Dr.Osh
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Sugars.zone | DatingFi - Earn for Posting
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February 27, 2017, 03:48:07 PM |
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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. well, maybe for bitcoin is not legalized, maybe banks will never accept bitcoin. it might make some banks have a poor performance, because it receives something that has not been legalized. but, when the bitcoin has become something that is legal, it is very much a bank will accept it. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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richardsNY
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February 27, 2017, 05:25:37 PM |
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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. well, maybe for bitcoin is not legalized, maybe banks will never accept bitcoin. it might make some banks have a poor performance, because it receives something that has not been legalized. but, when the bitcoin has become something that is legal, it is very much a bank will accept it. Banks have no reason to adopt something that isn't properly usable as full time currency solution. Banks will much rather have their own digital currency created that is linked to every dollar or euro that goes through their system. It will take away all the annoyances people struggle with right now when it comes to using Bitcoin as currency solution. Who doesn't like instant and free transactions that also happen to be insured? |
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audaciousbeing
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February 27, 2017, 06:09:27 PM |
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From here to the other part of the world, I dont think any conventional bank will accept bitcoin as a form of currency because as at now, their infrastructure is not designed for such purpose and if they will adopt bitcoin it will mean a fundamental deviation from what is on ground which cannot be possible without government backing, until then, I guess the only thing they can do is provide support for exchange sites serving as short term banks currently.
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Nathan047
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February 27, 2017, 06:18:17 PM |
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Goldmoney accepts Bitcoin and some Altcoins as a deposit. I know Goldmoney isn't a bank but they're probably about as close as it's going to get.
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I'm starting a technology blog T4CH.top, check it out! |
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Chin Cheng
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February 27, 2017, 06:22:01 PM |
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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.
What are they going to do by creating virtual currency ,they might start using block chain but i do not think any bank will be planning to start their own crypto currency as it is meaningless for them to start one unless they wanted to make some quick money under the direct order of a government. I do have my exchanges that accepts bitcoin and if i want i will transfer it to my bank account if i want to and i do not need banks to handle my bitcoins. |
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Shady
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Activity: 294
Merit: 100
Life is a game, you either play it or get played.
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February 27, 2017, 06:28:54 PM |
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My Xapo wallet offers security as strong as a bank as well as debit cards, but the use I prefer is to link it with Paypal to act as an unofficial bank.
This is the only way to treat it similar to a bank, but not exactly. Every time I withdraw the money its converted to BTC. You'd might be able to do this eventually as I know banks near me have opened up to cryptocurrency technologies.
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voltesbit777
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February 27, 2017, 07:00:14 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.
At the present, there's no bank accepting bitcoin now. Only the merchants that has been scattered in the whole world who accepted bitcoin for the sake of the bitcoin community. If ever there is I think, but I'm not sure in my thought xapo and coinbase was like a bank, because they are centralized and not decentralize. |
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TheGodFather
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February 28, 2017, 05:21:18 AM |
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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.
Not all. But theres actually some of the banks are accepting bitcoin and converting bitcoin into dollar or something else. Because bitcoin is one of the biggest cryptocurrency online, some of the banks now are now accepting bitcoin as a method of payment. Banks are also securing their own security in case bitcoin will fall or change its position. |
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deisik
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English ⬄ Russian Translation Services
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February 28, 2017, 10:10:50 AM
Last edit: February 28, 2017, 10:34:33 AM by deisik |
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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. well, maybe for bitcoin is not legalized, maybe banks will never accept bitcoin. it might make some banks have a poor performance, because it receives something that has not been legalized. but, when the bitcoin has become something that is legal, it is very much a bank will accept it. Banks have no reason to adopt something that isn't properly usable as full time currency solution. Banks will much rather have their own digital currency created that is linked to every dollar or euro that goes through their system. It will take away all the annoyances people struggle with right now when it comes to using Bitcoin as currency solution. Who doesn't like instant and free transactions that also happen to be insured? There are quite a few such "currencies" already They may have fancy names like Yandex.money (which is now under the aegis of Sberbank, Russia's biggest bank) or WebMoney (I don't know much about the latter, though). These are obviously not currencies in their own right (like Bitcoin or any other cryptocurrency) but rather payment systems which are mediating online payments and transfers with a local currency. I've heard about some company (in Canada, if I'm not mistaken) which actually started issuing their own private money tokens but this money was quickly banned by the government and company ruined (if my memory serves me right) |
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OliynyK
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February 28, 2017, 10:50:59 AM |
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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.
