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Author Topic: Does any bank accept Bitcoin?  (Read 73775 times)
NEWGOODOUBLE
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February 06, 2017, 01:39:03 AM
 #501

i think no one bank accepting bitcoin because bitcoin is just a digital currency and we know that bank just accepting fiat currency but i hope bank will be  accepting bitcoin in the future when our government adopt bitcoin then its possible.
for now there are no banks that accept bitcoin. because the banks are generally under the control of the government. so the government would have been very forbade banks to adopt a bitcoin, because it would be risky for the currency in each country
supto005
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February 06, 2017, 03:45:12 AM
 #502

I don't think so. Huh
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February 06, 2017, 04:36:16 AM
 #503

Canada's Nova Scottia bank has started to accept bitcoin, at the same Canada have been into the digitalization and make their country the financial centre for fintech services. South Korean government is on plan of their own digital coin termed as BOSCoin. This confirms the use of bitcoin and digital currency in the coming years.
are you sure ?
this is good think for heard this is mean that bitcoin can accept and people knew about bitcoin..

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mkmdoc
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February 06, 2017, 04:53:40 AM
 #504

Canada's Nova Scottia bank has started to accept bitcoin, at the same Canada have been into the digitalization and make their country the financial centre for fintech services. South Korean government is on plan of their own digital coin termed as BOSCoin. This confirms the use of bitcoin and digital currency in the coming years.

Canada is one of biggest country, very good to know their banks are accepting bitcoin and been digitization. It seems that many countries will start accepting bitcoin, this will boost lot of people still who don't have belief on bitcoin. This make more comfortable in coming days bitcoin will become on of the best digital currency in the world.


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February 13, 2017, 11:06:50 AM
 #505

as we know that no any bank will be accept bit coin .if we have bit coin then only we can exchange with bit coin traders whereas bit coin can buy with real money .i hope  it maybe possible in future if our government accept bit  coin.

BitHodler
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February 13, 2017, 11:15:44 AM
 #506

as we know that no any bank will be accept bit coin .if we have bit coin then only we can exchange with bit coin traders whereas bit coin can buy with real money .i hope  it maybe possible in future if our government accept bit  coin.
It makes no sense for governments to incorporate Bitcoin in their system. What I however can see become reality is that governments and banks incorporate the blockchain as technology.

If they somehow manage to develop a blockchain that even offers more than Bitcoin's blockchain, then it will significantly reduce internal costs and save them plenty of time.

Benefit for the end user will be that these internal savings from the banks will be translated to lower service costs for customers, and potentially much faster money transfers.

BSV is not the real Bcash. Bcash is the real Bcash.
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February 13, 2017, 11:35:10 AM
 #507

as we know that no any bank will be accept bit coin .if we have bit coin then only we can exchange with bit coin traders whereas bit coin can buy with real money .i hope  it maybe possible in future if our government accept bit  coin.
It makes no sense for governments to incorporate Bitcoin in their system. What I however can see become reality is that governments and banks incorporate the blockchain as technology.

If they somehow manage to develop a blockchain that even offers more than Bitcoin's blockchain, then it will significantly reduce internal costs and save them plenty of time.

Benefit for the end user will be that these internal savings from the banks will be translated to lower service costs for customers, and potentially much faster money transfers.

You know, the Blockchain technology is so genius that it makes me wonder if Satoshi Nakamoto wasn't actually a government from one country, like China for example.. I mean it is too great to be created by a single man. I hope it's not a government behind it because then it means we are hoping for something fake (anonymity).
Babayega31
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February 13, 2017, 11:41:38 AM
 #508

I don't hear any banks in my country directly accepts direct bitcoin, but actually accepts cash out of fiat cash converted from exchanged bitcoin from online wallet which has an option to cash out through bank in place. The transaction is very fast and secure, no card is used at atm machines and you only have transaction number and pass code for your withdrawal.

tabas
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February 13, 2017, 12:20:57 PM
 #509

I think there is no bank in the world that accept bitcoin, and very foolish to give others to control it if we can control it yourself.

There are banks that are willing to accept and use bitcoin in their relation of their services. And they are not foolish upon doing it because it is just another way of adopting the technology because there are people who are ready to use bitcoin that way and that is going to be a big help for us. But as of now, they are still studying with adopting it.

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February 13, 2017, 12:29:54 PM
 #510

Canada's Nova Scottia bank has started to accept bitcoin, at the same Canada have been into the digitalization and make their country the financial centre for fintech services. South Korean government is on plan of their own digital coin termed as BOSCoin. This confirms the use of bitcoin and digital currency in the coming years.

