Crypto bank

[Fabricus]

What's the point of Bitcoin Banking?  Saving? Interests? Loans? Remittances? Cards? ATMs? I think all of that is now possible with Bitcoin, we just have to wait and spread the word for more bitcoin adoption..

Ultimately there is no point indeed... but right now only one thing is missing in the BTC ecosystem and it's the direct debit to pay official stuff like insurances, national taxes, etc.

[CryptoVzla]

What's the point of Bitcoin Banking?  Saving? Interests? Loans? Remittances? Cards? ATMs? I think all of that is now possible with Bitcoin, we just have to wait and spread the word for more bitcoin adoption..

Ultimately there is no point indeed... but right now only one thing is missing in the BTC ecosystem and it's the direct debit to pay official stuff like insurances, national taxes, etc.

I think it's matter of time, more sooner than later.. Actually that's ideas for business 

[Fabricus]

+1 ;-)

Actually we are talking with some third party providers (banking api) and a small team of devs to digg deeper on that idea... Personally I'm doing it for me first as I'd like to get rid of banks for good but cannot right now because of mandatory insurances (car, house and mortgage) / national taxes /  electricity bills / cellphone / etc. and of course the bank fees themselves...

I'm open to any suggestions / leads / ideas of course

[davis196]

Hi everyone,

I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time  I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance  ).

I actually have two questions:

• Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
• Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?

Many thanks in advance for any enlighted answer you may provide 

Those questions are asked many times here and i can`t seem to find any good answers too.

I don`t know anything about "bitcoin friendly" banks.

Bitcoin is an anti-bank currency.

[judeafante]

I'm against on any Bitcoin bank,in the first place Bitoin is for decentralization and bitcoin is not for that,they are both a contradictions but I'm interesting how will this be possible for our future use.

[Fabricus]

The way is see a "crypto bank" is actually like an exchange... a centralised hub to do things in relation with the centralised system (direct debit, debit card, etc.) based on the most beautiful decentralised system / currency ;-)

[equator]

Hi everyone,

I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time  I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance  ).

I actually have two questions:

• Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
• Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?

Many thanks in advance for any enlighted answer you may provide 

Those questions are asked many times here and i can`t seem to find any good answers too.

I don`t know anything about "bitcoin friendly" banks.

Bitcoin is an anti-bank currency.

Bitcoin was created to get rid of Banking system, in bitcoin the users are the bank and the wallet are bank accounts, Bitcoins give freedom from heavy transaction charges, fast service and high security.

[Elismon]

I think crypto bank must been used in near future but They need more time to build crypto rules to set up the crypto bank.
The youth generation is a big motivation to force them to change their mind for crypto bank soon.

[RoommateAgreement]

-snip-

Bitcoin was created to get rid of Banking system, in bitcoin the users are the bank and the wallet are bank accounts, Bitcoins give freedom from heavy transaction charges, fast service and high security.

banks are not all bad, i am not pro banking system but when you think about it there are lots of usages that we are getting from using banks. the most famous one these days (at least in my country) is the loans.

also the fact that you keep your money in a place that is safe and gives you profit on what you keep there.

all i am saying is that in the future, a bank that offers these and some more services with bitcoin can be useful.

[TastyChillySauce00]

Hi everyone,

I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time   I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance  ).

I actually have two questions:

• Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
• Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?

Many thanks in advance for any enlighted answer you may provide  

Those questions are asked many times here and i can`t seem to find any good answers too.

I don`t know anything about "bitcoin friendly" banks.

Bitcoin is an anti-bank currency.

Bitcoin was created to get rid of Banking system, in bitcoin the users are the bank and the wallet are bank accounts, Bitcoins give freedom from heavy transaction charges, fast service and high security.

And yet people are still asking about the crypto bank or whatever which is really against the purpose of why bitcoin was created. The bank itself is centralised and against decentralised thing which bitcoin having
Actually, if the crypto bank is really going to exist then the things might work just like an exchanger where you're always trading. Your funds have the chance to be stolen

[Labumi]

Hi everyone,

I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time   I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance  ).

I actually have two questions:

• Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
• Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?

Many thanks in advance for any enlighted answer you may provide  

Those questions are asked many times here and i can`t seem to find any good answers too.

I don`t know anything about "bitcoin friendly" banks.

Bitcoin is an anti-bank currency.

Bitcoin was created to get rid of Banking system, in bitcoin the users are the bank and the wallet are bank accounts, Bitcoins give freedom from heavy transaction charges, fast service and high security.

