin-related jobs will. And because of its anonymous nature, the government can't trace it, not because it was hidden. |
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Zz
Legendary
Offline
Activity: 1820
Merit: 1077
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January 31, 2017, 06:33:21 PM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
On the contrary, many governments will want to tax the cryptocurrency winners "An alternative way of income"?? From my perspective and maybe many other people's too, I don't suppose bitcoin an income. It's just simply a currency which is created based on the Internet. Unless you buy a bunch of bitcoin and wait for its price to rise, bitcoin itself won't bring you income, bitcoin-related jobs will. And because of its anonymous nature, the government can't trace it, not because it was hidden.
The block chain structure is open to everyone. Therefore, if you have the necessary software developer, you can monitor the process. |
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Theb
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February 01, 2017, 11:13:33 AM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
The definition of bitcoin is not income, it considered as an asset or currency for some people. Bank will not accept bitcoin because it is not money and has not value if not back with fiat. True that bitcoin is popular but not popular as money but as a payment processor or investment for online only. MOney is only a tool which is recognized mostly by the people and created by the Government. However, one day, if everyone turns their back on the government and uses Bitcoin, Fiat money will die. And therefore, I believe that Bitcoin is really a kind of currency which is not yet accepted widely but in the future, more people will accept it because it againsts the centralized system Banks won't accept Bitcoin. Simply because they are not allowed by the government to accept other currencies besides their own local fiat money or sometimes the US dollar. Other than that will be considered illegal by the government in which will give the bank a lot of trouble. It is more on the legality of Bitcoin to know if it can be accepted generally. |
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MMA
Legendary
Offline
Activity: 1134
Merit: 1000
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February 01, 2017, 01:03:11 PM |
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I think any bank will not be accept bitcoin because it is an alternating way of income which is hidden from Government.
The definition of bitcoin is not income, it considered as an asset or currency for some people. Bank will not accept bitcoin because it is not money and has not value if not back with fiat. True that bitcoin is popular but not popular as money but as a payment processor or investment for online only. MOney is only a tool which is recognized mostly by the people and created by the Government. However, one day, if everyone turns their back on the government and uses Bitcoin, Fiat money will die. And therefore, I believe that Bitcoin is really a kind of currency which is not yet accepted widely but in the future, more people will accept it because it againsts the centralized system Banks won't accept Bitcoin. Simply because they are not allowed by the government to accept other currencies besides their own local fiat money or sometimes the US dollar. Other than that will be considered illegal by the government in which will give the bank a lot of trouble. It is more on the legality of Bitcoin to know if it can be accepted generally. agree with you banks may not be accepting bitcoin because government have not yet accept bitcoin as legal currency,they will allow the transaction of bitcoin or allow do deposit when banks will turn bitcoin as legal currency, but then banks will also create online wallet for depositing bitcoin, because bitcoin is virtual currency and banks still do not have any system to keep bitcoin. |
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ASHLIUSZ
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February 01, 2017, 01:12:28 PM |
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Bitcoins were not accepted by banks, but banks are moving forward with the blockchain technology. As a part today bitcoin's technology was used by one of the largest bank of Abu Dhabi, named NBAD for the cross border transactions. On a speech it is expressed that it gives convenience and flexibility to the customers.
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Dudeperfect
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February 01, 2017, 02:01:30 PM |
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I am not sure if this is something for what you are looking for but I found a piece of article claiming that Global Digital Bank WB21 Starts Accepting Bitcoin Deposits. Some banks in India are working on blockchain technology to make their transactions faster but it is not related to bitcoin yet and even I didn't read any such news about it. |
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