Mobile phones and the Internet are changing the banking

[avp2306]

Mobile phones and the internet are definitely changing the banking industry. Central banking system is getting thrown out the window in replace of a new one.

I think with the advancement in technology, things will keep on changing and we’ll be able to see such a wonderful things like online banking and stuff like that. It is a very good idea and we must appreciate it. I think with the evolution of mobile phones and internet, we can do almost anything related to banking by sitting at our own homes.

One of the greatest evolution of these new technologies today and some banks are adopting with it but the greatest invention ever made is the bitcoins since we are able to earn even if we just leave our balance in our wallet and also we can transact with it globally without government traced out and tax payments with our transactions.

[Vastraint]

I can hardly remember when the last time I went to the bank, the banking system in the digital world was influenced by the system, maybe easier but we can not touch the real money

True. Even before the blockchain, computer and information technology is being used in banking systems and they have greatly change the way of transactions and payments. The blockchain technology on the other hand is a system that shocked the world because I think even the online systems of banks didn't expected that such technology will exist and this will wipe out the entire system and make it to the whole new level.

[777Bitcoin]

Agree much of this topic. I do have an exchange wallet that can be done this transactions in seconds. No kidding, example given: I received 0.01 worth of bitcoin then I will convert it to same wallet to my local currency. Then there is an option for Master Card cash out then after putting information address or email and amount. Viola' it was done instantly. The only thing left that I should do is withdraw it on ATM or on bank.

it is a good option for you and i think if its be done in other country then we can changing the banking services although its far beyond from now but i am sure that in future, we can do this with easy. it is good for us to know that there is a wallet that could convert our bitcoin to our local fiat and send the amount to our bank account or our debit/credit card so we don't have to difficult to spend the money. we just only need to use our debit/credit card to buy something.

Yes it is best options for me now and they're customer services deserve a thumbs up. Never have an issue with this pattern of cash out for me. You can do it in fraction of time, less transaction fess and so much option to choose from. They're confirmation is instant from converting, receiving and cashing out. It was good to have it on phone for mobility. Banking system and technology works best with bitcoin.

I do have an idea on what local wallet you are using because i do have the same experience too on my local wallet.Once i recieve funds on bitcoin form i do easily convert it on a matter of single click then it exchange to local value then you can opt out on cashouting it without or less fees involved and that transaction would only happen on a single day depending on the confirmation of such withdrawal.

Maybe sir or maybe not. I’m using coins.ph wallet sir. I don’t know if it serve any other country than Philippines. Yes sir, it’s all instant. We even have option for cashing out on one bank that we don’t have to pay and it also card less . I also mean cashing out instantly is, 10 seconds interval from sending to my wallet to my MasterCard. It looks unbelievable right. Maybe for other country or maybe we are lucky to have this service for now.

[yrreg ger]

Mobile phones and the internet are definitely changing the banking industry. Central banking system is getting thrown out the window in replace of a new one.

I think with the advancement in technology, things will keep on changing and we’ll be able to see such a wonderful things like online banking and stuff like that. It is a very good idea and we must appreciate it. I think with the evolution of mobile phones and internet, we can do almost anything related to banking by sitting at our own homes.

One of the greatest evolution of these new technologies today and some banks are adopting with it but the greatest invention ever made is the bitcoins since we are able to earn even if we just leave our balance in our wallet and also we can transact with it globally without government traced out and tax payments with our transactions.

New technologies make the banking transactions much faster now. You can deposit and withdraw money in your account through internet connections. Aside from that, there are online wallets available now which are more accessible than those bank accounts. Online wallets made it possible for paperless storing and transactions of your money which is very convenient for very busy people.