Bitcoin is it the Future of Banking ?

[Labib1]

Bitcoin will replace fiat in the future, but it takes a lot of time. I think the future of banking will be in the hands of bitcoin. Bitcoin will have its own way to stay attractive and more popular.

[Ashong Salonga]

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

For me bitcoin can be the future of banking when all the people in this world will put or invest there money with bitcoin. And also for me bitcoin will really need atleast 50 years before it can replace the real money in this world. But i am confident bitcoin is the future of this world.

[Posteruma]

I dont think Bitcoin just one cryptocurrency would replace banking system. But possible blockchain will adapt to banking or replace as well.

[android17]

no, definitely not. Of course, it's getting more and more popular. lots of people like the system of blockchain. I don't know for sure, but I know that they use blockchain technology, and maybe soon fiat's will use blockchain in order to create theory own crypto. so let's live and witness the changes, and there are going to be lots of them.

Definitely not, bank cannot be replace by bitcoin because of many factors like in bank your money is guaranteed secure, while in bitcoin its safe but not totally safe from hackers. And in bank, you can get money easily unlike in bitcoin is not. If you gonna ask what would i choose, i go for bank.

[cryptopranto]

It's a NO.. If the market manipulation runs on like the present time.. I think it'll be hard to get the ETF..  and Also people won't trust btc as currency before it shows stability..  Because currently btc is acting like assets.. Not the Currency..  So you can't even think gold can replace dollars.. Because they are assets.

[cloudbleron18]

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

Its a big no!bitcoin maybe the popularity will moving on but I think our Government does not like it because if they wanted to,they need first the approval of the Government officials.

[xWolfx]

Block chain for sure is.

I believe Bitcoin will have a good future in investments and probably transactions, but we need to see. Depends on how stable it gets in the future, then it could be used to everyday transactions.

However, that will mean trading won't be nearly as profitable. So if someone likes trading, you better do it this years before a possible stable Bitcoin arrives. Remember, trading is extremely risky if you get desperate and sell at loss.

[satana_igor666]

It can not replace the Fiat, but it can become as a small change in currency, which, if desired, you can perform transactions.

[BitcoinPanther]

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

Can bitcoin replace money in transactions? Well, it already started to do so.

We are already in an era where we use bitcoin to send fiat money to another person or to our account itself, top up our mobile phone load wallets, buy items online and even pay for gaming shells.  There's already a lot of practical utilization of bitcoin which are available even to non-crypto users.  In fact even altcoins such as ethereum is already being used for direct payments for online purchases.

But when it comes to bitcoin replacing conventional banking or the two merging together, i am honestly skeptical. Primarily because the two have different designs and different architectures behind them.

While bitcoin rallies for decentralization, banks are more efficient centralized. When blockchain proves to be immutable (and many deemed this attribute to be very useful), banks somehow offer a reversal of a mistaken payment or transaction. The technology behind bitcoin does have its practical uses but for us to see banks using and applying them might take some more time when design and architecture of both are ready to compliment each other.

[alexgreen2018]

We cannot say that bitcoin is future of banking. There are many other altcoins who primarily focus on banking sector and their platforms and systems are pretty much optimized for banks and financial institutions. 2 of them are xrp and xlm.

[Ladysmith]

Actually just talked to a friend about this yesterday who works in investment banking. People still don't understand it in general and are are little scared because it's so unstable, but that doesn't mean they aren't interested. They ask a lot of questions but it's a little early to say that it'll be "the future."

[bellator66]

if someone likes trading, you should do it this year before the possibility of stable Bitcoin arrives. Remember, trading is very risky if you are desperate and sell at a loss.
that means trading will not be as beneficial.

[svetochka.yakovleva.93]

Today, a lot of banks began to cooperate with bitcoin and the entire crypto system! I was recently at a conference where one of the bank's directors said: that those companies that do not start implementation in the crypto system, these companies will soon die!

[normal.80]

I think that this is the future not only of the banking sector. I am sure that the blockchain will take many positions in the economy as well as in politics. But it is only talk.

[stewart2012]

Well, i don’t think so. Bitcoin is something totally different in my eyes. But maybe it might cause some changes in banking sector. Anyway, the current situation of the market makes me worried about everything lately.

[dad4]

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.

I like your open mindedness. I will just remind you quicky, don't forget American govt. tried to control the circulation of gold in the 17th century and placed some policy to limit its distribution.
Morale lesson: Nothing great comes through easily, without criticism and scam about it.

[dad4]

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.

I like your open mindedness. I will just remind you quicky, don't forget American govt. tried to control the circulation of gold in the 17th century and placed some policy to limit its distribution.
Morale lesson: Nothing great comes through easily, without criticism and scam about it.

I can bet, countries like India and Pakistan will end up having there own government issued cryptos. If they back it up with wealth and purpose it would challenge at the top three and elevate there economy.

[mmo_online_1981]

New blockchain technology is the future of the Bank! Be it bitcoin or any altcoin that meets the needs of the community!

[Malintha1996]

I think so yes.In future the fiat currency will cease to exist.Only digital currencies will be used for transactions.The omens of this are already here. Few of world famous co operations are accepting crypto currencies for their product beacuse of the efficiency, security and phase embedded in to crypto currencies by block chain.

[gooddly]

I think so yes.In future the fiat currency will cease to exist.Only digital currencies will be used for transactions.The omens of this are already here. Few of world famous co operations are accepting crypto currencies for their product beacuse of the efficiency, security and phase embedded in to crypto currencies by block chain.

This is you looking into a very distant future. Mankind can not yet refuse from fiat money, it is too accustomed ...