Bitcoin is it the Future of Banking ?

[SeVenlast]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

I keep encouraging my friends and my relatives to adapt cryptocurrencies. I explained to them about how profitable is the cryptocurrencies. They also found out that the bitcoin can now use as payment and it is more convenient than physical transactions.

Some families will support Bitcoin if you explain the benefits you can do with Bitcoin. Then it's time to learn more about it.

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[Zalaster]

This revolutionary turn has already begun. Lot of users prefer to keep their money in Bitcoin rather than the banks who do not offer significant services of late.

I agree, but there is a problem. If you put a deposit of $ 100,000, then in a few years it will be the same amount + interest. The bitcoin price is unstable, you can increase the deposit several times, and you can go bankrupt. Bitcoin is not yet ready to replace fiat.

[Osaaah]

One major function of banks are to promote financial accessibility to all individual. By definition, financial accessibility is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services from a financial institution. Currently bitcoin does not serve half the purpose of banks. hence there is no it can be imagined to become the future of banking.
Until bitcoin serves all the purpose of banking and ensures that it services are easily accessible to all individual in the globe, then there is a huge chance of it becoming the future of global banking.

[TahuDiniHari]

I think it's only a matter of time for banks to be able to make innovations with bitcoin, but many banks are trying to replicate the advantages of bitcoin.

[conected]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

In my opinion the effect of Bitcoin on our lives is very positive. Quick transaction costs, labor, money, time, safety and people keep their own property. And it is the trend of the times and increasingly applied in the business through the blockchain system. So i think in the future Bitcoin can completely replace the banking transactions and replace the currency.

- You are thinking about a very high place and you should climb down because you talk too much about the benefits that bitcoin brings, special features can make it the future of banking but you are forgetting the reality and the challenges that bitcoins are facing. Bitcoin has never been fully exposed to everyone in the world, it is still a strange character and being listed on a government blacklist, a product that should be removed, it can not become the future of banks, the challenges are too great and beyond its capabilities

[hykenz]

Some people know and some don't know bitcoin that can be used for their daily lives,

[Bugatti73]

I wish that topicstarters words will come trueth. If  all will be fine, it would be very nice to change real-time banking system to blockchain system.

[ngamuk tok]

No, it can not be. To be a coin, he must be officially eligible for hands-on transaction.In that case, bitkines are only online transactions. It is eligible for bank transactions not be a bank

[Qeupe]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Fiat money has a big role since replacing the barter era and I recognize that nothing will replace its existence, but in this all-digital era a breakthrough is needed as an alternative to support and facilitate all transactions, especially transactions on a large scale, and I think bitcoin have the opportunity to take this role as a front-line digital banking instrument.

[solnce010515]

Bitcoin no, but other coins would be used. The bitcoin blockchain is not very fast for transaction. Everything is depended on goventmet politic also. I cant understand why many people dont believe in bitcoin, other coins and the same time accept webmoney and use for transactions (and for them its ok)...

[sneeze11]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

I think there is a possibility that bitcoin will be the future banking. Actually all the bitcoin worker wanted that happen because they find hard to convert bitcoin money to real money.

[Odlanyer]

Its good to hear that bitcoin is it the future of banking but i'am curious because I think its possible to happen associated with the bank or do transactions through the bank and still some government are not accept bitcoin to their country.

[Baimovic]

Its good to hear that bitcoin is it the future of banking but i'am curious because I think its possible to happen associated with the bank or do transactions through the bank and still some government are not accept bitcoin to their country.

at least the government can begin to receive progress starting from blockchain adaptation in their bank system, they just don't know the potential and difficulty of making regulations, but this is natural because transactions cannot be accounted for and are more identical to be carried only by individuals, so in fact many do not need a bank in the future.

[Denigmatic]

I really hope that's true, but I think banks are more tough opponents than the media. My biggest fear for bitkoyn along with state regulation of the cryptographic border is the manipulation of the market by banks or even governments. US Gov created the "Gold Club" in the 60s, consisting of several governments. They tried to keep the price of gold below $ 35 an ounce for about 5 years, until they had to abandon the plan, because it was too expensive.

[Anewor]

Replacing money could be a difficult thing to do. But it can act as a tool to facilitate payments and other related activities or transactions. We know money is something connected or set by each government for economic stability and cryptocurrency doesn't have to be controlled by any government so I think it will not replace money besides it is very much volatile.

[alexgreen2018]

It can be used but not necessarily. For it to be used in baking system it needs to be centralized which goes against its core foundation principle. There are many other banking coins like xrp, xlm which have a better chances of being used in banking sector.

[muneeb.zain]

Now a days many peoples are asking this on different platforms that it might be possible that the bitcoin and the banks stand side by side with each other but they don't know that these two are the two opposite sides of a coin if one goes up the other goes down so if bitcoin get involved in banking the banks have lesser margen for there profit and there costumers would be decreased.

[supelle.born]

Replacing fiat with bitcoin is utopian, and I do not think that's likely to happen. There is much more chance that bitcoin will become a reserve of value as well as gold.

[mkmittalg]

It will be possible because we are now in a digital era where everything is already online.

[ZonaCrypto]

Perhaps in 100 years it is possible, but not in the near future.  Bitcoin will greatly facilitate the movement of global money. It has the potential to become the first global currency.