Bank moving towards bitcoin soon?

[requester]

it's gonna be awesome if bank move towards digital money because all long the way from ancient times form is money had changed from barter system to silver and gold coins and then to paper note and now we have  digital currency. so definitely there should be change in money so that we could move with trends and Technology.

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[hv_]

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

Pls check out what Swiss tier2 Bank Vontoble has realized.

Valor 32760611 ISIN CH0327606114 Symbol ZXBTUV


And they loudly speak of bulding a direkt wealth depot for Bitcoin


Today there is big news from national Swiss railway comp to sell bitcoin at their terminals!!!

http://www.sbb.ch/en/station-services/services/further-services/bitcoin.html

[1Referee]

it's gonna be awesome if bank move towards digital money

Banks are already pointing their fiat system and entire way of doing business to a digital form. If you live in a well developed country, then you'll notice how banks are trying to force contactless payments through in order to push back the usage of cash money. I make use of exactly that and can honestly tell you that this system works more than well. Payments settle instantly without any fees, stores can instantly send back money for items you return, etc. It's a solid and effortless system. Very difficult for Bitcoin to get its foot on this ground.

[Doamader]

As i know banks do wanna save the huge fees they pay between them, soo its logical to think their blockchain will be internal, people wont have acess to it, maybe banks do make some crypto coin, but its unlike to happen, and wouldnt be beneficts, maybe they would make a savings into those cryto coins. I do believe maybe some bank its already at crypto world, banks do like profit, crypto world is allowing anyone to get and achieve those.

[neochiny]

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?

1. I don't particularly see any significance whether or not they invest heavily in gold. Could be a number of reasons for that.
2. GLOBAL market crash? and it's SOON? Really? Where is this based on? Can't remember how many times I've seen this.
3. Could have provided said Doomsday article. Coulda been a fun read.
4. Digital money doesn't really automatically translate to Bitcoin. And I also think banks are at the polar opposite of bitcoin. That's like centralized and decentralized. Two completely incompatible things. So frankly, I'm not really putting much stock into banks going for bitcoin.

[kidoseagle0312]

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.

Well that's sounds great news anyway, I also heard that many of the banks in the other country are adopting the system of bitcoin. Most of is true investing secretly and I don't know why there doing it for awhile.

[Mark02]

it's gonna be awesome if bank move towards digital money

Banks are already pointing their fiat system and entire way of doing business to a digital form. If you live in a well developed country, then you'll notice how banks are trying to force contactless payments through in order to push back the usage of cash money. I make use of exactly that and can honestly tell you that this system works more than well. Payments settle instantly without any fees, stores can instantly send back money for items you return, etc. It's a solid and effortless system. Very difficult for Bitcoin to get its foot on this ground.

Yeah banks do that nowadays in relation with modernization. Since people ar now busy and they have a compact schedule. They now don't have time to go to somewhere to pay bills, uy stuffs and etc. So, te banks are now operating online just as what bitcoin is doing. But, the advamtage of bitcoin is that, it offers us to have a money by doing stuffs which banks cannot give us.

In short, I think I will stick with bitcoin rather than banks as it gives me an opportunity to earn while surfing the net.

[BitHodler]

People should forget about this as it will never happen.

The only thing banks and other organizations are interested in, is the technology that powers Bitcoin, the Blockchain.

The coin aspect of Bitcoin is something they don't like and never will. And honestly speaking I can understand that as Bitcoin goes against all their values.

Just think about it, will you use something that can disrupt your organization? Exactly.

[xdrpx]

I don't think investing in gold's going to bring in a big market crash, if that's what you meant. Also Banks aren't happy particularly about accepting Bitcoins. I know there are a couple who have accepted it and it's just in countable figures, but almost 99% of the banks would prefer to invest in Blockchain technology, develop their own form of virtual currency and have that circulate in the market rather than support Bitcoin.

[mindrust]

They can move towards bitcoin in order to make quick money but it will only speed up the inevitable process: the total destruction of the fiat banking system.

The beauty of bitcoin is that you can't make it out of no where. It should have been same with gold but banks found how to cheat on those. Most of the banks offer gold accounts for their customers. In those accounts they show you how much gold you have. It is the same crap as showing your account balance in $$$. As you know, Deutsche Bank actually refused to pay in gold to its customers.

http://www.zerohedge.com/news/2016-09-01/xetra-golds-responds-deutsche-banks-failure-deliver-physical-gold

They can't pull this crap with bitcoin. If they can, it means people are way more stupid than we already think they are.

[panju1]

I don't think investing in gold's going to bring in a big market crash, if that's what you meant. Also Banks aren't happy particularly about accepting Bitcoins. I know there are a couple who have accepted it and it's just in countable figures, but almost 99% of the banks would prefer to invest in Blockchain technology, develop their own form of virtual currency and have that circulate in the market rather than support Bitcoin.

