Does any bank accept Bitcoin?

[Ewinsane]

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.

you are right that bitcoin is in our control and i feel more safe when my bitcoin is save in my wallet because bitcoin have a high security than bank and no one can stole my bitcoin from me and a lot of people like the current system of bitcoin because people adopting bitcoin.

[ilovefeetsmell]

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.

Yes, it is. Bitcoins become popular today so other financial institutions accept the bitcoin. Everybody treat the bitcoin as a currency so they decided to accept the bitcoin. Digital Bank WB21 was the first financial institution that accepts the bitcoin. Many banks or financial institution announced that they are accepting the bitcoins. I will give you some example, first one is Citi Bank, secondly is Barclays.

[ilovefeetsmell]

Bank accepts bitcoin is not the news, there is an intermediate machine which is bitcoin teller machine(ATM in bitcoin, aka BTM), so you can transfer money into check, bitcoin, fiat, bank account balance.

It would be better if we have BTM  that we easily withdraw our money into cash. No more hassle on the transaction.

[Gustavv]

until this time i never heard that bank is accept bitcoin i don't think if it will accepted
because bitcoin is only digital money whereas the banks is only use physical money
but i don't know for the future maybe the bank will accept bitcoin, i hope so

[Xenophoto]

until this time i never heard that bank is accept bitcoin i don't think if it will accepted
because bitcoin is only digital money whereas the banks is only use physical money
but i don't know for the future maybe the bank will accept bitcoin, i hope so

The banks use digital money as well. They have digital record of how much do you have and it can be converted later on to physical money. Just take a look at Paypal. There's no physical money involved at all. All of it is just a digital record that can be transferred to and from your debit card.

It would be a lot of work if the banks started using bitcoins because they would have to add another currency and update all of their ATMs. In addition to that, they also need to have a real time bitcoin to fiat conversion.

[AjithBtc]

until this time i never heard that bank is accept bitcoin i don't think if it will accepted
because bitcoin is only digital money whereas the banks is only use physical money
but i don't know for the future maybe the bank will accept bitcoin, i hope so

Till date as quoted banks doesn't accept bitcoin into the financial service sector. Banks might have invested into bitcoin for the future use of the economy. Upcoming generation and things around us will be fully digitized. This  might force banks to accept bitcoin in the future.

[ice098]

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.

I don't think so , maybe you need to convert it to physical money you will have a rebate too. But there are some bank thay accepted it ,but it is rare! you may withdraw it also from your btc wallet and transfer it in bank,you will get a little bit interest but it is secure bro.

[danherbias07]

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.

Yes there is a bank that is accepting bitcoin here in our country(Philippines) but not as a investment to them. They are accepting bitcoin as a payment on every transaction that will make to them. It would take time before a bank will accepts bitcoin as an investment and I think it is not a good idea to invest it in the bank, because there is a possibility that they would just take the advantages of what bitcoin has, I mean bitcoin price is fluctuating, right now, it is fluctuating on good prices, unlike before.

So the investment profit that we could get in the bank is fixed, while, if we are going to hold it, and keep it in our wallet, we could have more profits than we could get in the bank. So, If I were you, I'd rather keep it, hold it, and keep on growing it, until its price goes up on sky again.

Are you talking about Security bank? No, no, no, this should be cleared. It is Coins.ph that is accepting bitcoin not them.
Coins.ph only got an account in Security to which they can give you account numbers for your withdrawal. Same with the payments for electric bills and others. It is them that makes all of it. This should be cleared for that bank is getting all the credits not Coins.ph.

[mornabo]

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.

I don't think so , maybe you need to convert it to physical money you will have a rebate too. But there are some bank thay accepted it ,but it is rare! you may withdraw it also from your btc wallet and transfer it in bank,you will get a little bit interest but it is secure bro.

for now, I think there is no bank that adopt or accept bitcoin. so if you want to buy stuff using bitcoin. you must convert it to fiat use the exchanger
because bank not accepted yet

[DeanShow]

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.

I don't think so , maybe you need to convert it to physical money you will have a rebate too. But there are some bank thay accepted it ,but it is rare! you may withdraw it also from your btc wallet and transfer it in bank,you will get a little bit interest but it is secure bro.

Bitcoin is not an official currency and so no Bank will not accept him. It may be exchanged and acquired only through the Internet service. This situation does not develop bitcoin, but maybe it's for the best. The status of official payment instrument may entail the obligation to pay taxes.

[MWesterweele]

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.

I think there was a some bank that allows its user without atm to withdraw their money in a cardless way. but i think you will hardly find it because some banks has a high security. why don't you try to convert it first in your wallet, or trade it in some person you should trust . It is very hard to find cos banks wants physical money than digital ones.

[positivezero]

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.

I dont think so, maybe there is but i dont actually know what particular bank accepts bitcoins. But for me i would only prefer to keep my bitcoin in my own wallet rather to deposit in the bank. Because i think bitcoin is more secure than any bank to keep or deposit bitcoin or money. And one thing for sure, no banks would accept to deposit bitcoin here in my country.

