Bitcoin is it the Future of Banking ?

[nivea23]

For my opinion it is impossible because one of the reason is the bitcoin value is not stable and we cannot widraw our money if the price is low. Banks i think will not gone, yes we can say that bitcoin is safe but we cannot use it for our emergency wallet, we dont want to lose some of our money right? So for me bitcoin is just for investment and not for banking.

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[thangthoa]

There are too many other points and difficulties in talking about bitcoin and banking

[tungaqhd]

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

It cannot replace money transaction in future but its technology can do it. Many banks in my country have succeeded in sending money in blockchain system. It is more secure, fast and convernient than using traditional way.

[Corvin17]

Due to lots of upgrade and changes of technologies that we are facing right now we can't close the possibility that one day Bitcoin affects our Banking system. There will be a lot of progression of the current state of bitcoins and cryptocurrencies. Well who knows when will it be.

[Mazda17]

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

Actually good to me if you see bitcoin join the banking because it will invite many people interested to mengikuinya let alone there must be a good future after they both work together because both bring many benefits and benefits for many people.

[duynguye676@gmail.com]

For banking, the future in bitcoin is actually the blockchain technology. The coin may change in the future but the blockchain remains the main driving force

[Dr.Nina]

There is a huge opportunity for bitcoin to replace the fiat currency. But it will not be so easy. To replace the fiat currency the bitcoin have to long run to go. It has to accepted by most of the government of the world. We have to do lot of things to accepted by the government. Firstly we have to increase the online use of bitcoin. If most of the online transaction take place by using online then the government will accept bitcoin easily. Another things is that the price should be stable. And many more with the changing situation.

[renata.tuncha@ex.ua]

I think that banks will invest in some Token Sale projects and will support it how they have done with interesting startups And you? And I have found a really safe application. It calls Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level.

[billygarrison]

I also think of bitcoin can replace banks and also money,
bitcoin is safer to donate because corruption can not take money Because do not know the password ID wallet and do not have email or 2FA authority,
so bitcoin is very safe to make a world safe currency and can eliminate corruption like in my country

[nonconformist]

I think in the long run maybe a 100 years from now crypto will totally replace fiat. But I am not sure if it will be bitcoin. It is possible that it is a new cryptocurrency that will replace btc. The banks will stay in power but their power will wane little by little. So it depends. Maybe the use of bitcoin will be sped up when something unforeseen will happen like a war.

[Romanlevi1980]

no,i don't think it will be the future of banking because i think government only want to kill bitcoin, they don't want to let it legally

[Runtown042]

Well the future is quite unpredictable buy bitcoin has done well

[TheGodFather]

no,i don't think it will be the future of banking because i think government only want to kill bitcoin, they don't want to let it legally

I don't think they allowed it. we know that the banks are the number one enemy of the cryptocurrency. so I am sure they didn't allowed it and we know they they have a power to banned it or not allow in their country because of their government. government and banks have a big partnership because banks is one of the common need in the country to have an flow and exchange of the money.

[CJ7]

maybe yes maybe no.
depending on the stability of bitcoin later. the government will be hard to trust bitcoin if it still often experience very extreme fluctuations. market improvements are needed to improve the frequent busyness of a given time.
after fixing it, maybe it could be in the future there will be bitcoin bank. maybe.

[hometester]

I believe that while the alternative to money is not invented, and this place can take cryptocurrency, because it has the same properties. It remains only to wait

[Sirnero111]

To me i strongly belive that some day bitcoin will become the future of banking.One important consideration is that cryptocurrencies cannot be manipulated quite as easily as fiat currency, largely due to their decentralized and unregulated status

[Kimchu kuno]

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

no no no, not a banking but system behind the banking i think.
it help banking for any transaction, fastest sending fund, transparent transaction
it's a breakthrough for payment gateway,

when we talk about banking , automatically we talk about the system behind it , and all transactions with bitcoin realised by Blockchain . so the blockchain is it the future of banking system ?

Blockchain is the future of the banking system, but not the bitcoin's blockchain. Banks will develop their own blockchain, and they will use it to cut their costs on transactions and to speed them up. Bitcoin (and other cryptos) has some time now to grow and develop before banks go live with their own upgraded system. They won't tell people that they have developed a new blockchain based system, but they will advertise that their new system is quicker and cheaper, and that's all what people need, they don't care about the back end. If that happens, that will be a hard time for cryptos

It is possible and much appreciated banking of coins will become a future system needed.

[StuartJonson]

It is true that btc will play a very vital role in bank economy but it may not be the substitution for banks. it is only another method of transaction.

[cryptokitty]

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

I think, right now,  it is very impossible to replace money in transactions because some countries already set some law and declared it as illegal. Maybe,  in other country and in some transactions it will replace by btc instead of money like in payment of bills.

[Victorik]

I believe bitcoin will ultimately replace fiat in banking by 80% in the near future. The bankers are only postponing the doom day of their walking dead fiat. Time shall tell.