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Author Topic: Does any bank accept Bitcoin?  (Read 73775 times)
niceone
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April 08, 2018, 10:29:05 PM
 #2321

In my country there are no banks that is accepting bitcoin, in my opinion it is impossble to happen that banks accepts bitcoin, bitcoin created by satoshi with a lot of reason but the thing is some of this reason is against what the banks are doing, like being third party in a transaction, etc.

predictors
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April 09, 2018, 09:46:03 PM
 #2322

For now, I don't think so, it would take a long time for one of them to do that, because BTC is very hard to regulate and that's the rule in the banking world in these days, Also embracing BTC will not offer much to BTC users, because wallets already make it very easy to manage your money.
cybersofts
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April 09, 2018, 10:43:28 PM
 #2323

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. I don't think there is a bank anywhere in the world that is accepting cryptocurrency directly. I once read the news saying, UAE government is planning to accept cryptocurrency in their banks but still not implemented. For now, there only new ICOs for cryptobanks that are planning to build banks for cryptocurrency.
Gudhal Untu
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April 09, 2018, 11:48:02 PM
 #2324

This will be difficult because of the high volatile bitcoin, all investors would prefer a small but certainly profit than hundreds of percent per month but also have a chance to drop in a short time.
Ngewex Yuk
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April 09, 2018, 11:56:20 PM
 #2325

This will be difficult because of the high volatile bitcoin, all investors would prefer a small but certainly profit than hundreds of percent per month but also have a chance to drop in a short time.
Yes, many big investors prefer 10% bank interest a year to investing bitcoin, i will do this too, besides, fighting bitcoin banned state policy is certainly risky, if bitcoin is received by bank while bitcoin banned state then this will make business banks said to be illegal.

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sukma2013
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April 10, 2018, 12:45:45 AM
 #2326

for now there is no bank willing to accept bitcoin, because BI appealed that merchants do not accept bitcoin as official payment instrument in Indonesia.
If people experience bitcoin-related losses, BI regulators will not be responsible for this.
talldude
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April 10, 2018, 04:00:12 AM
 #2327

No,  there is non for now accepting bitcoin nor other crypto currency,  because crypto currency is the worst thing that have ever happened to a bank even though they benefit alot from it presently.  Changing the power of money from the banks to the people is a very big treat the the banks because this can cause a collapse in banking activities and will convert banks to crypto house,  hahaha
LigwagGanern
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April 10, 2018, 04:26:23 AM
 #2328

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.


Base on what I saw and read, there is no bank that accept bitcoin. I think that the only bank that will accept bitcoin is the crypto bank (If there is a crypto bank) of course because bitcoin is a crypto, therefore the only thing that can hold it is a thing that is related to a cryptro. And bank don't want accept crypto because they only accept fiat. And they know that crypto is the enemy of fiat, because of many things that can do with the bitcoin that don't have or cannot have a fiat.
saqibmunir
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April 10, 2018, 04:29:27 AM
 #2329

In my country there are no banks that is accepting bitcoin, in my opinion it is impossble to happen that banks accepts bitcoin, bitcoin created by satoshi with a lot of reason but the thing is some of this reason is against what the banks are doing, like being third party in a transaction, etc.

As i am from a pretty developing country so , i dont think any bank accepts already bitcoin and if I'm not wrong people would never store or spend their bitcoin in the bank because the bank will just stole it and the worst thing that can happen is that certain bank could run anytime with your bitcoin, that's why bitcoin users prefer to use the online wallet to store their bitcoin like blockchain and so on.
V1saya
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April 10, 2018, 04:47:14 AM
 #2330

In my country there are no banks that is accepting bitcoin, in my opinion it is impossble to happen that banks accepts bitcoin, bitcoin created by satoshi with a lot of reason but the thing is some of this reason is against what the banks are doing, like being third party in a transaction, etc.

As i am from a pretty developing country so , i dont think any bank accepts already bitcoin and if I'm not wrong people would never store or spend their bitcoin in the bank because the bank will just stole it and the worst thing that can happen is that certain bank could run anytime with your bitcoin, that's why bitcoin users prefer to use the online wallet to store their bitcoin like blockchain and so on.

Wrong. I think some people will start depositing their bitcoins in banks if they are indeed accepting it. Do you have bank accounts? You do know that each bank account is insured in certain amounts right? I am not saying storing bitcoins in banks are better but just stating facts.
cutecute
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April 10, 2018, 04:49:34 AM
 #2331

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 country accepting bitcoin as a payment because in their country bitcoin is legal. In my country all of the bank here are not accepting bitcoin as a payment because they think bitcoin is not legal and they think it is a gambling or scam. I think bank only accepting bitcoin as a payment if our government legalized it.
Shadovka
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April 10, 2018, 04:53:56 AM
 #2332

From what i know i does not think any banks will want to accept bitcoin for now. As crypto is decentralize which is an opposite of banks centralize system and they will see it as competitor till new regulations are out to rectify this centralize and decentralize thing.

Cherrybomb
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April 10, 2018, 05:32:36 AM
 #2333

the bank will just stole it and the worst thing that can happen is that certain bank could run anytime. There is also a bank that does not want bitcoin.
Vetal1908
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April 10, 2018, 05:45:27 AM
 #2334

I do not think that this is possible at the moment. Bitcoin is still too unstable. no bank will deal with it. at least now

Houseman
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April 10, 2018, 05:54:51 AM
 #2335

There isn't any bank that will accept Bitcoin. Bitcoin is not a currency yet, thus if the bank accept, it will be no value for them, i think. But i wonder whether bank in Japan will accept bitcoin or not since Japan recognize bitcoin.

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Izalcomax
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April 10, 2018, 06:02:58 AM
 #2336

Right now i dont think there is any bank will accept Bitcoin, especially in my country.. since our government has banned any transactions using bitcoin  Cry
hataman
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April 10, 2018, 06:12:53 AM
 #2337

I think no bank will accept btc. They are in control of money, with Btc can not do that, and this is something they try to avoid. And if this happens one day, today will not be long.
decano
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April 10, 2018, 04:45:35 PM
 #2338

There is a registry of database in every bank that tells them what kind of money and currency they can only accept, and I'm quite sure that bitcoin is not on that list. Perhaps the reason is bitcoin is just new to the world and the fact that bitcoin has no physical form matters as well.
cryptojaani
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April 10, 2018, 04:50:28 PM
 #2339

In my country there are no banks that is accepting bitcoin, in my opinion it is impossble to happen that banks accepts bitcoin, bitcoin created by satoshi with a lot of reason but the thing is some of this reason is against what the banks are doing, like being third party in a transaction, etc.
As i have read a lot of countries are allowing there banks to deal in cryptocurrency But the national bank in my country, stating that the crypto as other bitcoin is not legal payment tool, even those said to be careful when using it. So in my country do not accept bitcoin for security reasons and to protect their country from money laundering.
Hinugh
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April 11, 2018, 07:27:09 AM
 #2340

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



Maybe not at this moment the bank will accept bitcoin. In future, once bitcoin will known in market even to a  low profile to average person already have knowledge about it,probably bank will consider bitcoin.
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