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Author Topic: Bitcoin wallet in bank?  (Read 6573 times)
piloder
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September 21, 2016, 06:08:48 PM
 #41

Banks will never love bitcoin and allow direct deposit via bitcoin or host any bitcoin wallet themselves. Using bitcoin they can't suck high fee or can't lock accounts without reason like they do daily with their customers account to get profit out of blocked funds as well with any fee/fine associated.

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September 21, 2016, 06:28:58 PM
 #42

it's still pretty hard-to-see and a difficult thing to expect in the current time, I do believe something like this might become a reality in the future but currently exchanges are having hard time just to open a bank account rather than BANKS running BTC clients...
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September 21, 2016, 08:43:14 PM
 #43

in present time i think there is not a sing bank where they accept bitcoin and have wallet for bitcoin but i am hopeful that a time will come when we will be really use banks for bitcoins withdrawal or bitcoin deposits.
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September 22, 2016, 06:17:16 AM
 #44

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 know what will be the benefit from that.

We can use bitcoin without banks now and there is no problem.

Maybe buying bitcoins will become easier,but banks will take control over the bitcoin.



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September 22, 2016, 06:31:26 AM
 #45

It looks like I may have spoken too soon about this. According to Bitcoin Suisse founder Niklas Nikolajsen European banks may start offering Bitcoin wallets as early as then end of 2016. I still will not believe it until I see it but this will be a huge boost for the legitimacy of Bitcoin if they start offering Bitcoin wallets as an option for their services.

Source of the news is here - http://calvinayre.com/2016/09/21/business/european-banks-will-offer-bitcoin-wallets-soon/


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September 22, 2016, 06:46:37 AM
 #46

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.

serioussly?

first of all paypal and bitcoin are different (except as a payment method) bitcoin is a currency while paypal is a service for paying things online that conected with your bank account.

secondly bitcoin is impossible for bank to adopted bitcoin in to their system, due to the decentralization of the bitcoin, they can't controll it so there is no way for them to adopt it, they only interested on technlogy behind bitcoin, the blockchain and it possible for them to make their own cryptocurrency.

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September 22, 2016, 07:06:34 AM
 #47

Yes it could be possible.  But of course they need to study it first on how they will incorporate it.  Especially now that banks is a way for me to buy some bitcoins.  My bitcoin wallet uses bank service if we want to buy bitcoins.  And now that in New York, bitcoin is ruled as a legal currency then maybe banks will put into consideration to accept bitcoins and make a bitcoin wallet.
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September 22, 2016, 08:04:09 AM
 #48

i dont think so this will happen, or happening soon.. and if this happens, dont you think banks will take control on bitcoin? we are already using transactions in bitcoins that is same as the banks..like paying bills sending money and the like.further, we use bitcoin nowadays with no intervention of banks.
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September 22, 2016, 09:46:49 AM
 #49

in present time i think there is not a sing bank where they accept bitcoin and have wallet for bitcoin but i am hopeful that a time will come when we will be really use banks for bitcoins withdrawal or bitcoin deposits.
yeah I really hope that it could happen. may be very easy for you to use bitcoin. because you will easily make a deposit into bitcoin or withdraw to fiat?
maybe it will happen when the user bitcoin has reached half the human population on Earth


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September 22, 2016, 11:53:32 AM
 #50

in present time i think there is not a sing bank where they accept bitcoin and have wallet for bitcoin but i am hopeful that a time will come when we will be really use banks for bitcoins withdrawal or bitcoin deposits.
yeah I really hope that it could happen. may be very easy for you to use bitcoin. because you will easily make a deposit into bitcoin or withdraw to fiat?
maybe it will happen when the user bitcoin has reached half the human population on Earth
a half population of human in the earth is a good reason to make a bank of bitcoin that can change it into fiat. But didn't you think that use bitcoin is more practicaly than use fiat. I mean how if make a transaction in buying and selling just by scan code of our smartphone, this is will gonna be cool, isn't it?


