Does any bank accept Bitcoin?

[upsidedown75]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

I don’t think so. I don’t know what your sources are telling you but if those banks are accepting bitcoin deposits they are out of their mind. The whole reason people use bitcoin is because they don’t have to attach their physical location, age, name, etc to their account. That would be what you would have to do with a bank. I think either you friend didn’t know what he was talking about or just misheard.

[ekoice]

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.

No bank would accept directly bitcoins.Mostly,they consider bitcoin as their rival.Golden Digital bank WB2 has started accepting bitcoins.In future,most banks would come to accept bitcoins due to market pressure.

[DiceVSDice.com]

At this time, There is no bank in the globe that accepting BTC, But I guess they will in the next few years.
The market of the btc going higher and higher..

[TastyChillySauce00]

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.

No bank would accept directly bitcoins.Mostly,they consider bitcoin as their rival.Golden Digital bank WB2 has started accepting bitcoins.In future,most banks would come to accept bitcoins due to market pressure.

Instead of recognising bitcoin as a rival, they could just add bitcoin into their services and work with it in order to gain more profit. I know that the decentralisation which bitcoin have is really against what bank is, but, if bank only there for giving a facility to exchange bitcoin into fiat instantly I think it'll be fine. But, at the end, it's matter about the time.

[wxa7115]

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.

No bank would accept directly bitcoins.Mostly,they consider bitcoin as their rival.Golden Digital bank WB2 has started accepting bitcoins.In future,most banks would come to accept bitcoins due to market pressure.

Instead of recognising bitcoin as a rival, they could just add bitcoin into their services and work with it in order to gain more profit. I know that the decentralisation which bitcoin have is really against what bank is, but, if bank only there for giving a facility to exchange bitcoin into fiat instantly I think it'll be fine. But, at the end, it's matter about the time.

This is probably easier said than done, bitcoin is the first real threat to the bank mafia in hundreds of years it is very obvious to me they are not going to welcome the newcomer with open arms and try integrate him, they are going to try to destroy bitcoin.

[lovesybitz]

I highly doubt there would be a bank for bitcoins because the whole point of btc is for it to be anonymous and that bank will totally destroy that ideal.

Indeed,  you are right! All banks are centralized or regulated industry while bitcoin is not centralized. although bitcoin for some other banks butcoin for them is a threat to their business. But the reality is not, instead bitcoin is very open type of source to any business.

[doomloop]

At this time, There is no bank in the globe that accepting BTC, But I guess they will in the next few years.
The market of the btc going higher and higher..

yeah no one bank accepting bitcoin because bitcoin is just a digital currency.

[fancy_pants]

I highly doubt there would be a bank for bitcoins because the whole point of btc is for it to be anonymous and that bank will totally destroy that ideal.

Indeed,  you are right! All banks are centralized or regulated industry while bitcoin is not centralized. although bitcoin for some other banks butcoin for them is a threat to their business. But the reality is not, instead bitcoin is very open type of source to any business.

I don't think there is any bank at a moment that is accepting bitcoins and even I don't see it happening even in future as bitcoin is a competitor to the banks so I don't think that banks will ever stand in support of bitcoins or will start accepting it.

[DoublerHunter]

I highly doubt there would be a bank for bitcoins because the whole point of btc is for it to be anonymous and that bank will totally destroy that ideal.

Indeed,  you are right! All banks are centralized or regulated industry while bitcoin is not centralized. although bitcoin for some other banks butcoin for them is a threat to their business. But the reality is not, instead bitcoin is very open type of source to any business.

I don't think there is any bank at a moment that is accepting bitcoins and even I don't see it happening even in future as bitcoin is a competitor to the banks so I don't think that banks will ever stand in support of bitcoins or will start accepting it.

To be honest, bitcoins in banks as a payment is possible just like in Japan that they already accepted bitcoin to their country and that means that there is a possibility for bitcoin to be accepted in banks as another type of payment, If a country or government accept bitcoin then its authorities will follow from its decisions.

[lovesybitz]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

Yes I agreed that it will be very hard for the bank to accept bitcoin and I don't believed that there is bank who accept bitcoin as their mode of payment.  But i doubt that there is bank declared bitcoin as their currency payment.

[Xester]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

It is not yet confirmed nor validated that those claims that the banks accepts bitcoin. In my opinion those things will occur many years from now since  at this point of time the financial banking system is not yet ready for bitcoin. Instead they are now studying blockchain technology and the way to integrate bitcoin into their system rather than focusing on bitcoin.

[Kasabus]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

It is not yet confirmed nor validated that those claims that the banks accepts bitcoin. In my opinion those things will occur many years from now since  at this point of time the financial banking system is not yet ready for bitcoin. Instead they are now studying blockchain technology and the way to integrate bitcoin into their system rather than focusing on bitcoin.

