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Author Topic: Bitcoin is it the Future of Banking ?  (Read 5821 times)
Evil eye
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August 14, 2018, 12:31:41 PM
 #861

At this time some bank are accept bitcoin transaction. But many countries banks are not accept bitcoin. Now bitcoin is most favorable currency in online exchange market. If all bank accept bitcoin so it will good dicision for botcoin and crypto industry. I hope near future all the bank will accept bitcoin transaction.
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August 14, 2018, 12:38:06 PM
 #862

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

We can say the two are the same.. We know that bitcoin is the future because paper money will not be too available for used. But bank are still needed, because sometimes not everywhere you can start doing online transactions. It take might time before people will be use to this new technology which is digital currency. So my point is that both will be needed, we can't go without one.
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August 14, 2018, 03:20:51 PM
 #863

Today it is already actively masters maps are being introduced into the crypto system! a lot of banks have found great advantages in the crypt world! very convenient and fast payments help you to quickly interact with each other! I think in the future crypto world and banks are not disruptive two things!
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August 14, 2018, 03:44:02 PM
 #864

That is one of Bitcoin's objectives, precisely to replace money and currently there are a lot of sites that accept Bitcoin, so it can be used on a daily basis, the only thing you have to value is its market price to analyze how much we are paying for a good or service.
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August 14, 2018, 03:56:27 PM
 #865


Why not? When applying blockchain technology to management, all transactions become easier, more reliable and more equitable for everyone.
The use of BTC to trade will be more popular, more convenient. The difference in money is gone, instead we use a common currency. Convenience will be accepted and used widely. Cool Cool Cool
Ayush rana
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August 14, 2018, 04:05:31 PM
 #866

Bitcoin can't be future of banking sector, we can say blockchain can be future of banking because we have seen blockchain applications in different sector including bankings.
last year Barclays introduce blockchain in their banks. similarly in future there will be new development in banking sector.

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August 14, 2018, 04:18:54 PM
 #867

Bitcoin can't be future of banking sector, we can say blockchain can be future of banking because we have seen blockchain applications in different sector including bankings.
last year Barclays introduce blockchain in their banks. similarly in future there will be new development in banking sector.
I'm not sure if bitcoin works the same as a bank, because I think bitcoin is unstable, and is always used as a means of payment, and investment. different from the actual bank function, which is only used to save money that we have safely, and the government is responsible for the bank.

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Harith65
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August 14, 2018, 04:39:30 PM
 #868

Bitcoin is the future of investing. Investing is most important to future. People are investing in banking but profit is smoller and people are disapointed in banking. But bitcoin investing is most profitable during the short tearm. But there is a risk also with investing in bitcoin because  of the price plactuating. We have to keep eye on if we invest in betcoin. Those are the reasons between banking and bitcoin investing

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August 14, 2018, 04:40:39 PM
 #869

 All countries will not agree with bitcoin to replace the financial system, but there are interesting things to discuss if the government applies vitrual currency and adopts blockchain technology. read:Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong. What do you think?

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delegend
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August 14, 2018, 04:48:40 PM
 #870

Bitcoin is taking over the monetary world..it's difficult to believe but that's the truth.
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August 14, 2018, 05:01:18 PM
 #871

It can be banking sector, activities carried out in a bank are done in the cryptocurreny market. its more of investment and means of payment which is what the banks entails, there are cycles in the banking sector which also are in the bitcoin market.
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August 14, 2018, 05:02:39 PM
 #872

All countries will not agree with bitcoin to replace the financial system, but there are interesting things to discuss if the government applies vitrual currency and adopts blockchain technology. read:Central Bank-Issued Cryptocurrency Round Up: IMF, BoE, Hong Kong. What do you think?

that means from there we can draw conclusions, if this blockchain technology can be applied to banking, not bitcoin,
bitcoin is just one form of digital assets. it's just my understanding, please correct.
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August 14, 2018, 05:07:21 PM
 #873

fiat is fiat and that is the difference between bitcoin and the traditional way of banking. I don't see the two coming together. let just say bitcoin is a digital form of using money or investing. it is just left for these banks to adapt to the use of blockchain
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August 14, 2018, 05:11:04 PM
 #874

Certainly bitcoin is the fate of the managing an account, if bitcoin replaces fiat cash totally I figure it can not, we know for ourselves to utilize bitcoin we should have web get to and different gadgets that can bolster and furthermore bitcoin costs are not steady, we additionally know not all spots can get web get to, and bitcoin likewise has no physical frame, I think bitcoin is more reasonable for long haul contributing spot. Bitcoin later on would be so effective.
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August 14, 2018, 05:14:52 PM
 #875

Nope, because bitcoin is totally against the banking and government system. That way, bitcoin will never replace fiat money.
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August 14, 2018, 05:25:19 PM
 #876

Well the blockchain is the digital bank and bitcoin is the future of all transactions most especially online transactions due to is flexibility and secured mode of transactions base on the block chain. But even at that the traditional financial institutions will still remains relevant in other for a free and fair world.
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August 14, 2018, 05:30:51 PM
 #877

it looks like it can be said that way because bitcoin is now able to save the most secure money is very secure and does not require a monthly fee. Cheesy Cheesy
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August 14, 2018, 05:39:40 PM
 #878

Bitcoin has great future and good investment platform, in this current market situation will change, its just a correction of market, more people believe including me price will reach $50k by 2020 so if you buy bitcoin at $8k it will be good profit in 2 years, and now days more people are interesting in bitcoin and crypto currencies, big investors will come to the market this current market situation will change, let see Bitcoin is very big help to people and they tent to buy bitcoin because of its value, worth and capacity to help a human being, and just think about the reality, the people are basing their life to the reality that they saw and that thig is a very big part.
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August 14, 2018, 05:48:09 PM
 #879

Bitcoin is unlikely to become the future of banks, banks will not venture to use bitcoin for their transactions and payments.

In my opinion, with bitcoin, we don't need a bank because we have our own wallets and can make transactions more easily. But I believe banks still survive because banks have a lot of experience in the economy and are able to adapt to any situation. Because the supply of Bitcoin is only limited I think bitcoin is an asset rather than a currency. Like gold, people will accept if it is used for payment but it will not be practical and I believe that future bitcoin can be accepted for transactions.
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August 14, 2018, 05:52:31 PM
 #880

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Well, what does bitcoin have to do with banking? Absolutely none. Bitcoin can not replace banks. This is ridiculous. In addition, how money can be replaced by transactions. Money is money. A transaction, this is the transfer of this money.
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