The first bitcoin bank!

[digaran]

Here please take my money, I want a Bitcoin bank so badly that even Gleb made a noise about me bitching around asking for a bank, the foundation of Bitcoin is built against the banks, read the genesis block text.
But guys how about this idea:
I deposit 2 Bitcoins in a bank at a price of $2500 and if price increased then the value of my deposit increases but if the price decreased then the value stays at $2500 is there any bank to accept such a deal?

[Zenithar]

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

In my opinion this is totally bad news for me , because I am also a Bitcoin trader and making deals in the Bitcoin to buy and sell daily for the fiat ( USD and local money ) .
But if the Bitcoin bank will start then surely most of the persons will use Bitcoin bank and that will be results into the lake of the customers for me and finally this will steal my job of Bitcoin trading . So I don't like it , but idea of Bitcoin bank is good .
Here also another traders in the Bitcoin field , will also leave Thier job of trading .

If there a bitcoin bank it will help the people who use it and they can deposit there bitcoin instantly it will help the bank to get more funds. In coming future all bank in this world will accept bitcoin as deposit of there costumer. Having bitcoin bank will help all the people to keep there bitcoin safe and secure. I think no ones will try to stealth in that bank.Lastly, i think some bank accept bitcoin for some reason.

i do not think that we need for any bank to keep our bitcoins there, as to me  think the present online wallet system is the best option, i do not like to adopt the previous boring banking system where you have to visit a bank for depositing and withdrawal of bitcoin. in online wallet system we do not need to visit a bank for depositing or withdrawal of bitcoins.

[Hydrogen]

There's a lot of pressure on financial institutions similar to paypal to be corrupt organizations that look for the smallest excuse to close accounts & confiscate money for no legitimate reason.

I hope this digital bank is a good thing.

If it offers a similar to paypal it may likely become corrupt eventually, similar to how coinbase's list of complaints is growing.

[Winner]

Chaos about to happen. Once more Banks try to integrate Bitcoin into their payment systems then they should get a little bit hurt when the price of Bitcoin goes down to zero or single digits. People that have Bitcoin will cause the large Banking companies build a bigger disaster than it already is.
As with the current situation right now, people could cash Bitcoin out when the people feel like it though there is already a bunch of places that allow that option already.

[Russlenat]

For me this is a good news that there's a bank for bitcoin this can help to people who earn bitcoin on that country where that bank open. what about other bitcoin earner in other part of the world! I hope they can support this transaction worldwide that even far-far away person can transact without hustle!.

[krishnapramod]

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

In my opinion this is totally bad news for me , because I am also a Bitcoin trader and making deals in the Bitcoin to buy and sell daily for the fiat ( USD and local money ) .
But if the Bitcoin bank will start then surely most of the persons will use Bitcoin bank and that will be results into the lake of the customers for me and finally this will steal my job of Bitcoin trading . So I don't like it , but idea of Bitcoin bank is good .
Here also another traders in the Bitcoin field , will also leave Thier job of trading .

If there a bitcoin bank it will help the people who use it and they can deposit there bitcoin instantly it will help the bank to get more funds. In coming future all bank in this world will accept bitcoin as deposit of there costumer. Having bitcoin bank will help all the people to keep there bitcoin safe and secure. I think no ones will try to stealth in that bank.Lastly, i think some bank accept bitcoin for some reason.

i do not think that we need for any bank to keep our bitcoins there, as to me  think the present online wallet system is the best option, i do not like to adopt the previous boring banking system where you have to visit a bank for depositing and withdrawal of bitcoin. in online wallet system we do not need to visit a bank for depositing or withdrawal of bitcoins.

With the advancements in technology, you no longer have to visit a physical bank to withdraw or deposit cash, for example Digibank, DBS, simple KYC and biometrics. Availing credit facilities and shopping through bitcoins stored in any online wallet has its limitations. You need bitcoin ATMs where you can quickly convert BTC to your local currency and shop according to your convenience, for that you need bitcoin banks unless each and every major shopping outlets are accepting BTC. Does your online wallet have debit/credit card facility? There is bitplastic, but still cannot be counted as a debit card.

You need bitcoin banks that have tie up with other local banks so that you can convert BTC to your local currency at any ATM, obviously that would involve that country legalising bitcoins and stuff like that.

