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Author Topic: Bitcoin is it the Future of Banking ?  (Read 5819 times)
mathew232
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July 11, 2018, 10:56:19 AM
 #401

yes bitcoin is a future banking because bitcoin based on blockchain and blockchain is transparent technology
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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July 11, 2018, 11:16:46 AM
 #402

If this condition continues for a long time which is bitcoin has expensive transaction fee, I think it will not happen. Even today transaction fee in the banks is still much cheaper than bitcoin.
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July 11, 2018, 11:25:08 AM
 #403

Why no longer, it's far pretty possible. however earlier than that, BTC has to greatly improve its machine. To update transactions with cash, it has to be an awful lot faster and much less pricey. At this stage, I think we can't talk about it, however it's far quite possible for the future.
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July 11, 2018, 11:28:28 AM
 #404

I don't think bitcoin is the future of banking, although many people now think bitcoin will replace banks, but now people are mainly speculating with bitcoin, and bitcoin does not have the power to challenge banks.
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July 11, 2018, 11:56:20 AM
 #405

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Blockchain technology is the future of banking system. Actually, there are now banks who planning to use blockchain technology to improve the current payment system. Digital society will only occur if mass adoption happens.
Bitfling
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July 11, 2018, 12:30:19 PM
 #406

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

Bitcoin supply only 21million and i think bitcoin is like an asset rather than currency. Like gold, peoples will accept if used for payment but it will not practical and i do believe in the future bitcoin can accepted for transaction.
With bitcoin, we dont need banks because we have our own wallet and can make transaction with more easily. But i do believe banks still survive because banks have much experience in economy and able to adapt in any situation
Grimjhow
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July 11, 2018, 12:37:01 PM
 #407

bitcoin for us a bright future, with us saving money and also making a lot of profit, as bitcoin prices are always rising better everyday.
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July 11, 2018, 12:43:01 PM
 #408

It will not even take longer before every one of the banking sector will join the use of blockchain technology, because it will really make their work to be running smoothly.

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July 11, 2018, 12:49:31 PM
 #409

I think that yes, bitcoin is the future of banking sphere and it will be the best one among the existing coins. I am sure that it is worth attention of traders and holders. I think that it is not possible to predict for sure but 99%

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Karie_Legend
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July 11, 2018, 12:58:48 PM
 #410

I think that yes, bitcoin is the future of banking sphere and it will be the best one among the existing coins. I am sure that it is worth attention of traders and holders. I think that it is not possible to predict for sure but 99%

This becomes a stock for yourself and makes a profit if you are smart to learn about Bitcoin price development.
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July 11, 2018, 01:36:34 PM
 #411

I think bitcoin is a new kind of economy, paper and electronic money will disappear sooner or later
dhanushilakshani
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July 11, 2018, 01:39:24 PM
 #412

I don't surmise that bitcoin is proper to state that it is the fate of the managing an account in light of the fact that on the off chance that you will truly find in the market and different hotspots for bitcoin, bitcoin is more fitted for being the fate of the cash and the speculation as opposed to being the fate of the bank on the grounds that bitcoin has an extremely awesome sort of idea in being a digital money or another type of money and that is the reason it is more appropriate for bitcoin to be only a money.
Saldom12
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July 11, 2018, 01:51:22 PM
 #413

I personally disagree with this. I think this is unlikely to happen, because the government will not approve because of the lack of control they can have with. Bitcoin or bitcoin can not be set by the government.
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July 11, 2018, 02:01:16 PM
 #414

No, I sure that Bitcoin is not the future of banking, you can see that Bitcoin prices is high volatility. If you mention Bitcoin's technology - Blockchain I will agree with you.
I think there will be a project which base on Blockchain technology and must sell its Coins or Tokens transparently and make its price is not high volatility so that Coins or Tokens can be use for the future of banking.
I think DAICO (a new way of ICO) can help us to do that. Bitcoin is just used to be instrument for trading between platforms, and the channel for us to invest Smiley
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July 11, 2018, 02:03:53 PM
 #415

maybe for now still not, so in the future would be very in need in a payment transaction in the form of debit.
Aleth
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July 11, 2018, 02:10:26 PM
 #416

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

I believe it is not just Bitcoin but the cryptocurrency itself be the future in Banking as long as digital money. because it will be a cashless banking by then.
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July 11, 2018, 02:35:35 PM
 #417

Bitcoin will not completely replace the banks but rather be an option for people to use in the future. because the bank has its own system, especially in determining the interest. But that might be the future of banking, because we are now in the digital age where everything can be done online.

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July 11, 2018, 05:41:26 PM
 #418

Too much for today is holding on cash. I am sure that Bitcoins cannot be faulted in the near future. Perhaps in a few decades, when the whole planet will move to the digital economy.
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July 12, 2018, 01:21:24 AM
 #419

Yeah it can be. It is not only future, it is present. Many banks are already considering to use blockchain for banking. Though, there rules would be different but it is still good.
chibimanau
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July 12, 2018, 01:39:44 AM
 #420

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

Are not. I do not think Bitcoin can replace paper money in transactions. But it can be used in parallel with the current paper money. If that happens, the world will change in a better direction. There are already many companies that accept Btcoin in payment. I believe in the future Bitcoin will be accepted by the whole world, and used for shopping.
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