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Author Topic: There is any Bitcoin "products" for Banks?  (Read 4446 times)
Mame
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September 29, 2017, 09:56:55 PM
 #21

Both. Banks may be interested in blockchain technology to expand their services and they are interested in BTC, too. First thing first, they are interested in blockchain technology, but their investment is still low in this field. Let us say, they are analysing it, but rarely develop products with it. They are interested in BTC for other reason. The name of the reason is: ransomware. Yes, banks are often targeted with ransomware. They have started to stack up with BTC just in case. As far as I know, some altcoin platforms promised dedicated products to financial institutions, but none for BTC I am aware of. Maybe because BTC is supposed to support a financial system of people instead of banks...

Yes, and I think some banks are now into bitcoin. Although not fully. They are accepting to exchange Bitcoins to Fiat which  think is an indication that little by little. They are starting to accept Crypto-Currency. Especially now that we are in a modernized world. All our transactions are tend to place online since we are now busy with the other things. They are not yet fully accepting it because they are analyzing it first (as stated above) but soon and very soon as they see the potential of this coin. They may use it in their transactions as well.

I think through time bank and bitcoin will have a blockchain technology to add services, but still this will take sometime to put into action. And I agree that BTC should support financial system of people instead of banks.

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September 30, 2017, 04:58:09 AM
 #22

You will get a lot of resistance with statements/questions like this on this topic. Bitcoin was developed {or so it seems} to

replace Banks and financial services like MoneyGram and WU that exploits people. The idea behind Bitcoin is for people to

have a alternative payment option. {let's call it Digital cash} without having to deal with third parties like Banks. A lot of

people on this forum still support this idea, but lately "greed" clouded their judgement and they forgot about these goals...

they are now focused on profits, rather than principles.  Angry

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September 30, 2017, 07:58:48 AM
 #23

I am wondering if there is any dedicated solution for integrating Bitcoin with "real" banks?
Some special "wallet"? Or any other infrastructure products/companies that should helps banks implement Bitcoin in an easy and secure way?
I am not talking about all the "Block-Chain" companies out there who trying to build their "shared" database with banks, I am talking about Bitcoin as we know it.
I believe that some of the banks are already works on such an integration, I just wanted to learn about the market in that area.

Thanks. 
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October 01, 2017, 05:24:06 AM
 #24

Presently there is no bitcoin products for bank and banking system is unable handle the bitcoin type product. As it is a millenary market OK black chain. It is possible some other banking type institution will come in existence in future. The new institutions will be more safe and effective In banking bitcoin.
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October 01, 2017, 03:17:20 PM
 #25

 

From what I have read, banks seem to be interested in using blockchain technology to settle trades between repetitive trading partners.
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October 01, 2017, 09:22:06 PM
 #26

It is my understanding that banks are more interested in blockchain technology than Bitcoin itself.

From what I have read, banks seem to be interested in using blockchain technology to settle trades between repetitive trading partners. 

Probly banks are more interest in blockchain technology and maybe in the near future banks can be open with the idea of bitcoin as one of their product or services. But I think bitcoin it self can stand alone without banks or any financial institution its just giving the people options as theirmode of payment at how they will invest unlike with banks they have low interest rates.compare with bitcoin you can be a millioner in no time.

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October 02, 2017, 06:14:00 AM
 #27

Mate,a child giving birth to cannot work in a day cause it a gradual processing and it will take time. However, we should be happy that almost the government of every continent legalize bitcoin which mean at any time now there will bitcoin product available for banks.

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October 02, 2017, 04:07:08 PM
 #28

Bitcoin has no products or services in it and never will. There is no coupling between banks and crypto and no reason to try to create one. It is two different things and they have nothing at all to do with each other. The structure of bitcoin and bank is totally different hence we cant see any compatibility between then other than that bitcoin can be converted to fiat and fiat can be converted to bitcoins.

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October 02, 2017, 09:21:12 PM
 #29

Falcon Private Bank would seem to offer bitcoin exchange so I would imagine that soon more banks will follow. It would be profitable to them and to you as long as the bitcoin won't drop in value which it won't. Right now there are other banks that would offer such services so you can search for banks in your area that offer bitcoin services.
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October 04, 2017, 07:25:41 AM
 #30

Bitcoin products for "banks" are not yet heard here in our country so far. Banks will more likely use a blockchain technology in the future and bitcoin can be included in the bank transaction possibly as how I see it for now. There are still so many things to be discovered soon.