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September 22, 2016, 12:37:48 PM
 #51

in present time i think there is not a sing bank where they accept bitcoin and have wallet for bitcoin but i am hopeful that a time will come when we will be really use banks for bitcoins withdrawal or bitcoin deposits.
yeah I really hope that it could happen. may be very easy for you to use bitcoin. because you will easily make a deposit into bitcoin or withdraw to fiat?
maybe it will happen when the user bitcoin has reached half the human population on Earth

if somehow, someday the number of bitcoin users reach half the human population in the whole world, in that day you wouldn't need banks at all because it means bitcoin is being used just like fiat is being used.

in other words you can get paid with bitcoin instead of your salary in fiat and then spend bitcoin instead of fiat everywhere including grocery store, paying bills, restaurants, ...

in such world you wouldn't need banks to deposit fiat to buy bitcoin and withdraw fiat after selling it. it would be like saying deposit gold to buy dollar!!!

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September 22, 2016, 01:06:43 PM
 #52

Yes it could be possible.  But of course they need to study it first on how they will incorporate it.  Especially now that banks is a way for me to buy some bitcoins.  My bitcoin wallet uses bank service if we want to buy bitcoins.  And now that in New York, bitcoin is ruled as a legal currency then maybe banks will put into consideration to accept bitcoins and make a bitcoin wallet.


I am not aware of new York stories which you said, I know that citi bank gonna adopt the bitcoin and we can via bitcoin to the bank which we have with citi account. If bitcoin comes with banking applied rules. I am sure citi bank will be the first one.

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September 22, 2016, 01:10:28 PM
 #53

I hope not. If bitcoin will be integrated into portfolio of banking services it will be exploited hard. Do we honestly want that?
If you don't trust in your ability to keep your bitcoin safe, then we already have online wallets for that.

Maybe people expect that bitcoin can be used to create something like savings account where you could receive interest - then I need first to see how exactly it will work.

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September 22, 2016, 01:18:27 PM
 #54

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.
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September 22, 2016, 01:23:08 PM
 #55

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

Everything you say is true, because the banks will certainly profit from any of the things they used to do. Because the bank is a company that does require money (profit) for their growth, so it will be difficult to continue if the bank gives a rate equal to or greater than the rate use the money

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September 22, 2016, 02:33:14 PM
 #56

It's definitely possible that some day banks might accept Bitcoin deposits. Not sure they will actually have wallets for you to store your Bitcoins, the Bitcoins you deposit will probably be converted automatically to regular currencies. But it is also possible that they develop their own cryptocurrency instead of adopting Bitcoin.

even if that becomes possible someday, that bank will be something like coinbase. it means people who choose to use a bank instead of a normal bitcoin wallet will be forced to give up control of their private keys and their money (bitcoin in this case) and trust the bank to keep it for them just like what coinbase is doing.

the only upside to this can be possible profit that banks (unlike coinbase) will pay to deposits. but the downsides are a lot more.

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poptok1
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September 22, 2016, 02:53:08 PM
 #57

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.
serioussly?
first of all paypal and bitcoin are different (except as a payment method) bitcoin is a currency while paypal is a service for paying things online that conected with your bank account.
secondly bitcoin is impossible for bank to adopted bitcoin in to their system, due to the decentralization of the bitcoin, they can't controll it so there is no way for them to adopt it, they only interested on technlogy behind bitcoin, the blockchain and it possible for them to make their own cryptocurrency.
I also think that if anything related to bitcoin will be adopted by big banks that's going to be some bankster-shitcoin. They don't like things beyond their control ergo no BTC accounts.
Besides wouldn't it be against bitcoin philosophy? Those are money invented for US to trade, play, have fun and earn in the internet's not them banks
Having the basic knowledge of crypto now would make us sceptical clients, why store my coins in a bank when I can do the same on my own, free of charge? Not to mention private key issue... I think that banks will never adopt BTC on their own and its a good thing. We dont need them, we never did.

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September 22, 2016, 02:58:12 PM
 #58

Banks will have their own wallets, from which you can send/receive Bitcoins. One bank will start, others will follow. In banking there are not so many new technologies, so I think banks will start to implement Bitcoin soon.  Wink
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September 22, 2016, 03:06:07 PM
 #59

It will be posible one day for every bank and they will use bitcoin system and customers of bank will use bitcoin wallet but i m not sure how it will be bitcoin wallet when the day come  i mean bitcoin wallet system can change too and we can use different bitcoin wallet system in the bank .


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Bitcoinsummoner
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September 22, 2016, 03:28:17 PM
 #60

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 think its not because bitcoin have already bitcoin ATM here in my country that only bitcoin that you can deposit and withdraw..
Its just like a bank but the difference you dont need atm card only cellphone with your wallet that you can send and deposit and withdraw using atm and cellphone.

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