That is right, it is easy to integrate in their system but we have to go through the KYC process which most people hate that
is why they are using bitcoin. Me, if there is a bitcoin bank, I am one of those who will not use their services.

[fujyo86]

seems to have no bank is willing to accept bitcoin as an official means of payment transactions,
but perhaps the next few years the banking will be willing to accept bitcoin

[Natalim]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

Yes I agreed that it will be very hard for the bank to accept bitcoin and I don't believed that there is bank who accept bitcoin as their mode of payment.  But i doubt that there is bank declared bitcoin as their currency payment.

It was already declared as payment system but not a legal currency, it's a bridge for faster transaction but still it is subject to the
law of the government and there is no way it will be the same essence as legal currency is.

[msarro]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

Yes I agreed that it will be very hard for the bank to accept bitcoin and I don't believed that there is bank who accept bitcoin as their mode of payment.  But i doubt that there is bank declared bitcoin as their currency payment.

It was already declared as payment system but not a legal currency, it's a bridge for faster transaction but still it is subject to the
law of the government and there is no way it will be the same essence as legal currency is.

Government has not given a legal status to bitcoins at a moment and I doubt that it will ever happen in future as Government will always support their national currency and will not allow bitcoins to hit the mainstream and replace their fiat currency.

[jovs]

In France, Paymium is officially recognized (and you can use it in many European countries).
You can use services that will be "like a bank". Xapo for example will keep your bitcoins and give you a debit card to withdraw and pay in FIAT, that can be considered as a very simple banking service.
You can also "lock" your stash into USD on a service like coinapult, it can be useful for small e-commerce if you don't want to deal with volatility and also don't want to deal with -for example- BitPay.

Yes , the acceptance of bitcoin on bank depends on the country. You should consider the system of the bank in a specific country because we all know that in banking there are rules and regulation that should be follwed. If that thing may be answered i guess the bank would accept bitcoin on no time on specific transaction. Becase there is an opportunity awaits on bitcoin in a near future sure it will be a good investment for them to do.

[paul gatt]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

Yes I agreed that it will be very hard for the bank to accept bitcoin and I don't believed that there is bank who accept bitcoin as their mode of payment.  But i doubt that there is bank declared bitcoin as their currency payment.

It was already declared as payment system but not a legal currency, it's a bridge for faster transaction but still it is subject to the
law of the government and there is no way it will be the same essence as legal currency is.

Government has not given a legal status to bitcoins at a moment and I doubt that it will ever happen in future as Government will always support their national currency and will not allow bitcoins to hit the mainstream and replace their fiat currency.

Only a few countries banned bitcoin, in addition, bitcoin completely free in other countries around the world. It is not controlled by anyone, completely free and completely free from law. Accepting bitcoin is a sure thing to happen in the future, but it depends a lot on how much it affects the economy of a country. If bitcoin causes bad effects, it will surely be eliminated, but what I found is really nice now, bitcoin is enriching for everyone.

[abstractednerve]

I think it would be very difficult for banks to accept bitcoin, because basically, the bank is a government program that is legal. bitcoin does not include transaction or investment instrument that is legal or illegal. but, I think it would be good if there are banks that accept bitcoin, because it will be easy access for users bitcoin, to turn Fiat into a bitcoin.

In my thinking, we all have no clear answers that banks accept bitcoins or not. Because someday ago, my friend told me that in some countries some banks accept bitcoins. But i am not sure it is true or not, also if it is happening than it is good for bitcoin's users.

Yes I agreed that it will be very hard for the bank to accept bitcoin and I don't believed that there is bank who accept bitcoin as their mode of payment.  But i doubt that there is bank declared bitcoin as their currency payment.

It was already declared as payment system but not a legal currency, it's a bridge for faster transaction but still it is subject to the
law of the government and there is no way it will be the same essence as legal currency is.

Government has not given a legal status to bitcoins at a moment and I doubt that it will ever happen in future as Government will always support their national currency and will not allow bitcoins to hit the mainstream and replace their fiat currency.

Only a few countries banned bitcoin, in addition, bitcoin completely free in other countries around the world. It is not controlled by anyone, completely free and completely free from law. Accepting bitcoin is a sure thing to happen in the future, but it depends a lot on how much it affects the economy of a country. If bitcoin causes bad effects, it will surely be eliminated, but what I found is really nice now, bitcoin is enriching for everyone.

We are really lucky that bitcoin is not banned in our countries and we can use it earn it very easily and lets hope that we will find many physical places where we would be able to spend our bitcoins directly to buy anything.

[hankyulpark]

Several FinTech startups are trying to fill this gap, connecting the banking system and blockchain technology (and using BTC itself), acting as a payment method. I don't believe that the banking system will take a step to get closer to provide itself this payment technology. I saw some banks starting to develop things using blockchain, but BTC, noting yet.

[Frank Alister]

I think that none of the banks will accept btc. They control the money, with btc can't do that, and this is something they try to avoid. And if this happens one day , this day will be not far soon.