And yet people are still asking about the crypto bank or whatever which is really against the purpose of why bitcoin was created. The bank itself is centralised and against decentralised thing which bitcoin having
Actually, if the crypto bank is really going to exist then the things might work just like an exchanger where you're always trading. Your funds have the chance to be stolen

Hmm, that's a big problem if indeed what you say is true. Because we use the bitcoin not only want to earn profits, but also want to get a better security and be in control. But if indeed crypto bank had worse things than a Bank which already happens now then it will not I use and I would prefer to use the bitcoin Wallet. But I think it also depends on the theft they do a security.Hopefully it's not something that happens in the future. Because I wanted the best thing in the bitcoin
 
 

[romero121]

Hi everyone,

I've been a reader of that wonderfull forum for a while and I'm jumping in for the first time  I've searched that topic deeply for days and days, found some interesting things about that (even here) but no clear answer so I'm starting a new thread to get as detailed informations as possible (many thanks in advance  ).

I actually have two questions:

• Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?
• Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?

Many thanks in advance for any enlighted answer you may provide 

Those questions are asked many times here and i can`t seem to find any good answers too.

I don`t know anything about "bitcoin friendly" banks.

Bitcoin is an anti-bank currency.

Bitcoin was created to get rid of Banking system, in bitcoin the users are the bank and the wallet are bank accounts, Bitcoins give freedom from heavy transaction charges, fast service and high security.

That's true bitcoin has evolved as an alternate solution for banking, so such a bank with cryptographic currencies is not necessary. As mentioned even the heavy transactions that is not possible with banking can be made by bitcoin. This itself a strong proof that bank with crytocurrencies is not necessary right now. In future things might change according to the growth experienced.

[Bitcoinpro]

B

how about coinbase?

it can be seen as a bitcoin bank. and although i dislike the idea generally but coinbase or other services similar to that offer all the features that makes them a bank.

for example you make deposits there, they hold all the funds and you only have an account as you have with a bank. and they offer ways to deposit money and turn it into bitcoin and vice versa.

the only thing missing is issuing debit cards, and giving annual profit.

Coinbase is a scam

[ethereumhunter]

if the crypto bank is like traditional bank then i think we don't need the crypto bank, but if the crypto bank can give us the other benefit than just ordinary bank, then maybe crypto currencies user will use this to save their coins in that bank. but for applying this, i think we need more preparation before its ready for the user.

[Bitcoinsummoner]

B

how about coinbase?

it can be seen as a bitcoin bank. and although i dislike the idea generally but coinbase or other services similar to that offer all the features that makes them a bank.

for example you make deposits there, they hold all the funds and you only have an account as you have with a bank. and they offer ways to deposit money and turn it into bitcoin and vice versa.

the only thing missing is issuing debit cards, and giving annual profit.

Coinbase is a scam

How you can say that coinbase is scam.. honestly i am using coinbase as wallet but i still not experience any issue about that site..
Maybe for those who are using credit card to deposit i just heard before but i think the issue was solved..
I am still using coinbase for other transaction activity the sad part is you can not use it for gambling..

[Mastsetad]

if the crypto bank is like traditional bank then i think we don't need the crypto bank, but if the crypto bank can give us the other benefit than just ordinary bank, then maybe crypto currencies user will use this to save their coins in that bank. but for applying this, i think we need more preparation before its ready for the user.

I don't think if there will be a crypto bank then it would be any different from ordinary fiat banks as a bank is always a bank, we cannot get anything else from them but just some % of interest annually which is not really appreciable at all, so we may get that from crypto bank too.

[CryptoVzla]

The way is see a "crypto bank" is actually like an exchange... a centralised hub to do things in relation with the centralised system (direct debit, debit card, etc.) based on the most beautiful decentralised system / currency ;-)

That's right i hope that Decentralized Exchanges fix that because right nowi'm a bit worried about this pump. If one of the biggest Exchanges gets "hacked"... Back to 500$ for sure

[shinratensei_]

• Q1: Banks are usually not huge fans of crypto related businesses but I suppose that the big startups around (Kraken, Bitfinex, Polo, etc.) all have bank accounts but my question is: which banks are 'Bitcoin friendly' (or at least Bitcoin tolerant) to start a business with? To specify my question, if I'd like to create a Bitcoin based startup, where should I look at (I'm in Europe)?

Prove your credentials and they will be being friendly to you. Simple.
Look at the tier list in kraken.

• Q2: Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?

Try to focussing on " Be your own bank", If you're visiting the blockchain.

Source: Blockchain.info

[tigerwood0432]

The way is see a "crypto bank" is actually like an exchange... a centralised hub to do things in relation with the centralised system (direct debit, debit card, etc.) based on the most beautiful decentralised system / currency ;-)

Bitcoin debit cards already exist (load/unload in bitcoin and withdraw at ATM machine) , just follow my signature you will get 25% discount on your btc debit card)

[beerlover]

At the moment there is no bitcoin or another cryptocurrency based bank. Many people don't support this idea because they think existing of bitcoins bank would ruin it but in general I don't think this is such a bad idea because more financial bitcoin related services would be available to the users.

The reason why there is still no crypto banks, is because people are still not ready for the crypto currencies yet, all the people are using fiat and trying to change the way they are used to pay with a new thing is something really hard, so maybe when crypto currencies start becoming something they we use every day crypto banks will become a thing.