Bitcoin is it the Future of Banking ?

[Plus Ultra]

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

Not really. Bitcoins are concentric on P2P transactions. It mainly focuses on digital transactions and some other physical transactions that can be done more easily with bitcoins. I'd also like to add the fact that bitcoins have a volatile trend movement. It's very unstable for it to be a daily-use currency because of the sudden drop and flight of the price.

yeah i agree with you, because bitcoin have price fluktuatif so can't become future banking.
i just consider bitcoin as an investment place, nothing more.

[GreenBits]

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

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bitcoin is "money", but bitcoin will never replace fiat in everyday transactions. it may be some cryptocurrency, it just wont be bitcoin. consider: what would be the advantage of adopting a currency with an unlimited supply, that is already widely distributed across the globe? sound like the perfect way to allow foreign hostiles the ability to extract value from your economy. also, given empirically how volatile the price of bitcoin is (these last few days are especially telling), how well would that function as a national currency, used by all citizens? how would it feel to get your paycheck, and have it be worth 10 percent less a few minutes later because of "market conditions"

and without being able to make new coins, what if adoption (a whole country's worth of adoption) outstripes supply?

and how bad do you think the network will be with all those damned people using it?

[Gontxi]

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

I agree, but it will only happen to the internet world. not with the real world. I think like you, maybe the future will be a lot of innovation from crypto to us all.

[cutie04]

Yes bitcoin is my future that's why all i do to work hard in the bitcoin.

[bajigur894784]

In general I think .. that Bitcoin currently exists as an alternative currency, especially digital currency.

In terms of function, Bitcoin has fulfilled some of the functions of currency that is as a means of payment. because Bitcoin like a tool of exchange and paying tools such as gold, diamonds, banknotes, etc ..
but to replace the conventional currency as a whole, I think it's still difficult.

[bettor_earth]

No, it is the history next year.
The World will be back using cash instead

[rajon]

I think it is possible. It is a digital money that Bitcoin will once reach the banking phase. Bitcoin's demand is a lot now. I think the government can bring it back to banking at some time. Bitcoin's banking future will be very good, I think......

[Tiktik]

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

Its hard to predict the futute because some goverments hate this bitcoin because goverments scared about bitcoin that it can replace bank but i hope someday all goverment accept this and this is the best way to change the world.

[Gabrieelle]

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

Its hard to predict the futute because some goverments hate this bitcoin because goverments scared about bitcoin that it can replace bank but i hope someday all goverment accept this and this is the best way to change the world.

They don't like the idea of bitcoin because they can't control it. Nobody can control bitcoin because it is in the internet and nobody owns the internet. If a certain country will legalize bitcoin there will be also some rules or laws about it in which the population or users have to follow and they have to adopt it.

[tushin4]

I think it is the future of banking system.Bitcoin is accepted in many countries and the people are regularly using bitcoin for low fees,instant transaction and anonymity.Online marketplaces also accepting bitcoin payments.So there's no doubt that it is the future of banking.

[Alok_Yadav]

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

It’s really hard to predict.

If you ask me the technology of the future, it's certainly Blockchain which is the same technology underlying Bitcoins.

The main problem currently associated with Bitcoin is its transaction capability per second.

[NoNetwork]

It is not quite a good ring to the ear for me. Why not? Because first of all, Bitcoin is decentralized and I mean no one is controlling this kind of currency. So why the heck did you think that the future of Bitcoin is through banking? That only means that it going to be centralized, therefore the volatility of Bitcoin is no more, and eventually the hiked price that we are experiencing right now will just going to be gone.

[Duzter]

Right now there are few banks that operate on bitcoin. The implementation of blockchain technology is gaining importance upon most of the banking sector. So, in future banks will be operating completely on Blockchain technology same as our bitcoin. One thing need to be considered, new banks with bitcoin as operational source might exist, but banks won't get replaced.

[MD Milon]

Not exactly,but its the different form currency transaction ,online system.its not replacement of banking,but its another opportunity for everyone.

[Malamok101]

I think that's a good idea for you even if you just hold your money on bitcoin and you're still making a bitcoin to make your bank safe as long as your wallet is secured and you do not say it to others, that's a good idea for you to put in your money in bitcoin for investing is also safe because you only have your money on bitcoin and then earn it every month, or years.

[Argoo]

It is unlikely that banks will use bitcoin for the banking system. To do this, there is a narrow-profile crypto currency, such as ripple. Also, banks unite and create their own crypto currency, which will go inside this banking union. For these purposes bitkoyn not suitable, he has universal tasks and functions.

[thenameisjay]

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

I suppose it is. Bitcoins have revolutionised international money transactions with just a few clicks on the computer. As of now, we can avail of the benefits bitcoin has like decentralization, meaning no banks or countries can ever touch your bitcoins; low transaction fees; and bitcoins being untraceable. It is the future of money and international banking in my opinion.

[Om.monata]

bitcoin becomes the future of banking is not very suitable because bitcoin role is only suitable for money-like transactions. bitcoin will be more appropriate if only in use for trading and trading, trading and payment transactions. because bitcoin is not like money whose value can be stable, bitcoin is still up and down for the price.

[Samueltalk]

I think bitcoin is better for investment, whereas banks are just right where we will melt the results from bitcoin.

[fleda]

I think bitcoin is better for investment, whereas banks are just right where we will melt the results from bitcoin.

I agree because when storing bitcoin you got a lot of profit but with banks they are the ones who are being benefited not the people. Bitcoin has its own world, better than what the banks have. Replacing banks is impossible because it is what people got used to.