Bank in Norway now supports Bitcoin

[gandame]

That is good that many countries now adopt bitcoin as there additional on there currency. If all countries adopt bitcoin as a second currency i think bitcoin it will blow up and no one can stop it.

[densuj]

Nice!
As time goes by, bitcoin was accepted in a lot of countries and I can say, this coin improves a lot.

Yup, that is mean the corporations, government and other people had knew about the new technology of digital currency include the Banks so they has adopted bitcoins on their business, bitcoins is growing up right now in the future bitcoins will be the new gold and the altcoins will be the silver, they are good for investing in them​ especially invest in ethereum and bitcoins.

[bitart]

Nice!
As time goes by, bitcoin was accepted in a lot of countries and I can say, this coin improves a lot.

Yup, that is mean the corporations, government and other people had knew about the new technology of digital currency include the Banks so they has adopted bitcoins on their business, bitcoins is growing up right now in the future bitcoins will be the new gold and the altcoins will be the silver, they are good for investing in them​ especially invest in ethereum and bitcoins.

Your idea is interesting: "bitcoins will be the new gold and the altcoins will be the silver"
This makes sense, if you think about the limitations of current blockchain, bitcoin will be a kind of value holder thing like in the middle ages and alts like etherum, or any other alt that can speed up cheap low value transactions can act as the change in fiat.
In this case you will keep your bitcoins in offline/hw wallets and use alts for daily purchases and transaction with web wallets or mobile wallets. It will be possible that different kind of merchants will use different alts (different speed in transaction confirmation, needs faster for taxi and slower for a cafe or restaurant...)
Banks can join this ecosystem like a trusted part to help people keep their bitcoins safe (normal everyday people needs someone to trust and they don't have the knowledge to create secure offline wallets etc..)

[mantra]

It is not surprising that there are banks that accept bitcoins, even though through coinbase. Very good news, if this bank succeeds and gets a lot of profit, surely another bank will follow its steps to use bitcoin, we all hope so

[Jody.Drummer]

With the support of many banks from the country, I hope later bitcoin really can be received in all countries in the world.

[mrcash02]

With the support of many banks from the country, I hope later bitcoin really can be received in all countries in the world.

I think it's better to wait and watch how this experience works... The only reason I would use a bank service to store Bitcoins is if they pay interest and if there is any guarantee about it, like other centralized banks with fiat. Also, must see if the fees they will charge aren't so high.

[Rinder]

I might had read it wrong but looks like just those bank is allowing people to buy and sell bitcoins from coinbase, soo there isnt nothing new, the exchanges where i do live does support all banks, i mean you can deposit anytime into their accounts and go purchase bitcoins. If the bank would trade directly it would be another question, but the law would go into the bank forcing it to close those service.

[Pettuh4]

With the support of many banks from the country, I hope later bitcoin really can be received in all countries in the world.

Yes the trend looks promising and I'm likewise hopeful for a global replication of this act from the Norwegian bank. It's laudable and I think Europe can chart a new course into cryptocurrency with Norway spearheading.

[mrfreezeh]

Nice!
As time goes by, bitcoin was accepted in a lot of countries and I can say, this coin improves a lot.

Yup, that is mean the corporations, government and other people had knew about the new technology of digital currency include the Banks so they has adopted bitcoins on their business, bitcoins is growing up right now in the future bitcoins will be the new gold and the altcoins will be the silver, they are good for investing in them​ especially invest in ethereum and bitcoins.

Yeah, in my country some store accept use Bitcoin to buy car, motobike, smartphone or buy coffee, although it only by personal. But I hope in future, Bitcoin can buy more than and become to digital cash important in the world's

[stompix]

I might had read it wrong but looks like just those bank is allowing people to buy and sell bitcoins from coinbase, soo there isnt nothing new, the exchanges where i do live does support all banks, i mean you can deposit anytime into their accounts and go purchase bitcoins. If the bank would trade directly it would be another question, but the law would go into the bank forcing it to close those service.

No, you've read it right.
But you're part of the tiny 0.01% percent of users here that are actually reading.

There is no bank accepting bitcoin they just launch a service where you can buy bitcoins directly with your bank account from coinbase. That's all.

They do not offer bitcoin deposits they do not offer anything else.
Just like you can pay you energy bill directly now you can buy bitcoins.

