Bitcoin is it the Future of Banking ?

[AliMan]

in the event that we say that bitcoin is the future bitcoin managing an accounting framework it will  be wrong on the grounds that the value exchange in fait cash is too low and that of bitcoin is high likewise the rate of exchange in fait cash is too high and that of exchange rate of bitcoin is too low additionally the variance cost of bitcoin is making substantially more trouble for it.

I definitely believe in what this quote says because I have a confidence in bitcoin. Well I'm just so proud of this system and I really believe to its potential. We can't deny the fact that it is indeed great and has a bright future. Hopefully someday it will be able to reach its full capacity and then we'll all see how it performs as a bank.

[ShowOffoN]

Bitcoin is does not have any relationship with any bank at all nor any entity. It's a digital currency not regulated by any banks therefore cannot be compared with transactions with the banks. Now, if your question is if can be accepted for transactions like payments, some establishments already do that.

[Sinancre]

Of course, because the world will be global, and there will be a single state, so btc will be the main currency. bitkoyn has become so popular that it will be the future of banking so soon. I hope everything will be better for us.

[TradeParty]

Still more people depend and relay on banking system for transition but day by the mentality is start changing and people start transition through bitcoin because it is very fast, so we can expect this.

[Sam San]

I think Crypto is not possible to replace banks, because Crypto is not an institution, or an organization like banking, it does not have rules in writing, even the identities of its users cannot be traced, so how can Crypto replace banks which in reality are full of government regulations and controls but I hope Crypto and banking can complement each other's weaknesses

bitcoin can be very well used by banks as a means of investment and as a means of hedging. gaining momentum futures and perhaps the future of the funds that can be used by banks.

[Crypto11021]

No I don't Bitcoin will replace Fiat because both don't have anything in common, bitcoin will only serve as an alternative for transaction purpose especially international transaction as people don't like converting currencies which incurs charges.

[rancakadu]

impossible and will never happen, it's a pity because bitcoin is just a digital currency that might not be used in the real world. Virtual stays are different from real currencies. unless bitcoin is legalized by the world government as a global currency.

[kakaty]

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.

[jatin729]

Yeah i agree with statement that crypto is the future of banking as we all know it is one of the best technology Which is non hackable, transaction can't be edited once it has done. So i think today's banking industry need blockchain in their system even some of banks are actually working on creating platform which can be running by blockchain very soon.

[rinkeshkashyap01]

I think it can not, bitcoin replace fiat money completely. Bitcoin prices are not stable and bitcoin also has no physical form, I think bitcoin is more suitable for long term investing place.

[badaovodich]

Users are using electronic money that is everywhere in the world, even turning it into cash when needed. In the form of Bitcoin, Ethereum ..., this is also a source of financial investment efficiency. Denmark could become the first country in the world to completely use neither paper money nor coins; If the proposal of full use of electronic money in government transactions is advocated to become law. Not just Denmark, but in many other European countries, the trend towards digital money is also on the rise. Specifically, in Norway, cash is only used in 5% of transactions. So electronic money can be a substitute for the bank.

[chaoscoinz]

   I thought the whole point of Bitcoin was to move away from traditional banking and adopt a more people centric decentralized financial model. Either way, whether it becomes a bank instrument or not, the blockchain is the real prize. It has changed the way in which we can use a ledger. It's decentralized public and transparent model is being used now in so many different ways. Big companies are now interested in the blockchain technology, including some banks.
   I think Bitcoin 2.0 will be derived from a blockchain 2.0. Either way there are a lot of blockchain based projects cropping up as of late.

[jaydenbox]

Hopefully it will, that was the point of it at the end, to have a payment method where no one needs to confirm it and payments are faster, even thought bitcoin txs take a while, there is no need for someone to confirm anything.

[Regeal414]

I  don't surmise that bitcoin will supplant cash in exchanges and furthermore I don't imagine that bitcoin will be related with the bank. Bitcoin won't be controlled by banks or whatever else. Bitcoin has its own particular manner to proceed to possibly and accomplish a decent future. That is my feeling

[muneeb.zain]

i probably think that the bitcoin and the banks do not stand side by side with each other because if banks start to deal in the bitcoin their profit would be reduced and they have to compromise on their terms and conditions so which i think they won't let it happen.

[blokceyin]

I think it will be used with fiat together and will be really common and that will be sooner than we think.

[stiffbud]

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

Yes of course bitcoin is the future banking and many advantages of bitcoin help it to become the future bank. Bitcoin transactions are smoother then that of bitcoin. You can transfer money anywhere of the world without help of any third party like banks and it is also more secure and safe too. You can transfer money across the border with out any kind of trouble with bitcoin. Bitcoin transactions are safe and also charge low transaction cost then that of banks.