Bitcoin is it the Future of Banking ?

[Vikingr]

In the news today - UBS has said that banks will never touch Bitcoin because of the money laundering implications. It makes sense actually. Unless regulators change their current position, Bitcoin is a strict no-no.

I am at the same opinion like you that banking and Bitcoin are very different. Banking has control in the banks but in Bitcoin no third person involve in any transaction. Banks has applied taxes and fees on other hand Bitcoin is free and no taxes apply on it. That is the reason many investors are joining Bitcoin and use it for payment method. As I am thinking Bitcoin should replace banks in future and rules over the world by the good polices.

[dragoz11]

I guess it is a long run in order for btc to replace money in transactions but I think it will happen soon or late if there won`t be a huge fall of it.

[Polonium]

I think it will take a very long time for  bitcoin to replace paper money as the main module of our  financial system, maybe it will take an era to completely replace that system. However, I beileve that bitcoin is truly the future of our monetary.

[OuterTech]

No. Bitcoin is not the future for Banking ). All bank in this world are being afraid of Bitcoin and trying to find out the way to make Bitcoin banned in the country they are located in ). IMO, Bitcoin can replace money but not the future of banking cause if Bitcoin will be legalized in any country, all people live in those country will never depositing their money into bank anymore, they'll spend all their money to buy Bitcoin and hold or trade for money cause they can get more money with Bitcoin than just deposit money to bank to receive interest.

[lepricoin]

I mind, it's still not so. Bitcoin can not compare with the speed of simultaneously processed transactions with the banking system, but with the technology of Blockchain it is possible to increase security.

[millgates]

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.

If we talk about international transaction, bitcoin is much better than bank service. There is no limitation of amount that we can send, high fee or complicated procedure. We only need internet connection which it is very easy to find, transaction is done only by few click, and usually bitcoin transaction is confirmed less than 1 hours. We can't ignore bitcoin as the best payment metodhe for international transaction.

[PandaMiner]

Bitcoin will become one services of Banking. The Banks will release their service relating with Bitcoin. And if Bitcoin can improve its disadvantages, it will become the future of payment tool

[Ish_Rox]

May be yes.I feel like governments don't accept bitcoins for their banks.As main reason is they can't get any tax for transactions.

[Ilegendph]

No I don't think it will replace fiat as the governments just won't approve due to the lack of control they can have with Bitcoin. But hey I can be wrong, anything can happen in this strange little world.

Same opinion plus the fact that bitcoin reveals its weakness like slow transaction and too volaltile to use as currency. Bitcoin may become a remmitance and/or form if investment but not as currency

[DoublerHunter]

I don't think that bitcoin is appropriate to say that it is the future of the banking because if you will really see in the market and other sources for bitcoin, bitcoin is more fitted for being the future of the currency and the investment rather than being the future of the bank because bitcoin has a really great type of concept in being a cryptocurrency or a new form of currency and that is why it is more suitable for bitcoin to be just a currency.

[reda]

I don't think that bitcoin is appropriate to say that it is the future of the banking because if you will really see in the market and other sources for bitcoin, bitcoin is more fitted for being the future of the currency and the investment rather than being the future of the bank because bitcoin has a really great type of concept in being a cryptocurrency or a new form of currency and that is why it is more suitable for bitcoin to be just a currency.

Bitcoin is future of the bank it good to for the future transaction process. Bitcoin bank is useful to transaction process and saving for the future investment. Bitcoin is connect the all country and people improve the self. Bitcoin  is good for the all country people for the change the any country currency it connect all way to work to process. So it will helpful to improve the business process.

[THAHIRHAJI]

In future we can expect banking will accept bitcoin. Why I telling this because all the banks going to issue their cryptocurrency that time clients need the options of payment online. Only thing is that time bitcoin will not perform well because usage is legally accepted world wide. That's why I am expecting that bitcoin will be there in banking sector.

[gigatux]

It can be, It has potential, and I think that Bitcoin's value would scale larger through the years, I think that Bitcoin has the potential to be the future of banking, why not? It has helped provide bitcoiners alot, and because of bitcoin, some people has escaped the drought, that's why I think bitcoin could be very valuable.

[Omega Weapon]

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

While I'm positive about bitcoin future I do not think that is going to happen that easily, banks are not going to surrender I think that what we are going to see for a long time is the fiat system and bitcoin both running in parallel for some time, then once the current fiat system collapses governments will try to impose a new system but with bitcoin as an alternative the new system is not going to be as widely accepted as they want and bitcoin will begin to dominate the world economy.

[Bruno77]

Bitcoin the future of Banking is possible, but only if the governments and there specific financial body accepts it. But mostly they won't, as clearly many countries had already implemented regulations and many are coming with it, so it will be there with Banks in the future. Moreover many people are old school, and they won't rely completely on Bitcoins regarding transactions.

[kenjohannes26]

Bitcoin is a bank, a bank is a bitcoin. Bitcoin has his own bank, so we need not be afraid. And now, bitcoin has become a popular means of payment, moreover, bitcoin is a valuable asset.

[CyNotes]

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

Not all people believe in bitcoin, they will choose banks to store their money. Other thinks bitcoin was scam and not legit. It is free will to judge somebody or anything so we can't do anything about.

[ed_Berrington]

It can replace ordinary money, but only if the government approves it, and this is unlikely to happen.

[Stanlymaker]

Specifically, bitcoin - will not be a substitute for ordinary money in the banking sector. But at the same time, any other, alternative currency can do it.

[snipetr]

Now a days in some countries bitcoin used as payment system, so it work as exchange for goods, like a money. But it will not take a position of money in banking. As it has no physical appearance so difficulties in banking transactions. Also it is open to all and doesn't have control of any authority, difficult to come under regulations of banking.