Are there any banks which accept bitcoins? Regulations in most countries will prevent them from doing so.
Even if banks want to accept bitcoins, they are bound by regulations.

[gkv9]

China is too much into Bitcoins already and about Russia, they won't be allowing this giant so easily to spread at their places...
Chinese Government might allow their banks to get into this as they always go there first, where they see profits...

[Yassarsian]

China is too much into Bitcoins already and about Russia, they won't be allowing this giant so easily to spread at their places...
Chinese Government might allow their banks to get into this as they always go there first, where they see profits...

For the time being, Chinese Government does not allow their banks to get into bitcoin. That is the policy since late 2013.

[davis196]

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?

Most of the major players will move to gold and maybe oil.

I don`t think that "everyone" will move to digital money.Virtual accets aren`t very attractive during a

crysis.

[olushakes]

Moving towards Bitcoin is definitely adopting the system and technology that Bitcoin rests upon and not that they want to start using Bitcoin as a form of currency I believe that mis-conception should be cleared and that is the highest we can get as the banking system has evolved over centuries to be what it is today and they are still standing. If its adopting Bitcoin as a currency then I say is beyond the powers of Bank because they themselves cannot decide that a currency whether digital or paper is now a "LEGAL TENDER".

[AGD]

Here is the answer what the ECB is thinking about Bitcoin:

http://www.zerohedge.com/news/2016-10-19/ecb-wants-curb-bitcoin-use-over-fears-it-may-lose-control-over-money-supply

However, overnight in a surprising reminder how the European central bank feels about bitcoin and other virtual money, the ECB urged EU lawmakers to tighten proposed new rules on digital currencies such as bitcoin, fearing they might one day weaken its own control over money supply in the euro zone.

[error08]

There's no way bank moving towards bitcoin unless bitcoin is legal in their country and many people use bitcoin there.
Bank don't want bitcoin become popular because centralized is what makes them strong

To be honest, i don't want bank moving towards bitcoin because some people will use their service and don't realize power of the decentralization.

There are some advantages if banks adopting bitcoin, I think they can't control it or make it centralized as the system set that way except everyone sell theirs coin to banks. I mean, it will like bank investing in bitcoin and people simply could convert their money to bitcoin and vice versa, but only if the state legalized bitcoin to adopted by banks and as accepted payment everywhere which seems impossible, lol. But at least bitcoin still have it own market that will develop and has massive adoption.

[xIIImaL]

There's no way bank moving towards bitcoin unless bitcoin is legal in their country and many people use bitcoin there.
Bank don't want bitcoin become popular because centralized is what makes them strong

To be honest, i don't want bank moving towards bitcoin because some people will use their service and don't realize power of the decentralization.

There are some advantages if banks adopting bitcoin, I think they can't control it or make it centralized as the system set that way except everyone sell theirs coin to banks. I mean, it will like bank investing in bitcoin and people simply could convert their money to bitcoin or vice versa, but only if the state legalized bitcoin to adopted by banks and as accepted payment everywhere which seems impossible, lol. But at least bitcoin still have it own market that will develop and has massive adoption.

Already Citi bank newyork announched these advantages in the press meet about bitcoins advantages and its uses in the banking sector. This official information was provided on last month. I guess citi bank will adopt bitcoins as the payment and transaction medium soon.

[doomistake]

Big countries like China and Russia are countries that are not just big for nothing. This countries are one of the most powerful country because it is rich, why? Because people in this countries are not narrow minded in all aspects of things especially when it comes on how their country would be a success on everything. It doesn't surprise me at all if China is interested in bitcoin because bitcoin is really interesting when we are talking about privacy and transaction speed.

[xuan87]

There's no way bank moving towards bitcoin unless bitcoin is legal in their country and many people use bitcoin there.
Bank don't want bitcoin become popular because centralized is what makes them strong

To be honest, i don't want bank moving towards bitcoin because some people will use their service and don't realize power of the decentralization.

There are some advantages if banks adopting bitcoin, I think they can't control it or make it centralized as the system set that way except everyone sell theirs coin to banks. I mean, it will like bank investing in bitcoin and people simply could convert their money to bitcoin and vice versa, but only if the state legalized bitcoin to adopted by banks and as accepted payment everywhere which seems impossible, lol. But at least bitcoin still have it own market that will develop and has massive adoption.

it is true that if bank adopt bitcoin there will be a huge advantage for the bank and the user, the bank transaction flow is bigger and the user easily buy and change bitcoin to fiat, however both of them have a different purpose and even the bank want to adopt bitcoin the government will not allowed it, but for me it is better bank and bitcoin are separated