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Author Topic: Banking with your bitcoin  (Read 1103 times)
Bosx1ne
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September 09, 2017, 12:47:36 PM
 #21

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?
Yes it is possible. Many banks today are accepting bitcoins. I can say that the banks will support the bitcoin.

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September 09, 2017, 12:53:48 PM
 #22

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

I think the possibility are very small. Instead, the bank would create their own crypto currency. So they are not just distributed pyshical money, but also a crypto currency. Don't you agree with this? Think if this is truly happen, more crypto with created, and its mean crypto currency become more stronger than before.
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September 09, 2017, 01:31:29 PM
 #23

It is possible and implementing it won't cause much and isn't hard but if the banks does this it means it is a currency and they need to sign a agreement of partnership unfortunately there is no one to sign the agreement so it is not possible for banks to enable this plus it is not a official currency banks are like wallets if something like this has to happen it should be any local exchange to allow this not banks

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September 09, 2017, 01:46:02 PM
 #24

I have since seen banks accept BTC, accept it as a currency you can send as withdrawals as conventional currency.

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September 09, 2017, 01:50:24 PM
 #25

I think it is hard for now because no gov accept bitcoin. But some country like Japan I think u will see it soon

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September 09, 2017, 01:52:56 PM
 #26

Few banks around the world has started to function with bitcoin as well started to accept bitcoin. Banking with bitcoin is not a big deal with the ongoing mass adoption happening from different countries as a whole. Right now through trading can convert to fiat and do banking.

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September 09, 2017, 01:53:08 PM
 #27

They are contrast against each other. Banks are centralized because they complying with the rules of the government. Bitcoin is decentralise. Means it's not complied with the policy given by the government. That's why i don't think it will happen. Besides, Bitcoin is a bank itself. Just choose your desired wallet and keep it as long as you want.

 
Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?
Yes it is possible. Many banks today are accepting bitcoins. I can say that the banks will support the bitcoin.

Really? What bank? I never heard about it before.
I only know Ripple(XRP). Ripple is used by many banks. They said it is a decentralized platform. But i doubt about that.


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September 09, 2017, 01:59:50 PM
 #28

Bitcoin is modern currency its adopt most of country all over the world. Now days many country except bitcoin various way. it possible to take bitcoin bank in future.
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September 09, 2017, 02:06:16 PM
 #29

I do not think that's possible. because banks from now have strongly rejected the presence of bitcoin. banks will not want to risk the presence of bitcoin it is very unlikely banks will cooperate on bitcoin but do not know the future of banks that will lose or bitcoin to be lost
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September 09, 2017, 02:08:49 PM
 #30

I think it's the most real but still too early for that. Banks, are interested in earning. They make money by investing our money. Why would not they do it with BTC?

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September 09, 2017, 02:37:12 PM
 #31

we are still very far away for this kind of thing in my opinion. because there is still a great deal of difference between conventional banks and bitcoin. there must be a new system that can integrate both. probably the easiest is to make the Bank of bitcoin, this can be an alternative, but if viewed more deeply it may look like exchanges because of the similarity of the function is able to accept bitcoin and can also do withdraw local currency in the world.

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September 09, 2017, 02:44:58 PM
 #32

Probably a long long time away from banks ever utilizing bitcoins.

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September 09, 2017, 03:28:34 PM
 #33

of course the bank will not take that risk, let alone the stability rate in bitcoin is not stable, with graphics that increase or decrease significantly.

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September 09, 2017, 03:33:42 PM
 #34

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?
They might never accept bitcoin as payment method but they will soon bring blockchain tech in their traditional way of ledger/book keeping to secure all banking transaction. Banks and governments loves blockchain tech and hates the use of bitcoin because it is threat to them...

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September 09, 2017, 03:37:25 PM
 #35

Accepting bitcoin in a bank it's completely depends on each countries but bank can't reject bitcoin because of its security because blockchain technology next level of security even lots of banks trying to adopt block chain technology.

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September 09, 2017, 03:46:07 PM
 #36

I don't think Banks will accept Bitcoin as a payment method because there is still volatility in the price and Banks won't be able to deal with any possible loss if there is any. On the other hand, Banks are regulated by the government so unless and until there is any legal recognition through the eyes of the law, it is impossible for the banks to accept it. However, banks are working on blockchain technology to improve their current funds' clearing system to improve the performance. Even some concepts like Ripple are working in that direction.

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September 09, 2017, 03:50:32 PM
 #37

Actually the Bitcoin wiki says bitcoin is compatible and will be used for and by modern banks.
Like it or not, it actually makes sense to use modern banks with bitcoin for the same reasons we use them with fiat. Lending is a huge and important part of the economy, and some users really don't want to worry about security. You can "be your own bank" with USD Cash but most let banks worry about keeping their money safe. This will almost assuredly continue.

I think it's going to be a good thing to do because quite a number of people just have stacks of btc in their wallet waiting for it to increase while we have several others that would need it to develop ideas but because the believe is that only few ICOs are real, we then tend to be more careful but with banks, we get to save ourselves from those troubles of vetting the business proposal which they would do before advancing credit faculties. But the issue now, is when will we be able to do that? Until the time when the integration is fully done, I guess we just need to still stick to our way of doing business.

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September 09, 2017, 04:02:26 PM
 #38

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

There is possibility that banks may show up positive attitude towards bitcoin. All depends upon how popularization of bitcoin grooms in a particular country. So if government accepts bitcoin as legal tender then I believe banks would hardly ignore it. Banks may accept it as mean of deposit, assets or make bitcoin bonds. But it is difficult for it to be recognized as currency unit or collateral until-unless its value stabilize significantly.
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September 09, 2017, 04:10:50 PM
 #39

banks receive bitcoin for deposites dnot exist at all, but bank system to bitcoin already exists, and some developers also been there who opened the bank with bitcoin, there also cryptocurrency or ICO share dividend bank profits, this cryptocurrency is a PLBT but token with problematic.

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September 09, 2017, 04:40:32 PM
 #40

It should be but they will not.
They want their own bitcoin even if it is not possible.
This is a lot of money we are talking about and they dont want compensation with every bitcoin that will be deposited.
Remember, when you have lots of money in a bank you can insure it for protection.
What if I insure a lot of bitcoins to them then suddenly it fell in value. That is why they want to create their own.

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