Typical banks, will they ever take Bitcoin seriously?

[johnwing]

Typical banks, will they ever take Bitcoin seriously?

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[liuqi]

Typical banks, will they ever take Bitcoin seriously?

Many banks adopted and implementing blockchain technology to securing the banking.
Some months before Citi bank new york announce that they gonna implement the bitcoin payment as a deposit for the banking and they gonna implement new coin for them called citicoin. Swiss bank shows adoption interest to the bitcoin. Wait for some months.

[mifanmuzny]

In the near future they have to implement and get used to BTC because fiat is getting extinct thats for sure  

[paolo099]

if banks will start to accept bitcoin, for me, it wont be a good news because that means BTC will be regulated, with the power of banks the whole concept of BTC/decentralisation and stuff like that will be wiped or twisted into something they want.
At that point, BTC will become another currency being regulated by government, laws and politics.. i dont think community would take it as a good news.

[johnwing]

if banks will start to accept bitcoin, for me, it wont be a good news because that means BTC will be regulated, with the power of banks the whole concept of BTC/decentralisation and stuff like that will be wiped or twisted into something they want.
At that point, BTC will become another currency being regulated by government, laws and politics.. i dont think community would take it as a good news.

Well, i don't see in it - nothing bad. I think it just make cryptocurrencies more public. For me, that will mean that my grandmother would have a possibility to use cryptocurrencies and pply it seriously. 

[eckmar]

if banks will start to accept bitcoin, for me, it wont be a good news because that means BTC will be regulated, with the power of banks the whole concept of BTC/decentralisation and stuff like that will be wiped or twisted into something they want.
At that point, BTC will become another currency being regulated by government, laws and politics.. i dont think community would take it as a good news.

How did you come to that conclusion ? If they start to accept it you may use their service or you can just continue to do what you are doing now. I don't see in which part is Bitcoin getting regulated if you don't use Bank's service.

[dietmarfritz59]

I feel like they will have to the bigger it gets.

[Karakyli]

Now many banks have already ceased to ignore the crypto currency and seeing its tremendous support from the public, began to look for ways to approach it and possible methods of using it for profit. Some banks provide services for buying and selling and exchanging crypto currency, in Japan they even try to make a single bank card for crypto currency and ordinary money. I think in the future the range of such services will significantly expand and banks will have to play a significant role in the implementation of the crypto currency in all areas of our lives.

[Yakamoto]

Typical banks, will they ever take Bitcoin seriously?

Nope, in most cases they have no reason to do so because they are protected by the government, due to them being involved in the entire fiat scheme. If they had to actually care about what they do and make sure that their business would perform well against everyone else, then they would care a bit more, but they all work together and there is little variation between all of them, so they have no need to try and compete and make themselves more attractive. This collusion makes sure they will never care about Bitcoin till it is either too expensive or it is too late, or if Bitcoin fails entirely, because there is no need for them to care right now. They revenue they bring in is fine for their needs and they likely will never need more.

[kazukino1111]

I wouldn't say that

[Iranus]

I would say that they're already "taking it seriously" enough to consider any potential applications of blockchain technology in financial services.

It's important to distinguish between taking BTC seriously (most of them already are, even if they don't like the speculative nature of it and they would rather preserve fiat currency), and liking it.

fiat is getting extinct thats for sure

Pretty bold statement.  IMO that's extremely unlikely because fiat currencies are something which banks have control over. 

It's certainly not a reason for them to treat Bitcoin differently - if they were actually afraid of that happening, they would be far more hostile towards Bitcoin than they are now.  Compared to what they could be, I'd say they're fairly neutral right now.

[Mike Mayor]

I think they already are because they starting to get worried.

I would say that they're already "taking it seriously" enough to consider any potential applications of blockchain technology in financial services.

It's important to distinguish between taking BTC seriously (most of them already are, even if they don't like the speculative nature of it and they would rather preserve fiat currency), and liking it.

fiat is getting extinct thats for sure

Pretty bold statement.  IMO that's extremely unlikely because fiat currencies are something which banks have control over. 

It's certainly not a reason for them to treat Bitcoin differently - if they were actually afraid of that happening, they would be far more hostile towards Bitcoin than they are now.  Compared to what they could be, I'd say they're fairly neutral right now.

Fiat is crap let's hope it does go extinct. Who needs it. But I think the future will be split into people who like and prefer fiat and those like us that see the light and use cryptocurrency. It's so much easier in everyway to use cryptocurrency.

[pat4cryptoreal]

When the bank sees that they are behind the technological trend of financial system they will be force to embrace blockchain technology. Just wait and see.

[w5pn73]

If they can be part of the system, or share in the wealth they will most certainly take it serious.

[CrypticGambit]

No I think they will not take bitcoin seriously and will be always against it. Why? First of all bitcoin is an enemy for banksters because they are losing a lot of ground. Imagine what would banks do if all poeple from all over the world would withdraw their money and put into bitcoin? They would colapse, they already have huge loans from the goverments that they need to pay, whole system would have colapsed that is why I think they will never accept btc

[annanava]

Cryptocurrency in general was made right now to be independent and not depend on any institution. That's why the investment on it is right now so highly effective, and will continue growing up and up. The thing is to find valuable invests in which one can trust, just like propthereum.io

[ChinkyEyes]

They take it serious, but they will never tell that to the public. Instead they try to scare you away from it.
The next financial crisis will be much larger than the one we had in 2008, but will be great for crypto. People will store their wealth in silver, gold and crypto for sure when the next crisis hits.

[imstillthebest]

Typical banks, will they ever take Bitcoin seriously?

there were still banks that already approved bitcoins to use on  thier system, just like on our country here in ph. so i guess bitcoin will be
also accepted soon on some banks as long as more people are using it on that country although there are some reasons why banks are not yet accepting bitcoins because bitcoins are not yet popular globally  or they see bitcoin as a big threat to thier company.

[ladydark]

Banks would only adopt the block chain technology in which bitcoin works and not the bitcoin in future.They treat it as their biggest rival ever.Bitcoin has become the worst nightmare for them.

If they adopt bitcoins,it would mean that they themselves are terming their traditional service as not good.They won't wat to spoil their revenues which they get from transactions.

If banks adopt bitcoins,then it would be as if they were spoiling their own identity and uniqueness.

And they would never and ever do that.

[jtipt]

Typical banks, will they ever take Bitcoin seriously?

Probably never. BTC is a major competition to the banks, if btc becomes a major everyday currency like fiat, then banks will go out of business. So obviously they will never support BTC or take it seriously.