Bitcoin is it the Future of Banking ?

[CrypTM]

We all know for a fact that bitcoin follows a decentralized system and it is somehow the exact opposite of the system that banks are following.

[gorkin0606]

I think not. But the technology of blockchain can greatly change the world of finance and our life.

[kelenikels]

I do not agree with you,our government will strongly disagree because they can not let everyone use money freely or use whatever they want for things that are very bad,the government wants to control the money or set it up to avoid bad things that sort of thing happened.with the existence of this crypto technology, a payment is made directly without an intermediary through the network. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography.

[FedorIzmailov]

perhaps not banking, but then what is the future - one hundred percent

[fordrenok]

I think that in the near future this will not happen. People all over the world only recently got used to banks and the use of plastic cards. Many does not even know what a crypt is at all Therefore, even if this and it will happen, it's only in the future.And of course bitcoin will not be controlled by banks or government. That is the reason that bitcoin in the future will not be able to work with banks.

[maknassy]

We notice that bitcoin is become so much popular compared to the last years. So, i think Bitcoin can eliminates central banks and their complex schemes and blockchain technology will be  the future of banking, but the problem is The fiscal policy of some countries.

[Afonos]

No,I think its not possible because Bitcoin and Bank are different Bitcoin only online transaction and bank is also do ofline  transaction  Bitcoin and bank are used different process.

I think bitcoin is hard to get into banking, because the system is different. In banking there are creditors, debtors, interest calculation, transaction fees, interbank agreements, names of money owners in the bank, and so on. While in bitcoin transactions everything is online, easy and fast. Bitcoin does not recognize names or identities that must exist as in banking.

[fianaindriati]

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

I think in the banking system that bitcoin is not included in it, because in bitcoin it is only digital money or money is not real, so if to use dibank it must be real financial, because the bank is a place of real money and proven money.

[faith400]

in my own view,The bitcoin system is ahead of its time for sure with the use of an auto-updating mechanism that makes it impossible to breach the public ledger. Only those with the keys needed will access their data as opposed to the archaic bank methods. The use of bitcoin to manage internet of things shows its application can go beyond the technical world and into the everyday world

[mr.bean865]

It can or it can,t be because bitcoin continues to give us surprises again and again. Its become much popular in all over the world but even after this popularity it can not be said that it will become future of banking due to such a downfall in his rate.

[olalaMaty]

The future of bitcoin is not that of banks. It is very important now that governments accept bitcoin but they still consider bitcoin to be a digital levy that we can invest and levy.

[Kay28]

its the future but the bank will only trust crypto currency when its regulated or approved by the government so it can be trusted and reliable.

[1van__]

yes, the banks definitely will not pass by cryptology, this is a great idea

[jacksonhen]

Banks and bitcoin are two opposites. Banks become intermediaries between buyers and sellers to be able to make transactions easier and from there the bank takes profit of each customers. Different from bitcoin that wants to make transactions easier and cheaper without going through intermediaries and making users have full rights to their transactions.

For bitcoin legalization I think it is necessary to establish a new department in the government and they will work with the bank to create a new payment system.

[Genamant]

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

Bitcoin will stay as it is. A mode for transferring money anywhere around the world. But it will not be and cannot be a replacement for banking institutions. Bitcoin can be a means of investment or if you just want to keep Your money. But it will never replace banks and government currency

[Sexie]

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

I think , not possible yet in all transaction. It is limited. I think bank is good as a Bitcoin exchanger and Bitcoin deposit  like the bitpay , paypal, bangkera and other banks accepting Bitcoin. They convert Bitcoin  into cash. Some companies also accepting Bitcoin as their payments . In that way, it is possible in online transactions. On the other side , we still need money for Daily needs without using any gadgets. Easy to transfer to other people. It can not replace money totally but it can  Help global economy.

[alex.ac.ab]

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

It is unlikely that this will be the banking sphere to which we are accustomed.

[acord00]

I think until whenever bitcoin can not replace the banking system. Bitcoin will not be the future of banking. I say this because now the bitcoin has still many limitations in use as a means of payment and transaction. Bitcoin must make a lot of improvements before the wider community is accepted. But so bitcoin will only be complementary with the banking system. Perhaps that could replace the banking system is blockchain but not bitcoin.

[Deepak82740]

I think it not the high time for the bitcoin for the banking but in future it can be the future of banking, Bcoz in some of the places we can use the bitcoin in order to purchase something as like electronic banking.

[Ezenwanyi1]

Bitcoin is simply the future , still many do not believe it when i say that.
They dont have to believe anyway.