If Japan would not have legalised bitcoins and have not opened several ATMs, then the current bitcoin price would still have been below 1K, trading does not simply give any currency a hike like this,  economics is involved. So obviously the more bitcoin ATMs are opened in different parts of the world, the more bitcoin would grow. Instead of just trading, gambling, people would be able to start using BTC like their primary currency for all their needs.

[Yakamoto]

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

Well, it isn't really a "Bitcoin bank" so much as a "Bitcoin accepting bank". If ti was a Bitcoin bank then they would allow for patrons to deposit Bitcoin directly into their accounts, they just accept Bitcoin as a way of putting fiat into bank accounts. Not a "real" Bitcoin bank in my opinion.

As for whether or not it is a good thing, I don't know. It's good for people that want fiat, probably a bad thing if banks start to lap it up.

[batang_bitcoin]

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

I have two sides on this news, but let's go with the good news. On this matter, this is a very good news as this bank recognizes the power of bitcoin and it can help to increase the popularity and demand of bitcoin. On the other part, the only thing we don't like about banks is the charging of fees and other hidden charges they are doing to us.

[bohr]

I hope this ain‘t real. I am a trader so this is bad thing in my part, for sure people will prefer to use bank for their transaction, especially those who buy big quantity of bitcoin especially now that the value is gettig higher and higher so it is more risky to buy coin to a strangers like me but we will lose our opportunity to earn.

I don’t see what is the problem for you as a trader, unless you are selling in local bitcoins or something this should not affect what you are doing as a trader.

[boy130]

The first bank in world who started using bitcoins officially it is Ukrainian Privat Bank. It is one of biggest banks in Ukraine and you can transfer bitcoins to your bank account and get fiat currency for it. And it is not virtual bank but real. 

[deisik]

The first bank in world who started using bitcoins officially it is Ukrainian Privat Bank. It is one of biggest banks in Ukraine and you can transfer bitcoins to your bank account and get fiat currency for it. And it is not virtual bank but real. 

Ukraine itself is mostly a virtual state nowadays

So its banks cannot be less virtual than that. But it would be still interesting to find out if you can open at least a checking account in Bitcoins there. If you can, then this Privat Bank would cut it as a Bitcoin bank. If you can't do that, and in real life it uses some third party Bitcoin-to-fiat payment processor as an intermediary, this would evidently be a far cry from a real (or pseudo-real) bank accepting bitcoins. As simple as it gets

[deisik]

If Japan would not have legalised bitcoins and have not opened several ATMs, then the current bitcoin price would still have been below 1K, trading does not simply give any currency a hike like this,  economics is involved. So obviously the more bitcoin ATMs are opened in different parts of the world, the more bitcoin would grow. Instead of just trading, gambling, people would be able to start using BTC like their primary currency for all their needs.

As to me, this has nothing to do with reality

First of all, Bitcoin had already been well above 1,200 dollars per coin months before Japan made Bitcoin legal in their country. The price had even jumped over 1,300 dollars a few hours prior the SEC announced their decision (i.e. rejection) on the Winklevii Bitcoin ETF application. Thus you will have first to explain how the price got there without Japan. Further, if trading was not involved in this rally, you will have also to explain coherently how the price managed to crash over 700 dollars within a couple of days (remember, trading is not involved as per your assumption). Does it mean that people rushed to withdraw fiat using these ATM's "opened in different parts of the world" just a week or two after buying their bitcoins via these machines? This simply doesn't add up

[stomachgrowls]

https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/

According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.

This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.

Is this a good news or bad news, whats your say?

In my opinion this is totally bad news for me , because I am also a Bitcoin trader and making deals in the Bitcoin to buy and sell daily for the fiat ( USD and local money ) .
But if the Bitcoin bank will start then surely most of the persons will use Bitcoin bank and that will be results into the lake of the customers for me and finally this will steal my job of Bitcoin trading . So I don't like it , but idea of Bitcoin bank is good .
Here also another traders in the Bitcoin field , will also leave Thier job of trading .

If you are a bitcoin trader then this thing wont really bother at all since you can decide anytime on not making use of those banks even there are already accepting bitcoin.There are traditional ways that you can able to use without the need of those banks. Its a good news for me since they are gradually accepting bitcoin but i think no one would use on their service too much when it comes on anonymity purposes.