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Author Topic: Does any bank accept Bitcoin?  (Read 73806 times)
elie_s
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January 15, 2018, 07:48:05 PM
 #1761

Bank are the one who are against bitcoin becoz it eliminate their roles as a third party between the buyer and the receptive
So no bank will accept bitcoin at least for the time being

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imdabest239
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January 15, 2018, 07:49:28 PM
 #1762

No, why would banks start accepting bitcoin? it just makes no sense, and that will never happen.
Maybe in some time, they can just start to consider about creating their own crypto or just trying to use ripple, but not for now.

websoftwareengineer
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January 15, 2018, 07:50:35 PM
 #1763

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.

There are some banks in other country who are accepting bitcoins but some of the country is also banning bitcoins because it really affects their economy and most of the banks hit cryptocurrency due to people who are investing even more on bitcoins rather than on placing their money on banks.

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lukmankhan25
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January 15, 2018, 07:51:01 PM
 #1764

I think no bank wants to store bitcoin directly, because it's very risky with them. due to the fluctuating bitcoin price
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January 15, 2018, 08:14:04 PM
 #1765

From what I've checked and asked around on forums, even off-shore banking accounts do not directly allow direct bitcoin transactions.
Wolf of Btrex
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January 15, 2018, 08:16:05 PM
 #1766

Bitcoins were not accepted by banks, but banks are moving forward with the blockchain technology. As a part today bitcoin's technology was used by one of the largest bank of Abu Dhabi, named NBAD for the cross border transactions. On a speech it is expressed that it gives convenience and flexibility to the customers.
cryptojoe
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January 15, 2018, 08:17:31 PM
 #1767

Without banks we cannot manage many things even bitcoins.
yoyolife121
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January 15, 2018, 08:17:46 PM
 #1768

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.
um mm idon't think so Huh
jonathanrobert1
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January 15, 2018, 08:20:23 PM
 #1769

Most of the banks are usually under the regulations and rules given by the government so until the "big boys" will create a policy toward regulation of bitcoin I don't think banks will accept bitcoin. This is the situation from my country at least.
cryptoquality
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January 15, 2018, 09:23:16 PM
 #1770

From what I've checked and asked around on forums, even off-shore banking accounts do not directly allow direct bitcoin transactions.

Of course they don't allow. I've just read citibank's crypto currencies report and summary; they think btc will die. I didn't get surprised. as the banks are managed by centralization, blockchain is their biggest fear at the moment.
Wolf of Btrex
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January 15, 2018, 09:55:18 PM
 #1771

How will bank even accepts bitcoin or else Op will any other definition more than the traditional bank that I know of. But if we have physical bitcoins now, then I will see the effectiveness or reason for a bank in bitcoin but no thats not what we have. And now all wallets literally serve as a bank where one can keep its own bitcoin and so I dont see where banks come in and I dont know any where banks accept bitcoin...
bigeus
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January 15, 2018, 11:21:06 PM
 #1772

At the moment there's no any banks accepting Bitcoin. In Switzerland the central bank is planning to accept BTC as far as I know. I doubt any bank will ever do that unless they'll create their own cryptocurrency that will become a competitor for BTC.
gwaposakon
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January 15, 2018, 11:25:55 PM
 #1773

as far as i know , i dont know what bank does accepting bitcoin, but for me , maybe after  few years some banks are going or gonna be accepting bitcoin.
mr_enoc
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January 15, 2018, 11:45:16 PM
 #1774

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 know if there are banks or any financial institution that already accept bitcoin. I am not yet aware of that,  not even use btc in the supermarket to buy some goods.

PANK21
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January 15, 2018, 11:52:44 PM
 #1775

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.
Based on what ive read in the social media there is no guaranteed bank that are accepting bitcoin at the moment but i think its not impossible that banks will have accept bitcoin someday.

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codpku
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January 16, 2018, 12:08:25 AM
 #1776

For now there's no bank accept bitcoin in my country but we never know, someday maybe bank will accept it
The bank doesn't want to take a risk because the price of bitcoin very fluctuative
We hope someday theres rules from government that make us feel save that we can keep our bitcoin in bank not only in wallet that can be hack

reda
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January 16, 2018, 12:17:12 AM
 #1777

For now there's no bank accept bitcoin in my country but we never know, someday maybe bank will accept it
The bank doesn't want to take a risk because the price of bitcoin very fluctuative
We hope someday theres rules from government that make us feel save that we can keep our bitcoin in bank not only in wallet that can be hack

Yeah it will not accept bitcoin nowadays. But coming future it will accept bitcoin and transaction process it will helpful to you. It easy to chage an transaction process will be increase. It will connect the people and share more information. Bitcoin is good opportunity for the future growth and get more information. But Banking process chage the process and rules. It will not good to for the bitcoin and people will be try to chage banking process put rules. So it will affects the bitcoin users.
ross09
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January 16, 2018, 12:46:19 AM
 #1778

No very certain that does not exists. No money to me made for the banks with Bitcoin, they hate it Smiley

I think they will never ever accept bitcoin in any bank of any country ..because they both strong competitors of each other....but let see what will going to happen in the future because for me,, Bank and Bitcoin are both business each of them will going to have their own strategy to strengthen their own power and capability to prolong their businesses but ofcourse they will going to think what is better for their valued customer..we'll never know they may be merged in the future.. just maybe..lets all wait what will going to happen.
Thecryptocurrency09
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January 16, 2018, 12:50:47 AM
 #1779

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.

Bitcoin really has the same essence of money, so does how you'll gonna handle it. And for your question, there's definitely. Of course they also want to get into for a change which made some banks to come up with the idea of patronising bitcoin. By just searching on the Internet, you'll see available banks at an specific area.
cposeidon
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January 16, 2018, 12:59:01 AM
 #1780

In my country few banks are starting to accept payment through bitcoin.
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