[bravehearth0319]

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.

So far, I never heard that there is a bank accepting bitcoin. The only thing I know if there's a merchant accepted bitcoin, the merchant can be an open door for the bank to encash our bitcoin into a real currency.

[Edraket31]

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.

So far, I never heard that there is a bank accepting bitcoin. The only thing I know if there's a merchant accepted bitcoin, the merchant can be an open door for the bank to encash our bitcoin into a real currency.

I think there is no bank yet that receives bitcoin or exchange bitcoin at the moment.
But, there are local merchants that receives bitcoin as payment and also there are local remittance that convert it from bitcoin to local currency.

[coynedterm]

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.

So far, I never heard that there is a bank accepting bitcoin. The only thing I know if there's a merchant accepted bitcoin, the merchant can be an open door for the bank to encash our bitcoin into a real currency.

I think there is no bank yet that receives bitcoin or exchange bitcoin at the moment.
But, there are local merchants that receives bitcoin as payment and also there are local remittance that convert it from bitcoin to local currency.

Yeah , No banks yet accepting bitcoin , But I think This will be avalaible soon According to as the popularity gaining by the bitcoin . Here in my country a person planned to make but didn't get any support with bank to make direct relationship with bitcoin to make direct buy/sell .
But still a good thing is that Here I have a option of Zebpay wallet which is buying and selling bitcoin directly and sending money to bank as soon as possible , usually in one to two hours , Which is like a bank system .

[abel1337]

Here in our country we can use this specific type of wallet that it can let us pay bills , buy egame credits , Buy prepaid loads and We can convert our bitcoin into our local currency . The wallet we use let us withdraw our bitcoin in their merchant banks .

The wallet that we use is can only be Fully accesible in our country.

[Harlot]

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.

So far, I never heard that there is a bank accepting bitcoin. The only thing I know if there's a merchant accepted bitcoin, the merchant can be an open door for the bank to encash our bitcoin into a real currency.

I think there is no bank yet that receives bitcoin or exchange bitcoin at the moment.
But, there are local merchants that receives bitcoin as payment and also there are local remittance that convert it from bitcoin to local currency.

Yeah , No banks yet accepting bitcoin , But I think This will be avalaible soon According to as the popularity gaining by the bitcoin . Here in my country a person planned to make but didn't get any support with bank to make direct relationship with bitcoin to make direct buy/sell .
But still a good thing is that Here I have a option of Zebpay wallet which is buying and selling bitcoin directly and sending money to bank as soon as possible , usually in one to two hours , Which is like a bank system .

I don't think so. Banks are looking for a currency that is stable and does not change price often. Banks need it because with this kind of currency they are able to properly forecast the future demands, earnings, and also their plans. Imagine running a bank that has an unstable currency, people won't take that money because they know it is risky to use and they might end up losing the value of it.

[requester]

No banks doesn't deal with bitcoin because bitcoin is still not considered as legal money in our country so till now no banks accept bitcoin. but banks are making themself ready for future with such own currency.

[deisik]

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.

So far, I never heard that there is a bank accepting bitcoin. The only thing I know if there's a merchant accepted bitcoin, the merchant can be an open door for the bank to encash our bitcoin into a real currency.

I think there is no bank yet that receives bitcoin or exchange bitcoin at the moment.
But, there are local merchants that receives bitcoin as payment and also there are local remittance that convert it from bitcoin to local currency.

Yeah , No banks yet accepting bitcoin , But I think This will be avalaible soon According to as the popularity gaining by the bitcoin . Here in my country a person planned to make but didn't get any support with bank to make direct relationship with bitcoin to make direct buy/sell .
But still a good thing is that Here I have a option of Zebpay wallet which is buying and selling bitcoin directly and sending money to bank as soon as possible , usually in one to two hours , Which is like a bank system .

I don't think so. Banks are looking for a currency that is stable and does not change price often. Banks need it because with this kind of currency they are able to properly forecast the future demands, earnings, and also their plans. Imagine running a bank that has an unstable currency, people won't take that money because they know it is risky to use and they might end up losing the value of it.

This is only one aspect of the whole thing

Indeed, hyperinflating currency is not good for anyone including banks since in case of hyperinflation what is being used as money basically stops being money. On the other hand, with a rock-solid currency banks wouldn't be able to earn on volatility. I refer here to currency conversion operations mostly. With rising volatility, bank clients become more interested in such operations, and banks can earn decent profits on currency spreads. These are safe and guaranteed profits since banks hedge their net position in some currency by buying futures and options at currency markets, and thus they render themselves invulnerable to volatility as such (which is what you may think)

[Gameroid]

No banks doesn't deal with bitcoin because bitcoin is still not considered as legal money in our country so till now no banks accept bitcoin. but banks are making themself ready for future with such own currency.

Yes currently they are not dealing in bitcoin but I think in future when the users of bitcoin will increase then I am hopeful that they will start accepting bitcoin and may be they create a separate system for that but currently they are not accepting bitcoin in banks.