But people like to blow stuff out of proportion.

[lionheart78]

I might had read it wrong but looks like just those bank is allowing people to buy and sell bitcoins from coinbase, soo there isnt nothing new, the exchanges where i do live does support all banks, i mean you can deposit anytime into their accounts and go purchase bitcoins. If the bank would trade directly it would be another question, but the law would go into the bank forcing it to close those service.

It is still a news, bank that allow a service and support them to use their service is a news.  Other banks won't mind.  The fact that they are allowing coinbase to use their service is an indirect support to Bitcoin since, Coinbase have to declare where are those funds coming from. Unless you think coinbase is not declaring that the funds came from Bitcoin conversions.

[SonnetStar]

This is good as more and more banks support bitcoin I will be able to travel better. I was actually planning to go to Norway and now I have a better reason to go there. I wonder do they have any bitcoin atm? It would be a good picture to take with one
I don't know if bitcoin atm are any good but at least it's a novelty item

[timerland]

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's good news that a bank is acknowledging bitcoin, however in practice redirecting to someone to coinbase for a purchase of bitcoin isn't really "supporting bitcoin". If they really supported bitcoin then they could add bitcoin banking options, and treat bitcoin like a foreign currency.

You can buy bitcoin with coinbase in the US, but are US banks supporting bitcoin? Think about it. They merely act as a money storing and transmitting service for people who trade bitcoin, nothing else. They can add coinbase api too to their website.

But I'm not trying to say that this is bad, it's good. However banks are something that bitcoin was created to rid of in the first place. We don't need the SEC or banks to acknowledge that bitcoin is good to have a successful blockchain.

[sotoshihero]

With the support of many banks from the country, I hope later bitcoin really can be received in all countries in the world.

I think thats for sure, as more countries recognizes the bitcoin as a legal payment aid. Also, this blockchain technology is something new that even remittance giant western union are utilizing its potential.

[GideonGono]

I might had read it wrong but looks like just those bank is allowing people to buy and sell bitcoins from coinbase, soo there isnt nothing new, the exchanges where i do live does support all banks, i mean you can deposit anytime into their accounts and go purchase bitcoins. If the bank would trade directly it would be another question, but the law would go into the bank forcing it to close those service.

No, you've read it right.
But you're part of the tiny 0.01% percent of users here that are actually reading.

There is no bank accepting bitcoin they just launch a service where you can buy bitcoins directly with your bank account from coinbase. That's all.

They do not offer bitcoin deposits they do not offer anything else.
Just like you can pay you energy bill directly now you can buy bitcoins.

But people like to blow stuff out of proportion.

It really is not the bank itself but the coinbase who offer the service thru bank. They deposit through bank and coinbase will process. I'm hopeful that one day they will consider Bitcoin to be a part of their monetary system.

[staceyoh]

Wow,that is really a great news for bitcoin.
It will become more successful because
another country recognizes it.

[iamTom123]

I am sure there would many people in Norway who are and can be interested with Bitcoin and this move of this bank can help those people who are thinking of getting into the Bitcoin bandwagon. Though this bank may not be so big but this move can be on the news and can stimulate other banks to also offer or facilitate Bitcoin for their clients.

As we always predict here, soon there would be many establishments/institutions in the financial sector who will look at Bitcoin with serious eyes because primarily it is truly a profitable vehicle. We are now experiencing falling interest rates making depositors edgy as their money is earning almost nothing...and once they see Bitcoin they can be so amazed and excited.

[betaminer]

s-banken, the former Scandicbank says today, 27.1.2018:


"Yes, but it's only a view of the stock in Coinbase

You can not exchange the crypto currency through us

It must be done in such a crypto exchange bank

Initially, it will only be possible to see this stock in the BETA bank."


so I guess nothing but PR

[Potchi]

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.

This is really a great news! I think legalizing and using bitcoin in banking system is the greatest way to create an idea that bitcoin really is secured and has a lot of benefits. Bitcoin is the most convenient way of saving and earning money at the same time. I hope there are more countries out there who will follow this step.

[bigbosma]

Norway is an advanced European country, and the fact that at least one of its banks supports bitcoin is great news. And although there is not much point in using the bank, if you have bitcoin, since it is enough to keep it on your wallet, this news will allow the crypto currency to stay more confident in the world, as it is increasingly recognized.