This is just a start for bitcoin to go towards mainstream. Hope other banks will also start to accept bitcoins. The only thing I am curious about is how they integrate bitcoin into their system. What are the possible impacts on this bank brought by bitcoins? What are the advantages and disadvantages and on what conditions is the Canadian bank lay down when they start accepting bitcoins? These are just a few questions that I want to research.
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February 13, 2017, 12:45:19 PM
 #511

Canada's Nova Scottia bank has started to accept bitcoin, at the same Canada have been into the digitalization and make their country the financial centre for fintech services. South Korean government is on plan of their own digital coin termed as BOSCoin. This confirms the use of bitcoin and digital currency in the coming years.

Wow this is a great news, I love Canada and next year I will be moving to Newfoundland and Labrador with my family and that's a few miles north of Nova scotia so we are not going to be left out of the party. We will also explore the opportunities and ways the bank of Nova Scotia is going to employ to make Bitcoin better.
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February 13, 2017, 01:37:06 PM
 #512

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.
In my country our web wallets are partnered with banks where if we wanted to sell our money to them they instantly deposit our money in banks it took only 8 hours or we can choose another banks there are banks that instant. Where we can cashout our money within 5minutes Smiley
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February 13, 2017, 01:55:22 PM
 #513

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.
In my country our web wallets are partnered with banks where if we wanted to sell our money to them they instantly deposit our money in banks it took only 8 hours or we can choose another banks there are banks that instant. Where we can cashout our money within 5minutes Smiley

Similarly, my country. Here we also have local exchanger that allows us to trade bitcoin or some altcoin. In the exchanger we can quickly and easily to deposit or withdraw to your bank account. Although there is no bank that accepts bitcoin as the crow flies, it is fairly easy for us in managing the finances of bitcoin became fiat then goes into a bank account. Thank you
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February 13, 2017, 02:29:05 PM
 #514

i think no one bank accepting bitcoin because bitcoin is just a digital currency and we know that bank just accepting fiat currency but i hope bank will be  accepting bitcoin in the future when our government adopt bitcoin then its possible.
I hope so as well, but believing that our gvt will adopt bitcoin is very hard, I don't think govt really care about these things.. because they cannot control bitcoin so they probably give priority to their own currency instead of an strange currency such as bitcoin..

the other thing is we really do not need any bank. bitcoin it self a bank.
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February 13, 2017, 08:16:58 PM
 #515

I think there is no bank in the world that accept bitcoin, and very foolish to give others to control it if we can control it yourself.
i agree with you bank not accepting bitcoin because bitcoin is unique currency which we can control it yourself and i feel secure my money when i keep my bitcoin in my wallet.
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February 13, 2017, 08:46:31 PM
 #516

I think there is no bank in the world that accept bitcoin, and very foolish to give others to control it if we can control it yourself.
i agree with you bank not accepting bitcoin because bitcoin is unique currency which we can control it yourself and i feel secure my money when i keep my bitcoin in my wallet.
bitcoin is really a unique currency and bitcoin is in our control we can keep it in any wallet and we can send bitcoin to anywhere in any amount and bitcoin transaction is too much faster than bank.
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February 14, 2017, 07:58:42 PM
 #517

What you mean is an investment. Yes you can. There altcoins and casinoes you csn invest in. Even real estate or art, anything you can buy with bitcoin can become an investment. Its up to you to find where your bitcoin is best used. Remember just holding them in your wallet counts as an investment.

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February 14, 2017, 09:17:09 PM
 #518

I think there is no bank in the world that accept bitcoin, and very foolish to give others to control it if we can control it yourself.
i agree with you bank not accepting bitcoin because bitcoin is unique currency which we can control it yourself and i feel secure my money when i keep my bitcoin in my wallet.
this is what bitcoin made for. giving bitcoin to a banks to store or giving control of your bitcoin to the bank make no sense. there won't be any big difference between bitcoin and fiat money after that.
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February 14, 2017, 09:21:14 PM
 #519

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.

Most bank they thought Bitcoin is a kind of competitor to them, so for now none of the banks in the whole are accepting it, but in the I believe bank will join the ride in bitcoin they saw the people are shifting into the concepts of bitcoin in this industry.

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February 19, 2017, 11:42:34 PM
 #520

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.

Most bank they thought Bitcoin is a kind of competitor to them, so for now none of the banks in the whole are accepting it, but in the I believe bank will join the ride in bitcoin they saw the people are shifting into the concepts of bitcoin in this industry.
LOL, your statement that said bitcoin is a competitor for bank is pure your opinion. There's no such thing stated officially by the bank if I recall, may you show your proof regarding this matter? I guess no
bank even accepting the money which comes from cryptoworld.
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