TimeManLove
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April 18, 2017, 08:10:33 AM |
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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.
Banks are ready to accept the blockchain system, but they do not want to take bitcoins. This is not very fair. After all, if banks start taking bitcoin, then it will become much more convenient to use. |
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Rajadurai
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April 18, 2017, 08:22:53 AM |
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In India, banks not accepting the bitcoin . because,bitcoin transactions are differ from normal banking. so,banks not accept bitcoins.
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SimmonenY
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April 18, 2017, 08:58:10 AM |
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Maybe some small non-governmental banks can adopt bitcoin. But banks depend on government and they need some sort of stability of crrencies and legal basis which bitcoin doesn't have. So they will have to embrace bitcoin to their own risk.
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Farcoin12
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April 18, 2017, 09:09:18 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.
I am pretty sure that there are no banks in my country that accept Bitcoin. Maybe 1 day they will accept Bitcoin, but I don't think there are any now. |
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just_Alice
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April 18, 2017, 09:31:52 AM |
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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.
Some banks are already accepting bitcoin and I'm sure there will be more of them in the future. I personally don't think there is a kind of conspiracy against bitcoin. People who run banks are businessmen in the first place, so when they see something is profitable for their business they accept it. |
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fullypak
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Merit: 1005
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April 18, 2017, 10:40:30 AM |
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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.
Some banks are already accepting bitcoin and I'm sure there will be more of them in the future. I personally don't think there is a kind of conspiracy against bitcoin. People who run banks are businessmen in the first place, so when they see something is profitable for their business they accept it. I don't know which banks and where Bitcoin is accepted. In my country banks are not accepting Bitcoin. I heard that Japan allowed Bitcoin is a legal currency and their people can do business with Bitcoin. So I think in Japan banks may be started to accept Bitcoin. I am not sure it's just my opinion. Becasue the govt is already accepted BTC means Banks also accept right. |
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doomloop
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April 18, 2017, 11:01:32 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.
I am pretty sure that there are no banks in my country that accept Bitcoin. Maybe 1 day they will accept Bitcoin, but I don't think there are any now. well in my knowledge i don't think that there is any bank/financial institution who accept bitcoin directly as fiat , they just exchange bitcoin into fiat. i think it would happen in future. |
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mi$fit
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April 18, 2017, 11:57:02 AM |
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Among the thousands of banks around the world, certainly some of them already provide this possibility, but the point is that this kills the purpose of the coin.
In addition to relying on third parties to gain access to your coins, you would have to pay much higher fees compared to normal use of the currency.
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soul-impact
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April 18, 2017, 12:02:10 PM |
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Among the thousands of banks around the world, certainly some of them already provide this possibility, but the point is that this kills the purpose of the coin.
In addition to relying on third parties to gain access to your coins, you would have to pay much higher fees compared to normal use of the currency.
Objectively, there are very few banks that accept bitcoin, most free bitcoins in countries, and bitcoin-accepting banks exist only in countries that have legalized bitcoins. Because banks work for the government, they only accept bitcoins when that country see bitcoin as part of the economy. |
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Kasabus
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April 18, 2017, 12:22:12 PM |
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Among the thousands of banks around the world, certainly some of them already provide this possibility, but the point is that this kills the purpose of the coin.
In addition to relying on third parties to gain access to your coins, you would have to pay much higher fees compared to normal use of the currency.
Objectively, there are very few banks that accept bitcoin, most free bitcoins in countries, and bitcoin-accepting banks exist only in countries that have legalized bitcoins. Because banks work for the government, they only accept bitcoins when that country see bitcoin as part of the economy. Banks does not work for the government, they are categorized into private and public banks although the central bank are controlled by the government. I heard some banks are accepting bitcoins but I do not know what banks are particularly, can you give me some names? |
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Creepings
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April 18, 2017, 12:28:35 PM |
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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
There are banks that accept bitcoin, though not accept literally that they have ATM achines to withdraw bitcoin, I mean they just accept bitcoin to be converted into money and store the fiat in the banks. The Banko Central of Philippines accept it like that as far as I know. |
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wxa7115
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April 18, 2017, 09:02:57 PM |
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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. I don’t think things are that easy the fact a payment method becomes accepted does not mean that a bank needs to adopt it, they may choose not to do it, with lame excuses like saying that criminals use bitcoin and that they refuse to accept it or something like that. |
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BitSat
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April 18, 2017, 09:40:58 PM |
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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. I don’t think things are that easy the fact a payment method becomes accepted does not mean that a bank needs to adopt it, they may choose not to do it, with lame excuses like saying that criminals use bitcoin and that they refuse to accept it or something like that. You are right its very tough for them to recognize this its need some hard work and legislation because without this they are not going to accept this with very simple and straight forward reply we have no information about users and its very easy helpful for terrorists or criminal |
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Potato Chips
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April 18, 2017, 10:58:26 PM |
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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. I don’t think things are that easy the fact a payment method becomes accepted does not mean that a bank needs to adopt it, they may choose not to do it, with lame excuses like saying that criminals use bitcoin and that they refuse to accept it or something like that. Japan accepting bitcoin is just a start. all speculators and researchers will be watching bitcoin closely. if by any chance its unable to meet their desired results. it can always fluke. since this is just starting point. the changes are still not that huge but hopefully as it go on and proved to be successful we can actually see some changes. read the report of nomura research institute. it says bank acts and other laws may needed to be changed if we want to adopt this technology |
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HEWRA
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April 18, 2017, 11:33:42 PM |
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Im sure that there are no banks which actually accept btc as a way to deposit money to bank account
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rhamzter
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April 19, 2017, 01:00:49 AM |
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No, not all banks accept bitcoin as money, some banks required to converted first the bitcoin into cash before they accept it. In additional maybe also it depends to the country, if the bitcoin is legal as currency why cannot accept it by the banks.
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TastyChillySauce00
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Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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April 19, 2017, 01:03:56 AM |
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Im sure that there are no banks which actually accept btc as a way to deposit money to bank account
There are many, if you're reading the whole topic or at least few last pages you will see people are mentioning the banks which accept the deposit through bitcoin (I mean, you send bitcoin and they will convert it). It's pretty good for bitcoin users as they're able to convert their money to local fiat with ease. |
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Rinder
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April 19, 2017, 01:05:06 AM |
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No banks doesnt support bitcoin, if they find you are using them to trade or invest over crypto they will find a way to frozen your funds or close your account or terminate it, soo no banks are part of bitcoin support, they like the blockchain technology but not interested into bitcoin.
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Faye16
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April 19, 2017, 01:22:51 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.
Yes, it has. Many financial institutions accept the bitcoin as their source of income. They will embrace the capability of bitcoin. They believe the power of bitcoin, we believe rather. The bitcoin will become more popular and the demand will increase also. You can deposit your money there but not all your money. Just spare a little bit for yourself. It is better to have cash on hand or have a fiat. |
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Kasabus
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April 19, 2017, 05:53:54 AM |
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No banks doesnt support bitcoin, if they find you are using them to trade or invest over crypto they will find a way to frozen your funds or close your account or terminate it, soo no banks are part of bitcoin support, they like the blockchain technology but not interested into bitcoin.
Banks does not automatically accept bitcoin without the guidelines to follow, it should be the government to draft a complete guidelines before the bank will accept bitcoin. Also, I doubt they will because it is not a currency, it is just a payment system which will rely on fiat alone. |
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