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Author Topic: Does any bank accept Bitcoin?  (Read 73775 times)
Nakakapagpabagabag
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November 13, 2017, 10:20:28 AM
 #1361

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.

Nope. There is no one bank company accepting bitcoin right now but in the main time there is bitcoin wallet that can put a bitcoin money from it. In other country i think they can proclaim a rule that you can deposit money in the bank so anyone who are trying to be save their money is going to secured by the bank.

mhayandal
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November 13, 2017, 11:45:41 AM
 #1362

I dont think banks adopted the bitcoin because they can't handle decentralize bitcoin,im sure in the future bitcoin have their own banks with no fees and no tax.

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BitBayMarkets
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November 13, 2017, 11:55:25 AM
 #1363

I do not think that any banks does accept bitcoin because bitcoin is made because of the fact that we do not trust banks and i am going to tell you one thing that we still do not trust banks and also bitcoin is accepted through a couple of bitcoin atm's.
DBronze98
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November 13, 2017, 11:57:28 AM
 #1364

No, there is no bank want to accept bitcoin as their alternative. Because holding bitcoin is so risk. The price maybe drop so deep in a minutes, it will make bank suffered losses that are not small.
But if they accept it and it rises they will get huge profits which is something they can take when they take risks.

ankurguta87
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November 13, 2017, 12:00:21 PM
 #1365

Its not possible technically, how can they support BTC or any decentralized crypto.
krky
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November 13, 2017, 12:11:18 PM
 #1366

I doubt that there are banks who will accept Bitcoin, there will be conflict of interest, this is why there are tons of Government and countries who don't approve the use of Bitcoin because of this interest. Other thing is Banks is centralized and Bitcoin is Decentralized.

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MorGan-id
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November 13, 2017, 12:24:47 PM
 #1367

I doubt that there are banks who will accept Bitcoin, there will be conflict of interest, this is why there are tons of Government and countries who don't approve the use of Bitcoin because of this interest. Other thing is Banks is centralized and Bitcoin is Decentralized.

Centralized and decentralized is nothing. If they want, they coul accept enything. But if everyone will use crypto banks will die. There are no needed anymore. All on blockchain  Wink
Altas
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November 13, 2017, 12:27:17 PM
 #1368

Everything is expected to adopt the blockchain technology. I haven't heard if a bank accepting bitcoin into the services provided by the particular bank. In an article relating the banking industry to cryptocurrency came to know about a bank in Austria functioning completely with bitcoin named Nova Scotia.
neolexx
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November 13, 2017, 12:29:40 PM
 #1369

Its not possible technically, how can they support BTC or any decentralized crypto.
I think there is no problem. Like any exchanges works - You send bitcoin to their wallet, and send bitcoins. What problems do you see?

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Adrazan
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November 13, 2017, 12:30:52 PM
 #1370

Bitcoin to banks is number one enemy and how would expect someone to trade with his/her enemy
Ramdev
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November 13, 2017, 12:32:49 PM
 #1371

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.
well seriously in india at this moment bank is not accepting btc in india but there are some apps which direct credit money to your bank so i hope maybe in future we will able to see that banks are accepting bitcoin and that day will be soon Smiley
BitcoinMarketer39
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November 13, 2017, 12:36:18 PM
 #1372

Here in the philippines, There is nothing yet but it was a good concept if they will accept bitcoins because it was secured and more reliable. Not like on other wallets that is made by unreliable sources from the internet.

william8829
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November 13, 2017, 12:39:16 PM
 #1373

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.

The Biggest Bank/Bitcoin news I have heard of this year was when Goldman Sachs invested 50 million in a Bitcoin startup called Circle Inc.  Its not the only Bank to have interest.  This article has a list of some large finance institutions that have accepted Bitcoin in varying ways.

https://www.coindesk.com/8-banking-giants-bitcoin-blockchain/

Mr.Dick
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November 13, 2017, 12:43:24 PM
 #1374

it would be the next big step for btc if any bank would accept btc as payment value or even would take care of your bticoins likle your dollars (even though I would not trust every bank - keep your btc safe)

MrYan
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November 13, 2017, 12:44:56 PM
 #1375

yea, they usually have a sign thats shows they accept bitcoin
rpg
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November 13, 2017, 12:48:47 PM
 #1376

yea, they usually have a sign thats shows they accept bitcoin

May be you can show me how it looks like? In what country you so bank with BTC sign?
Dannaey
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November 13, 2017, 12:49:54 PM
 #1377

There are no that come to my knowledge that there is bank who accepts Bitcoin. No banks I know that converts cash into Bitcoin. In our country, online wallets are just accepting Bitcoin but not for payment I think. Just for sending , receiving and converting is only applicable. But I think it will happen that bank would accept Bitcoin if the government will legalize Bitcoin, I am sure banks will follow the flow.

mardaed
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November 13, 2017, 01:04:06 PM
 #1378

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.

 Roll Eyes Banks not accepting bitcoin reasons behind Government regulate banks even if they accept most of the transactions deals with bitcoin so it puts them down.
 Wink But we can understand banks do have interest on bitcoin indirectly which means you can use exchanges to send fiat to bank.
 Smiley We can make net banking with few wallets.
 Grin Initiating a sepa transfer voila we can buy bitcoin.
 Shocked Banks not accepting bitcoin because bitcoin is the top competitor for banks.
 Sad There are even few banks which block your account if you are affiliated with bitcoin transactions.
 Grin There are few online electronic banks accept bitcoin, you can withdraw and also deposit like payza and neteller.
 Cool As we keep waiting the spark of bitcoin taking place slowly, at Japan, the only place where bitcoin is accepted by bank is at Tokyo in few stall with a sign board of "accepted here" it is a strong foundation for growing our bitcoin reputation.
phutakami
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November 13, 2017, 01:06:10 PM
 #1379

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 do not think any bank accepts bitcoin as it is threatening the existence of the bank so I do not think there is.
Eraldo Coil
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November 13, 2017, 01:11:08 PM
 #1380

I think there is no bank in the world that accepts any cryptocurrencies. The only thing we can do know is to make a virtual wallet on the internet and convert in real money. But here in my country, we use Coins.ph to convert BTC to Php. And from that, we can withdraw our money from the nearest micro financial institutions.

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