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October 04, 2017, 08:30:10 AM
 #31

Bitcoin products for "banks" are not yet heard here in our country so far. Banks will more likely use a blockchain technology in the future and bitcoin can be included in the bank transaction possibly as how I see it for now. There are still so many things to be discovered soon.

As of know there ain't no such product as you have clarified and yes there is a lot in store for future where in bitcoin can be included in bank transaction like how PAYTM does but on the other hand if we notice bankers will be the losers if bitcoin becomes too main stream so thee will be resistance and objections from bankers as they cannot have control over our money. blockchain is no less than bank.

   
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October 04, 2017, 10:35:57 AM
 #32

My suggestion is to check out RIPPLE as this asset is most involved on banks.

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October 06, 2017, 04:48:11 AM
 #33

some banks are now trying to implement their own systems with security frameworks related to blockchain technology they are building software and engineer infrastructure for them. They can use their own systems to find security and implement technology, but they will use this system in real banks but not under blockcoin integration


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October 06, 2017, 07:00:31 AM
 #34

I do not think that banks will adopt blockchain technology with digital currency, bitcoin is not yet treated as centralized currency and bank only accept centralized or money that having physical figures. I think if bitcoin start to adopt by all governments and it will make it legally accepted and then bank will start to adjust their system or upgrade to include the blockchain transactions because bank is regulated by the government. Also it will be great if we can transact into the bank directly with our bitcoin it is easy to buy and sell bitcoin. And it will be good to make bitcoin much more popular because bank will directly introduce to their clients about bitcoin ofcourse it will be included in their annual target or projection.
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October 06, 2017, 09:50:08 AM
 #35

Bitcoin was designed to replace banks not for them

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October 12, 2017, 05:03:39 PM
 #36

Bitcoin's a dirty word in banking circles. They love blockchain but they tend to avoid Bitcoin like it'll give them the plague. I don't agree with it, they're missing a real opportunity but don't expect any support from them.
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October 12, 2017, 06:18:48 PM
 #37

I do not think that banks will adopt blockchain technology with digital currency, bitcoin is not yet treated as centralized currency and bank only accept centralized or money that having physical figures. I think if bitcoin start to adopt by all governments and it will make it legally accepted and then bank will start to adjust their system or upgrade to include the blockchain transactions because bank is regulated by the government. Also it will be great if we can transact into the bank directly with our bitcoin it is easy to buy and sell bitcoin. And it will be good to make bitcoin much more popular because bank will directly introduce to their clients about bitcoin ofcourse it will be included in their annual target or projection.

I think they will. In fact banks already test blockchain technology big time and they are very interested to use it. Some of them even tested Bitcoins and having some ideas about offering Bitcoin services to their clients. I haven't made that up, a friend from financial industry told me so.
Maybe at the begininig banks were strongly against Bitcoin but now the situation is changing and I wouldn't be surprised if in few years time they will offer Bitcoin services.

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October 12, 2017, 06:29:48 PM
 #38

It is obvious that Bitcoin or any decentralized, free, and open cryptocurrencies is not a good thing for banks. Banks create money, and they will adopt in the near future money with a private and centralized blockchain (with the control of money creation).

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October 13, 2017, 05:42:00 AM
 #39

I am wondering if there is any dedicated solution for integrating Bitcoin with "real" banks?
Some special "wallet"? Or any other infrastructure products/companies that should helps banks implement Bitcoin in an easy and secure way?
I am not talking about all the "Block-Chain" companies out there who trying to build their "shared" database with banks, I am talking about Bitcoin as we know it.
I believe that some of the banks are already works on such an integration, I just wanted to learn about the market in that area.

Thanks. 

I don't think that there are banks for bitcoin. Theoretically, bitcoin is not globally accepted yet, to consider it as world acknowledged money. Although, you can use it to buy certain products. I have tried buying clothes online using bitcoin. Smiley


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Karimeen
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October 16, 2017, 10:47:10 AM
 #40

I do  say there is bitcoin products for banks ,the first  bank offering to buy bitcoin for its clients is the Swiss bank.Investors can ask their asset manager at Falcon private bank,a boutique investment from headquatered in Zurich to purchase and store bitcoin on their behalf-a first for conventional banks bitcoin is decentralised and relies on computer network that anyone can join to check the legitimacy of transactions.Every bitcoin is accounted on a digital ledger, the blockchain records how many coins each digital wallets hold.
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