Bank in Norway now supports Bitcoin

[Celsiuss]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

[deisik]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

It looks more like this Skandia bank providing back-end services for Coinbase

It works by customers logging into a third-party user interface from the Coinbase digital shopping center, and will then get the bitcoin balance visible and updated in the web bank.

That means that if you have an account in this bank as well as a Coinbase account, you can buy coins directly from your web wallet (in this case, Coinbase) with money in your bank account (and likely vice versa, though I'm not sure). As such this has nothing to do with Bitcoin, since Coinbase essentially operates as an online shop here selling you something (i.e. bitcoins) and debiting your bank account like what regular online shops are doing when you pay with your bank card (it was hard to decipher this Google translated piece)

[joshy23]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

I think this is huge step indeed, but I would be cautious because well all know that banks don't like bitcoin because of its de-centralized features that is why you can buy directly but to use an exchange. But why used banks anyway when you can just buy it thru local coins or exchanges like coinbase that they have pointed at? Well, I think we should monitor and how see things work out with this setup in Norway.

[Gens09]

Good thing for the bitcoin holders there but there is really no doubt about this success of bitcoin in many country obviously the bitcoin is already spreading all over the globe really in the future bitcoin will be the mainstream currency.

[The_Dark_Knight]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

I think this is huge step indeed, but I would be cautious because well all know that banks don't like bitcoin because of its de-centralized features that is why you can buy directly but to use an exchange. But why used banks anyway when you can just buy it thru local coins or exchanges like coinbase that they have pointed at? Well, I think we should monitor and how see things work out with this setup in Norway.

Because some people are willing to give up privacy to win in comfort and to be able to cash out their earnings easier when they are trading, so to me it makes sense for this service to exist also banks only care about one thing earning money, so it makes sense at some point some are going to accept bitcoin.

[Sundark]

That means that if you have an account in this bank as well as a Coinbase account, you can buy coins directly from your web wallet (in this case, Coinbase) with money in your bank account (and likely vice versa, though I'm not sure). As such this has nothing to do with Bitcoin, since Coinbase essentially operates as an online shop here selling you something (i.e. bitcoins) and debiting your bank account like what regular online shops are doing when you pay with your bank card (it was hard to decipher this Google translated piece)

Still good news. I don't know any other bank which offers similar services, it will certainly improve the way bitcoin can be purchased.
I hope that using your bank account means that additional external verification is no needed anymore and legal issues Coinbase might have will be handled by the bank.
This way of buying coins is way easier than using standard bitcoin exchange.

[pearlmen]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

Wow, that's another good news coming from that end and gradually the penetration is  happening. What is next is for them to deploy all their infrastructure to support bitcoin rather than the referral that is currently being obtained and this can be replicated to other countries gradually.

[doedz]

The good news, this makes BTC prices stronger, we wait for other countries to legalize this currency. Wait for BTC prices next year. Maybe with 1 BTC can get 1 Ferrari.

[LFC_Bitcoin]

The good news, this makes BTC prices stronger, we wait for other countries to legalize this currency. Wait for BTC prices next year. Maybe with 1 BTC can get 1 Ferrari.

Think we might have to wait a while to get to a stage where 1 bitcoin = 1 Ferrari.
For sure though this Norweigan bank even having anything to do with bitcoin is a positive thing.

[btcforall777]

The good news, this makes BTC prices stronger, we wait for other countries to legalize this currency. Wait for BTC prices next year. Maybe with 1 BTC can get 1 Ferrari.

Think we might have to wait a while to get to a stage where 1 bitcoin = 1 Ferrari.
For sure though this Norweigan bank even having anything to do with bitcoin is a positive thing.

1 bitcoin = 1 Ferrari. I love it! Any body with any vision for foresight can see its coming soon too!

[Victorycoin]

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English:  https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

Wow, that's another good news coming from that end and gradually the penetration is  happening. What is next is for them to deploy all their infrastructure to support bitcoin rather than the referral that is currently being obtained and this can be replicated to other countries gradually.

I see this referral approach as being indispensable if Bitcoin integration with banks is going to make any headway, other than that, the books would be opened to regulation page and all the strict requirements that goes with it outlined and we would be back at 1. I found this  bank only exist online:

Storbanken, which has no branches and is only available online, now takes digital currency investors into the heat:

Do we play the Ostrich with that because this is just a desirable step?

[prashanta]

this is a good news & we are looking forward to acceptance from another bank soon also.

[Hydrogen]

Is bitcoin support part of a worldwide de-dollarization campaign due to world leaders fearing the united states dollar being $20 trillion in debt could soon devalue its way into hyperinflation hell?

What happened to the world of only a few years ago where the news media told me deficits didn't matter?

[tosmartak]

It is a good development. At least, banking institutions are beginning to key into how they can integrate it into the banking system. Sure, for a start it won't be that easy but over time it will get better. Also, like you said, I hope the law will support it.

[cramcram21]

Wow it seems that bitcoin is really being adopted by more country,
Hope that we could see other country to accept bitcoin in the future.

[bartolo]

If I understood correctly the news is that users instead of sending their money from the bank to Coinbase and wait a couple of days until they arrive they can directly connect the bank account with the Coinbase account and make the purchase instantly. It is a faster way to do it but users should also be more careful about their safety.

The really novelty, I do not know if we will see it soon, would be that a bank gave the option to make an deposit into your account in bitcoin and change it directly to local currency or do the process in reverse, I don´t know if we will see this over time.

[Tyrantt]

Wow it seems that bitcoin is really being adopted by more country,
Hope that we could see other country to accept bitcoin in the future.

Yeah, we've seen Japan accept it, Australia will from july 1st and I can see South Korea or some scandinavian country following their footsteps aswell. 2017 has been a great year for bitcoin so far.

[btcforall777]

Is bitcoin support part of a worldwide de-dollarization campaign due to world leaders fearing the united states dollar being $20 trillion in debt could soon devalue its way into hyperinflation hell?

What happened to the world of only a few years ago where the news media told me deficits didn't matter?

Its coming and it will be beautiful! Wait for it.......

[Clement Kaliyar]

The good news, this makes BTC prices stronger, we wait for other countries to legalize this currency. Wait for BTC prices next year. Maybe with 1 BTC can get 1 Ferrari.

A bank in Norway redirects you to coinbase and you think that it would make the price of bitcoin stronger. If a country legalizes bitcoin then we will see new market place being created and more investors and thereby increase in price,i really hope that Ferrari's reputation wont go down because of bitcoin.

[Zenithar]

That means that if you have an account in this bank as well as a Coinbase account, you can buy coins directly from your web wallet (in this case, Coinbase) with money in your bank account (and likely vice versa, though I'm not sure). As such this has nothing to do with Bitcoin, since Coinbase essentially operates as an online shop here selling you something (i.e. bitcoins) and debiting your bank account like what regular online shops are doing when you pay with your bank card (it was hard to decipher this Google translated piece)

Still good news. I don't know any other bank which offers similar services, it will certainly improve the way bitcoin can be purchased.
I hope that using your bank account means that additional external verification is no needed anymore and legal issues Coinbase might have will be handled by the bank.
This way of buying coins is way easier than using standard bitcoin exchange.

yes that s really a good news to hear about,  personally do no see or know about such banks but hope that with the passage of time we will also be able that our banks will also accept bitcoin and hope that we will be able to use bitcoin in our local shops also. but still it will take some time because bitcoin is still not so much introduce in our area.