Bitcoin is it the Future of Banking ?

[lestariptr]

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

I think bitcoin will not replace the fiat currency. And also bitcoin will not depend on the bank. Bitcoin will not be controlled by the bank. So bitcoin will not work with banks. Bitcoin will have its own way to stay attractive and more popular.

[richardson1128]

Suddenly not. Fiat is the most convenient way for most people in terms of buying/selling physically so it cannot be replaced, maybe it will but not today. And most probably it will no longer be named as bitcoin when that time comes.

[sanjeevbaweja]

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

Yes , one day in future bitcoin will be alternate of fiat currency

[bitcoin2048]

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

We cannot say it for sure, we need to wait for  while, and then we will see, is it mandatory for banks to integrate bitcoin to their current system, or they will continue to perform the same.

[Indai24]

The rise of Bitcoin ATMs clearly demonstrates the advancement of digital payments. As a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common.

I agree. Cryptocurrencies may have different consensus protocols for verifying transactions, but all of them provide enough functionality to perform banking functions. So yes, a virtual currency can indeed replace the need for banks in the future.

For me that's very impossible because they do have different system. Bank do follow verification process as mandated by federal law however bitcoin don't. But I guess if bank will allow why not?

[Ava Duvall]

work with the bank yes, help people make worldwide transactions easier. but replace? no, t would be too difficult especially for 3 world countries

[Hkim21]

I think for the system it may be, but for ownership arranged by a bank I think it is impossible, because the only thing that can manage bitcoin is blockchain because it is centralized and belongs to all bitcoin holders around the world.

[Linggis]

In my opinion, it is possible if Bitcoin will replace the conventional currency.
Bitcoin has now become a digital currency that has undergone research and has been extensively researched about its superiority as a digital currency.
I think Bitcoin will be used as a global currency.

[tronghai12345]

Yes. I also believe in that.

Blockchain offers fast (not super but still fast) transaction.
The transferring fee is crazily low compared to other services of sending money abroad. You can pretty much stay in Europe and pay your friends in Australia some money in couple of minutes.
The security is very good (As long as you send to the right address).

With all these facts. Bitcoin is the future of banking and financial services.

[Ahmadarwani56]

yes maybe one day will happen. but it takes a very long time because it is not easy to be the currency of a country because there are still many shortcomings in bitcoin .

[richpham]

Bitcoin will not replace money for early deals. Coins may change in the future but blockchain is still the main driving force. You can keep an unlimited number of coins in your wallet and have lots of wallets there. No atm or savings book. If bitcoin replaces fiat money completely, I think it's impossible, we know for ourselves to use bitcoin, we must have internet access and other devices can support bitcoin and unstable prices.

[Matic]

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

I do not think that there is no country that wants to replace its currency with another currency, only different bitcoin - a digital or virtual currency, the value of which can not be influenced by the state government. In the future it will have nothing common with banks.

[Choy13]

It won't happen. If you want the bitcoin will be our future of banking its like we give the bitcoin to our government. Its like we risk something that is more important. Its better that it will continue like this. Being legal but not holding by the government.

[arabellascott21]

I don't think so since use of bitcoin doesn't really need banks. And for me banks will not try to use bitcoin since it is not stable and very volatile.

[Chetan04]

Bitcoin very much has the potential to to take over all banking systems in the future, bitcoin is still in its infancy and has a long way to go before it can really take over all banking systems. What that means though is that right now is the perfect time to get into bitcoin.

[Brenda Karenn]

I don't think Bitcoin can replace fiat money transactions. Governments are organizations operating the financial system. As long as they accept Bitcoin, there's nothing like that happen. But the prospect they will get rid of the money they issue to give way to a decentralized infancy money is pie in the sky.

[vakie1]

Bitcoin is unlikely to ever be used for banking. For this, there are individual altcoyins, such as ripple. Bitcoin can only be used by banks to exchange and other transactions in order to extract their profits from this. For banking, banks and their associations create new tokens, which will be more adapted to serve banks.

[Cynthia Andradee]

No. Bitcoin high volatility hampers it from being a reliable methods of payment. Therefore fiat money is still needed and transactions provided by banks are still indispensible. Also, I don't think governments are willing to replace the money the Central Bank issue by an infancy cryptocurrency like Bitcoin

[maliclaire]

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

Yes! Bitcoin can be the future in banking, but replace money in transaction to bitcoin, i don`t think so.  I think government disagree if some people or lawmakers proposed to replace bitcoin as a money in transaction.

[kangbasir]

I think bitcoin will not replace fiat currencies because I think that Bitcoin is destined to be like gold It can be a very valuable commodity in which investors can protect against falling stock markets.