Typical banks, will they ever take Bitcoin seriously?

[Givebirth]

Typical banks, will they ever take Bitcoin seriously?

I hope this. But recently in my country there are several banks that have bitcoin atm's and I was so glad that they accept bitcoin as deposit and withdrawal money. i wish all local banks will take bitcoin seriously buy I doubt because those atm's have limited bitcoin to withdraw and to deposits.

[aardvark15]

Typical banks, will they ever take Bitcoin seriously?

Some institutions will eventually take cryptocurrencies seriously. In fact, the upcoming Segwit2x fork is being orchestrated by a group that includes former government and banking executives. They are seeing Bitcoin’s potential and want the fork to take control of Bitcoin. As they say, “money talks” and as people see how expensive a Bitcoin has become and how high the market cap is, they are starting to notice it and realize there is something to it. Now they want to take it over.

[nidacoinlove]

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.

Yes exactly banks are not going to accept bitcoin as a major currency. Bitcoin is liked by its users that they got rid of the banks with bitcoin. Banks consider it a threat to them and as a whole to the financial/ banking system. Therefore banks don't support bitcoin as a currency, even at the time you convert bitcoin to fiat they will try to convince you to leave bitcoin.

[Jaya912]

Yes they will someday if they think bitcoin is their enemy.
So far the banks is still calm confront bitcoin.

[gabmen]

Typical banks, will they ever take Bitcoin seriously?

Right now they probably are. Jamie dimon took bitcoin seriously enough to release a public statement against it. They're likely wary of the capability of crypto especially now that its gaining popularity really fast

[udayantha11]

Bitcoin is decentralized no one controlling overthere. Bank is centralized one.. So if bitcoin accepted there need to be some modification.

Then they will accept

[milewilda]

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.

They are not totally adopting bitcoin but just an alternative and those banks are just using blockchain technology for their own good and convenience not totally on using up bitcoin since you do mention that they are creating their own coin which it is already an expected thing to happen on those banks would do. They wont take bitcoin seriously but rather they would mind on doing their business which they can make money even more which is on creating their own coin instead.

[cah ndablek]

Typical banks, will they ever take Bitcoin seriously?

If you look at prospects now do not close the possibility Even bitcoin will have many places in the affairs of the transaction in order to facilitate their users each want to take the results of various programs bounty quickly and efficiently.

[jseverson]

Whoever said that banks think Bitcoin is a joke? Them not accepting Bitcoin is them taking it seriously. It's a threat, and they're treating it as such. They have been able to get away with it so far because Bitcoin users are still in the overwhelming minority, but there may come a point when they have to accommodate it.

The first adopters are more likely to be able to make massive amounts of money from it, and I'm sure if one of them caves, the rest will follow suit.

[pitiflin]

Typical banks, will they ever take Bitcoin seriously?

You can't say, a few don't even know what  bitcoin is, some know what bitcoin is and don't even bother about it. Banks only like the concept of block chain technology, and most of them think that bitcoin is a bubble just like the housing bubble asset of 2005. A few banks are starting to think about developing their own crypto currency but I guess most of them will take a few years to implement it. So bitcoin is never of main concern for them because they think bitcoin cannot replace banks no matter what.

[soham]

Typical banks, will they ever take Bitcoin seriously?

definitely not now but certainly in future. Banks are looking at bitcoin as a huge threat to their business. With bitcoin's market cap crosses 100 billion mark which has not been channelized in banking sector, they started believing that bitcoin will most certainly ruin their business. So they are not going to accept the profitability of bitcoin in public. Instead they will refer bitcoin as a bubble and speculation scam.

However, digital currency is the future of our economy. So no banks will have the power to ignore that. But I doubt they will ever recognize bitcoin, instead they will try to release new products on their own blockchain. The blockchain technology will certainly be used for better scale-ability and transparency, but not bitcoin most probably.

[xBitHodler]

In my opinion some banks have already started taking Bitcoin seriously. Few banks in my country started research about Blockchain. They are interested in implementing this technology. Probably they are afraid of losing control of finances. Some banks in my country started blocking accounts for investing in Bitcoin. That's ridiculous.

[notthematrix]

They already do, but they make you think it's a scam because they are afraid you leave them , 3% against 3000% of gain, no question

[scottykarate]

Block chain, yes. Bitcoin, is something they take very seriously but will likely fight tooth and nail against. The caveat is that they may offer services and incentives to keep customer Bitcoin in their coffers somehow and make the same money off of those services as Fiat... just like the exchanges do now.

[1Referee]

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.

I'm not so sure of that. Banks aside from everything people here despise them for, are also a business that needs to book profits every year. If it doesn't come from free will, I strongly believe that at some point they will get forced to start incorporate Bitcoin in whatever form. People constantly say how bad Bitcoin is for banks, which is true, but I don't see why banks and other financial institutions can't benefit from Bitcoin's gigantic potential and eventual level of adoption. I can even see them allowing people to buy/sell Bitcoin and other crypto through their platform. I'm not directly referring to an exchange like service such as Bitstamp, but more a dedicated service that allows you to buy and sell Bitcoin according to the latest exchange rates.

[Masterio]

In my opinion banks really dislike the idea of Bitcoin since it takes them out of the equation - if Bitcoin is a regular thing, people won't need to use banks.

[ASHLIUSZ]

Typical banks will surely take bitcoin seriously, because during the past year an calculation was made and revealed stating a huge loss to the banking system just because of bitcoin. This has generated a huge downfall and to overcome they are making plans of blockchain technology implementation into the banking system and several banks has already completed their trials.

[farhaan]

Definitely,they would take bitcoin seriously.Earlier,they have tried their best to stop bitcoin's progress.In future,even some banks may even try to ban accounts if found dealing with bitcoin earnings.They consider bitcoin as their main rival.But they are very much interested in implementing blockchain technology in their services.

They would not deal in bitcoins even in future as it would even totally question about their services.

[meida]

Bitcoin is becoming more and more important to the banks. The value of bitcoin now starts to be reflected. Although the current price volatility is relatively high, the global value of bitcoin will determine the influence of bitcoin and bitcoin .

[momopi]

What do you mean by the word "seriously"? I have different interpretations about your question. First, if you mean they take bitcoin and other crypto as serious matter, I would say YES. Cryptocurrencies source of funds are the traditional money we have, we tend to convert in to digital currency and use for several stuff like trading. So I am pretty sure that all banks are aware of this and they continue to learn about this currency. If you mean the word "serious" is like a threat to them, I highly doubt it and crypto will never a threat to all banks. I see this only as an alternative to traditional money and crypto can never be replaced traditional currency.