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Author Topic: Does any bank accept Bitcoin?  (Read 73772 times)
zafaryaqoob
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March 28, 2018, 10:21:31 AM
 #2161

I don't About any bank who Accept Bitcoin Payment.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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EmJay
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March 28, 2018, 10:27:36 AM
 #2162

it seems that until now there is no bank or financial institution that received bitcoin or altcoin to be deposited in the bank or financial institution. today it is very difficult for digital currencies to be accepted in all countries and everyone because of the very minimal education about crypto and anything else related to digital currency.

Yes, I haven't heard any bank as well that accepting bitcoin or any other cryptocurrency. In my case when I need  to spend or buy something or want to deposit in the bank , I converted my bitcoin into cash so that it is surr that I can transact it , hassle free.
fahad.khan
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March 28, 2018, 10:33:53 AM
 #2163

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 is No proper crypto bank uptill now, but there are many exchanges that offers some of the services that actual banks offer. They offer saving and current accounts in crypto and also percentage profit etc.
There is a guy I was once in contact with, who is determined to open a proper crypto bank providing all the services that a conventional bank offers. He has 350 bitcoins now and trading for some more, an has set a target of 500 BTC than he will start it and will obviously advertise it, then we are going to know a proper crypto bank.
darkangel
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March 28, 2018, 10:44:13 AM
 #2164

i dont think so at least i dont know any of such banks
Big banks are beginning to accept bitcoin. Not just bitcoin other virtual currency types are also accepted. Swisscom announced that, in addition to Bitcoin, the bank will continue to allow customers to trade Ethereum, Bitcoin Cash, Litecoin and Ripple.
leexhin
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March 28, 2018, 10:46:37 AM
 #2165

I think you could use the bank to deposit in bitcoin but I doubt that they support bitcoin or accept it ,
You could also withdraw through the banks ,And there was an issue in my country that some of the people who have some transaction in bitcoin even if it was a long time ago,Their bank accounts was force to be closed.
Mr. Perfect
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March 28, 2018, 11:05:55 AM
 #2166

I  don,t think any conventional bank will accept bitcoin as a form of currency because as it now, their infrastructure is not disigned for such purpose and if they will adopt bitcoin it will mean a fundamental deviation form what is on ground which cannot be possible without government banking, until then, I guess the only think they can do is provide support from exchange sites serving as short time  banks currently.
alroys
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March 28, 2018, 11:17:00 AM
 #2167

I do not think there will be a Bitcoin-accepting Bank, because the government in that country will not allow it, because if Bitcoin is in the Bank then the Bills will lose. and this will damage the economy in the region.
rext
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March 28, 2018, 11:20:39 AM
 #2168

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.
Cryptocurrency is competing with banks, especially the ripple. This is why big banks always try to crush Bitcoins, ripples or other cryptocurrency. Therefore, no bank accepts bitcoin
rapsa2018
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March 28, 2018, 11:33:20 AM
 #2169

any bank accepts bitcoin because the bank is using the users if they release their bitcoin because of the cebuana they will generate their earnings.
kyoshiro0911
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March 28, 2018, 11:43:31 AM
 #2170

No, the Banks doesn't accept bitcoin because bitcoin is difficult be adopted by Banks at least for today
and there is big different at least one different bitcoin decentralized and Banks is centralization,
something that is difficult for be united between bitcoin and fiat currency.  Grin
jokowi
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March 28, 2018, 02:45:51 PM
 #2171

i dont think so at least i dont know any of such banks
Banks now pay attention to bitcoin and virtual currency. European Central Bank President Mario Draghi has publicly stated that European banks may accept Bitcoin following developments such as the Bitcoin contract list in the United States.
heidikarenina
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March 28, 2018, 03:30:20 PM
 #2172

I can't think of any bank accepting Bitcoin because  Bitcoin is their no 1  competitor. Some banks even block your account if you are affiliated with bitcoin..
So be careful. I for one never use bitcoin in the message field when i make a transfer or buy some bitcoin related gear.
Hasitha1001
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March 28, 2018, 03:33:02 PM
 #2173

actually I think more and more parties become more open with bitcoin. little by little progress in the acceptance of bitcoin legally in the United States there are financial institutions that accept bitcoin named Wedbush Securities which are also affiliated with the bank Wedbush. they think technology virtual currency is a good thing.
babala
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March 28, 2018, 03:39:23 PM
 #2174

At current situation today, I never thought that bank will accept bitcoin due to price unstable. Banks will not take the risk of transacting with bitcoin because it will largely affect their transactions. Banks will wait for the time that bitcoin will become stable then that is the time that to have bitcoin transactions.
geegaw
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March 28, 2018, 04:01:39 PM
 #2175

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.
Cryptocurrency is competing with banks, especially the ripple. This is why big banks always try to crush Bitcoins, ripples or other cryptocurrency. Therefore, no bank accepts bitcoin
For everyone, ripple or crypto is just one form of investing, they do not have complete trust in it, to a suitable time, they will also convert into cash  and savings in the bank, so the bank really has no competition or worry about crypto. Even, they are implicitly accepting it when the fees for sending and receiving money around the crypto are too great, bring them a lot of money, although the government does not allow, some governments also forbid bitcoin but the bank is still supporting and accepting it by their way

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Firbolko
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March 28, 2018, 04:22:09 PM
 #2176

No. banks do not accept bitcoin. in our country, the cryptocurrency is not legalized
Michellekking
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March 28, 2018, 04:24:07 PM
 #2177

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.
Cryptocurrency is competing with banks, especially the ripple. This is why big banks always try to crush Bitcoins, ripples or other cryptocurrency. Therefore, no bank accepts bitcoin
I don't think Banks accept bitcoin. The goal of bitcoin is to replace the bank and let the Banks disappear. And bitcoin doesn't have to keep a bank, it just needs to be stored in our own wallet, which is safe.
btcbabhh
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March 28, 2018, 04:30:02 PM
 #2178

I don't know of a bank that embraced bitcoin as of the moment. I know that they are now contemplating of utilizing the blockchain technology to their advantages but they distance their selves to cryptocurrency.
Olega252
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March 28, 2018, 04:49:55 PM
 #2179


If all the banks in the world, or at least the majority around the world took bitcoin, this pushed the price of bitcoin high up, many countries are afraid of manipulation, and go broke on the crypto currency, be patient and you will be happy

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megalith07
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March 28, 2018, 04:52:16 PM
 #2180

For the time being there are no banks that accept Btc on the grounds that the banks are by and large under the control of the government so the government would have been extremely disallowed banks to receive a Btc on the grounds that it would be risky for the money in every country
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