Banking with your bitcoin

[Agamemnus]

Until now in my country bitcoin has not allowed to be a legitimate currency for transsaksi, so I think nowadays banking in my country certainly will not accept bitcoin directly, especially with their fear of internet security

They won't accept it directly but they might start buying some in private to build up reserves for when it does become powerful enough in price.

[1713849199]

1713849199

[1713849199]

1713849199

[Karmakid]

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?

In our local wallet here in the Philippines we could transfer our bitcoin to the banks,
But it would automatically be converted into our currency,

[qwertyup23]

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?

It really depends on your choice and the wallet that you are currently using. From what I know, every wallet have their own options regarding the conversion of your fiat to bitcoin. But I believe that banks may opt NOT to accept bitcoin directly as fiat due to its volatility in its price which may result as a loss on their part. Primarily, banks were created for the purpose of yielding income through the course of time. By putting bitcoin in the picture, this defeats the purpose of investment due to conflicting nature between fiat and digital currencies.

[wurth]

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.

Modern banks ain’t really banks, they’re just like Bitcoin exchanger platforms that goes in the name of “modern banks”. Real banks are the ones controlled by a country’s central bank, so anything else apart from that is not a real bank.

Nope, in my opinion banks is definition create a place to calling for investment and receive profit from save in banks. As per my knowledge, in history when we was still lived in bourgeois regime, this field very grow and attractive many investors.

[Uberzugzug]

Soon, it will happen. Especially if it will continue to be popular and more people will start investing in it. This is an opportunity for banks as well.

[SamsungBitcoin]

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?

In our local wallet here in the Philippines we could transfer our bitcoin to the banks,
But it would automatically be converted into our currency,

Me also is from philippines our local online wallet which is coins.ph has great and lots of services, we can deposit and withdraw our fund in bitcoin using commercial banks the great thing is they are under amla they not prohibited all the illegal money transaction using their services that is why lots of people in our country are saving their money into bitcoin because we are know that our money are safe in that wallet.

[ethereumhunter]

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 they are not ready to accept bitcoin in their banks because their system is not syncronize first with blockchain. but i think in the future, if bitcoin is accepting in many country and the banks especially, we can send our bitcoin into banks and it will convert directly to our banks account like what we see in philippines.