Bank moving towards bitcoin soon?

[unusualfacts30]

China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?

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[bitbunnny]

I've also heard that some world banks have shown the interest about Bitcoin, besides blockchain technology. Also that some are secretly investing in Bitcoin despite the public rebel and hate speaches aginst cryptocurrencies, especialy Bitcoin.
Like they say, if there is a smoke, there is also the fire. It wouldn't surprise me if this was true.

[~Bitcoin~]

Chinese people seem love to bitcoin and it is the country with largest amount of bitcoin miner so basically china is already collecting bitcoin but what Russia is doing behind the scene is unknown. But even if any country start to grab few bitcoin to hold for worst economic situation in future like during worldwar they will grab it silently and i highly doubt any country to announce this officially.

[yayayo]

What banks do you mean - investment banks or central banks? I don't think it's probable that we will see banks moving into Bitcoin anytime soon. Banks have decided to go full altcoin a while ago by promoting "blockchain technology" as a new method of operating a centrally controlled database. Their cognitive dissonance and outright stupidity coupled with a extreme feeling of self-importance doesn't allow them to simply use Bitcoin. Besides that, Bitcoin makes banks as we know them pretty much obsolete.

If central banks would be wise they would buy Bitcoin now at very low prices to keep them as valuable assets that could contribute significantly to a nations economic power in a post-fiat era. But I doubt that there are many progressive thinkers among the established banking elites. After all, most central banks started buying gold, after it already had become significantly more expensive and the BoE sold its holding at the absolute low in the early 00's...

ya.ya.yo!

[jtalk]

As far as I know from different media news is that banks have invested and are interested in blockchain technology alone making is separate from Bitcoin. Banks never accepted Bitcoin and will never do since it has snatched big share of online transfers and transactions which was good source of income generating was banks.

[croutonhexagon]

Wow is a great news because I had seen less love for bitcoin so there is less buy and sell and bitcoin is in stable stage. If bank move towards bitcoin the then there would be a good chances of price hike.

[muhcoins]

it is just a matter of time... they will come to bitcoin.
of course FIAT will always be the main currency for banks, but why wouldnt they accept bitcoin too(wallet, conversion and other services)?

[Theb]

Define the word "Soon". There might be a slim chance near to zero on what you are talking about, local businesses have not even touch cryptocurrency yet and you are expecting that there will be a bank for bitcoins. Banks are run by smart people they know that Bitcoin is very volatile in which the chances of having a high price are the same as having a low price. I am guessing it won't happen as Banks regulated by the government also.

[Yassarsian]

it is just a matter of time... they will come to bitcoin.
of course FIAT will always be the main currency for banks, but why wouldnt they accept bitcoin too(wallet, conversion and other services)?

I heard a Spanish bank is experimenting sending money token on the Ethereum network. I do not know about the bitcoin.

[Milkduds]

China has always had a appetite for gold and grabbing it all up is no change in the way they go about business.

The reason I wanted to reply to this thread had more to due with why people are constantly thinking the world economy is going to collapse. When people are in a fear based mindset they tend to think in a unhealthy way when it comes to their investments and they are scared to ride any type of wave. So they pull out as it goes down and jump in as it mid way up and miss the whole point of investing in things,not to mention the fees.
Obama talks about guns a lot and we all know what happens when he does this,the sales go through the roof.
Fear drives the market and our dinosaur brains react to fear more than any other stimulus.

I would always be buying a little gold for rainy days and the swings do not play into my decision making on when to buy as much as I am still buying.

[Denker]

I doubt that you will see any bank moving straight towards Bitcoin.
Before that happens, they will try and test out everything they can with Blockchain.And that can be many years!
But who gives a damn if banks are interested in Bitcoin or not?
Bitcoin was created to have the possibility to live your life without banks!!!

[samcoin]

China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?

I read many articles talking about the increasing use of Bitcoin in several countries where there was political or economic bad events, one of these events the previous coup in Turkey, whereas some turkish people were buying Bitcoin while the Lira ( the currency of Turkey) was falling, therefore Bitcoin and Gold will be the greates beneficiaries from any economic collapse.

[CoolJakeB]

I agree with the majority of the people who have already posted in this thread that it will be a long time until banks move towards Bitcoins and I am not sure if Bitcoins or any other cryptocurrency will ever replace paper money. The reason why so many people are fascinated with the prospect of Bitcoin is because of the anonymity of it. For Bitcoins to be accepted by banks, it would have to be legalized and the anonymity would have to be dropped. For that reason, I don't see it happening any time soon.

[Hoor]

yes it is really going to be in near future. The banks must have to accept bitcoin and they will rally make wallets for bitcoin and will allow people to use banks for bitcoins transactions.

[audaciousbeing]

My own view on this whole matter about banks is that with the investment and infrastructures devoted to this, its still subjected to government approval which wont come without a cost. Even with government showing interest, then I see the cost being greater in the sense that some of what we enjoy today as users of bitcoin will be out under test where someone can send me money from another part of the world, without any regulatory or bank or government knowing then I see that eroding very fast. Among all its a development in the right direction.

[CasinoBetGame]

bitcoin can't replace bank or fiat money
bitcoin only digital curency not real curency

[Kprawn]

You should not believe everything you see in the media. They have been predicting a economic collapse for years now. The Doomsday

Preppers have been using that as a reason for hoarding canned food, for just as long. The governments of the world will come with more

Bailouts until they are sucked dry, and then they will dive into the Pension funds. If you want to prepare for the economic collapse, you

should buy some physical goods you can trade, when things get tough. { Cigarettes / Canned food / Clean water } but if you want to

protect your wealth, you should buy Bitcoin, gold and silver.  

[franky1]

google hyperledger,
this is where all the big banks are involved.
but they are not working on using bitcoin just "some" of the technology that bitcoin uses to mak their own private network

there are national banks, commercial banks
UK: Barclays, Royal Bank of Scotland, bank of england
France: BBVA, Société Générale, Banco Santander,
italy: UniCredit, Intesa Sanpaolo
bank of india
Commonwealth Bank of Australia, National Australia Bank,
UBS. Skandinaviska Enskilda Banken, Nordea, Danske Bank, Scotiabank,
Commerzbank, Deutsche Bank,
Bank of America, BNY Mellon, Citi,
HSBC, Mizuho Bank,
Royal Bank of Canada, Canadian Imperial Bank of Commerce.

and then the more private firms
BNP Paribas, Wells Fargo, ING, Macquarie Group, BMO Financial Group, Natixis, Nomura, Northern Trust, OP Financial Group,  Sumitomo Mitsui Banking Corporation, U.S. Bancorp and Westpac Banking Corporation.
SBI Holdings of Japan, Hana Financial of South Korea, and Bank Itau of Brazil, Toyota Financial Services, Credit Suisse, Goldman Sachs,J.P. Morgan,
State Street, Mitsubishi UFJ Financial Group, Morgan Stanley,

there are more. but feel free to research how many fingers of worldwide banks are involved in hyperledger. it will shock you

[ekoice]

Yes most banks have decided to use block chain mechanism used in Bitcoins because of its high security.They find it worthful to save details in block chain mechanism

[MONKEYJUNK]

Banks will never use bitcoin... They just want the blockchain, just check it...
Btw China is f****ng the world economy lol