Not all. But theres actually some of the banks are accepting bitcoin and converting bitcoin into dollar or something else. Because bitcoin is one of the biggest cryptocurrency online, some of the banks now are now accepting bitcoin as a method of payment. Banks are also securing their own security in case bitcoin will fall or change its position. I didn't know that banks are accepting bitcoin .So it it through their banking system or they have started an exchange to convert the coins. Can you list a few banks that started accepting bitcoin to their accounts. |
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BeGoods
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Merit: 1008
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February 28, 2017, 11:04:50 AM |
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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.
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. yeah because merchants do not need to get permission from the government to adopt or accept bitcoin. while banks controlled by the government. bank would have to pass the approval of the government if it wants to legalize bitcoin |
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Xester
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February 28, 2017, 11:06:05 AM |
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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.
The banks are making ready but they are not taking bitcoin into their system but they are only focused on the blockchain technology since they are also planning to create a digital currency of their own which is centralized. But I believe that if bitcoin will be widely adopted the banks have no choice but to create a scheme wherein bitcoins is included. |
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btcjoin14
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February 28, 2017, 12:04:10 PM |
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Yes, there is a group of Banks that are ready to implement Bitcoins Blockchain to their payment system. If Blockchain supporters really showed interest in the payment structure then there would be more Banks involved because after all it is up to us in reality. Like the old email systems from very long ago or even things like PayPal was very new to the people in Big Corporations. It wasn't until the community showed interest in the technology that the platforms became popular to them.
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Wowcoin
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February 28, 2017, 12:36:57 PM |
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Do you mean directly i think no because many people don't know about it. So we need to deposit it online through my local wallet. But i read it in some articles about bank accept bitcoin. In nigeria news i read it that bitcoin there are so important they some banks accept it.
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emezh10
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February 28, 2017, 12:50:22 PM |
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Directly? In our country we have that and we have an application or bitcoin wallet that is exclusive only in our country and you can cash out your bitcoin directly to your bank or ATM machine because it is supported in that application. although it have a small fee but the function of that application is hassle free because that is instant so many of my country men use that application too. You can pay your bills also there and buy game credits. That is in our country but you can search if you have a application in your country just like us.
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1Referee
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February 28, 2017, 12:58:08 PM |
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Yes, there is a group of Banks that are ready to implement Bitcoins Blockchain to their payment system.
I can't recall having seen/heard that financial institutions are ready to implement Bitcoin's blockchain. Can you link me to an article or so? I do know that financial institutions are investing million in having their own version of the blockchain developed that they might implement at some point. But that obviously will be a centralized blockchain that will make sure these institutions remain in full control, which is no surprise. If it means that the end user will benefit from these developments, then it's a huge step forwards. Lower internal costs will surely get translated to lower overall fees, plus you potentially could enjoy instant transactions worldwide. |
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virusasog
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February 28, 2017, 01:14:38 PM |
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Directly? In our country we have that and we have an application or bitcoin wallet that is exclusive only in our country and you can cash out your bitcoin directly to your bank or ATM machine because it is supported in that application. although it have a small fee but the function of that application is hassle free because that is instant so many of my country men use that application too. You can pay your bills also there and buy game credits. That is in our country but you can search if you have a application in your country just like us.
For this first you need btc debit card for your wallet accordingly. I suggest you to create a wallet in spectrocoin and you can order a debit from the site. They can send the shipment to anywhere in the world. |
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Pattart
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February 28, 2017, 01:28:27 PM |
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Do you mean directly i think no because many people don't know about it. So we need to deposit it online through my local wallet. But i read it in some articles about bank accept bitcoin. In nigeria news i read it that bitcoin there are so important they some banks accept it.
I do not know for sure about the news. but if it really happened. Nigeria will be the first country where their country banks accept bitcoin? I hope it will soon spread to other countries |
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Wintersoldier
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February 28, 2017, 01:33:22 PM |
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Do you mean directly i think no because many people don't know about it. So we need to deposit it online through my local wallet. But i read it in some articles about bank accept bitcoin. In nigeria news i read it that bitcoin there are so important they some banks accept it.
I do not know for sure about the news. but if it really happened. Nigeria will be the first country where their country banks accept bitcoin? I hope it will soon spread to other countries I don't see bitcoin would be acceptee by bank since bank focuses more on fiat money, they would need to change so many things in ther system if they would do that. In my opinion, it's better to use an exchanger that converts bitcoin into fiat money vice versa. Thus, bank wouldn't need to change their systems and the service would be better. |
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LeGaulois
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Top Crypto Casino
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February 28, 2017, 01:36:17 PM |
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MisterTango is Bitcoin friendly but not only. It's from Lithuania and supervised by Bank of Lithuania. I am not sure if it is considered as "bank" like we know it, as they have restricted activity licence No.2. But you can get a bank account with a personnal IBAN Send payments for free like any traditionnal bank account. There is another online bank accepting Bitcoin but I don't remember the name right now
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