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Author Topic: Bitcoin wallet in bank?  (Read 6573 times)
severaldetails
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September 20, 2016, 01:34:31 PM
 #21

I don't see why that should not be possible.
Banks are searching every possible way to earn some extra money. Why shouldn't they use the chance and offer customers a secure way to buy and sell bitcoins?
They already have the details about the persons, so they don't have to collect them extra like other sites.
Earnings could be created by transaction fees.
If customers like that, why not?
Personally I think it would give bitcoin a much more legit image in public opinion and that would help to increase the community.

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September 20, 2016, 01:40:49 PM
 #22

There will always be companies trying to get their piece of the pie but, it will be on the people using BTC to not let the big businesses gain some form of control over the system and technology. It will be interesting to see in the future what the mass population will want done once Bitcoin has gone through mass adoption. There will always be people too lazy to do their own research and take the time to learn about the technology. Plus, mob mentality makes people stupid. Hopefully, it would end up like New York's Bitlicencing where the Bitcoin community shows government and big business that this is something they can't control.
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September 20, 2016, 01:41:20 PM
 #23

i dont understand why people think this wouldnt happen or this would cause bitcoin to not be decentralized....
first, that would a be a simple bank service(open a wallet and manage your funds)... imo that's about to happen, right now banks are trying to resist bitcoin but they will eventually give up and accept it.
second, that wouldnt have nothing to do with bitcoin decentralization. again, it would be a simple bank service to people how doesnt know nothing about bitcoin, computers and security. most investors doesnt even not what is a malware so a service like that is normal and already exist (wallets like xapo do something like, a fisical bank would be even simple).

So, bitcoin is an currency/asset and banks handle currency/asset... do the math.

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September 20, 2016, 01:43:21 PM
 #24

banks have a legal contract to only handle fiat-fiat transactions.
i say this because you cant buy shares directly from an ATM or from the cashiers desk of a bank branch

however, their subsidiaries offer non fiat-fiat services like purchasing shares, stocks, etc.
but still has to involve fiat on one side of the transaction.
EG a bank cannot swap an IBM share directly for an Apple share without routing through fiat in the middle.

so we wont see bank branches offer bitcoin at an ATM or bank branch cashier counter.
we wont see a bank subsidiary being an exchange.

but we could see a bank subsidiary acting as a broker.
but i still think this is something that is meandering away from the purpose of bitcoin and also adding barriers of entry by having banks more personally involved






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September 20, 2016, 01:43:32 PM
 #25

I think it is impossible. because of the financial and economic system is different. bitcoin and the bank is very much different.

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September 20, 2016, 01:52:14 PM
 #26

I think it is impossible. because of the financial and economic system is different. bitcoin and the bank is very much different.
I am agree with you sir , where is there are big different in bank and bitcoin first thing is banks can be fully information and bitcoin is still anonymous where your privacy is really safe but in banks are not and banks are more on economics systems.

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September 20, 2016, 02:05:00 PM
 #27

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?


I don't think so that it will gonna happen because in many countries bitcoin is not used as a direct payment method and there are so many stores and banks where bitcoin is not accepted and if it will happen then bitcoin should be internationally accepted like USD, so banks and bitcoin wallet will not combine or merge.






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Ybalevia
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September 20, 2016, 02:26:09 PM
 #28

There are allot of ways to store your bitcoins but i dont think banks where you store your money dont want to accept the bitcoin also because the have nothing to do with bitcoins and they are not really popular by the authorities.
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September 20, 2016, 02:29:20 PM
 #29

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
It will never happen,due to the decentralization of the bitcoin bank will never adopt it, the bank maybe could adopt blockchain in to their system since the bank and others financial corporation are interested on it, however it is possible for them to make their own centralization crypto, but to adopt bitcoin it's impposible.
Dont think there are allot of peope who love to have the same bank for their money as the same bank for their bitcoins no one wants taht i know that for sure!
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September 20, 2016, 04:59:33 PM
 #30

maybe it can be happen in future, because beside we have an account in bank, we can have bitcoin in our account and this can make bank can make identify about sending and receive fund in bitcoin, and if someone make an illegal activity in that account, bank can easily to block the account and make clarify to the owner of that account.

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September 20, 2016, 05:16:05 PM
 #31

I did not read any of the replies that started with "I think" because that should have been obvious to any one reading.

Banks are only interested in the blockchain,bitcoin has nothing for them other than something they can steal and twist into a product that they can profit off. So bitcoin and banks will not happen on any serious scale. Just look at how banks are dealing with weed in Denver! Legal yet still the banks have a moral higher ground and yet no one asked them to judge where the money came from.
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September 20, 2016, 05:20:04 PM
 #32

honestly this is a very good idea but difficult to happen because the government is still an obstacle to this maybe bank want to do this but government will not let it them to do it.

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September 20, 2016, 05:40:12 PM
 #33

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

You dont understand bitcoin if asking that. You should go so some research about bitcoin more. Especially about the blockchain and how it works. Also look up "decentralized" .

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September 21, 2016, 07:52:37 AM
 #34

In Bitcoin, you're your own bank and then you want to put it in a different bank. It kind of takes away the essence of using Bitcoin. There's actually a way of using the bank as a security for your Bitcoins but you'll not be able to store your coins in a bank. To make use of the bank's security, all you have to do is print out the private keys of the address that holds you coin. Then put that print out in a bank/bank vault.

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September 21, 2016, 08:23:57 AM
 #35

Yes maybe it could happen because in my country like Paypal accepted by some banks. And it is very possible for bitcoin to be accepted in the bank, but that certainly needs many changes in bitcoin order to enter the bank.
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September 21, 2016, 09:18:52 AM
 #36

There are some rumors that some banks are preparing themselves to adopt the Bitcoin and give it to their clients as a new service?



Yes the news is true, I read about it this morning in the "Press" section. Said some "small" banks in Europe are thinking of giving their customers the option of having a bitcoin wallet attached to their bank accounts. Lips sealed
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September 21, 2016, 09:35:33 AM
 #37

This would remove the entire logic of bitcoin!

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September 21, 2016, 09:47:32 AM
 #38

Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?

Yes it's possible but in different form. But what is the sense of having bitcoin account in bank if there are online exchanges around which is far less hassle.

Also I don't hear any rumors that bank will adopt bitcoin itself but rather create their own blockchain. Just need a clarification on this.

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September 21, 2016, 11:09:24 AM
 #39

Banks are interested in the Blockchain technology powering Bitcoin and not in Bitcoin itself in general. They will most likely use the technology to make their own Blockchains bolstering their own assets so I very much doubt it that they are going to offer Bitcoin accounts to their customers. Plus Bitcoin will be competing with their other services so why even bother?

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September 21, 2016, 04:58:44 PM
 #40

There is a big difference between what the banks are doing and what Bitcoin is doing. Bitcoin is PUBLIC & decentralized and the

Blockchain based technologies that the banks are developing are PRIVATE and decentralized but it's still managed centrally by them. They

can decentralize the technology within their own Private Blockchain. Bitcoin is also open to everyone, where these technologies are

permissioned. THESE points are VERY important... and makes a huge difference.  Wink


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