Will banks ever offer bitcoin deposits?

[Karie_Legend]

In some countries might say it by turning Bitcoin into real money in the bank. Maybe so.

[Sampson7]

Seems to be possible because A lot of companies now are adopting this kind of technology and making profit since from the very start. Maybe someday banks will realize the big potential and profit that the Bitcoin and cryptocurrency offers, its just a matter of time before majority of them may join the trend so lets hope so. There is a possibility

[IamKnowledge]

These days many investment companies allow their clients to invest in bitcoin to earn interest. Most peer to peer group and ponzi schemes such MMM also allow for bitcoin investments. I believe banks will also get on board and start something with bitcoins especially if bitcoin gains more ground and control the market. You know how these bankers are interested in many high profits.

[Strange9]

I don't think it will happen within near future, but it is possible

[Schwabac]

I really doubt that we are ever going to see it happening, most of the times, we are seeing that banks and bitcoins are totally the opposite, and i am more than confident in that we are never going to see them offering bitcoin deposits or withdrawals

[shackleford]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Your thought is worthy of attention of many. Indeed, if banks cannot earn on bitcoin transactions and taxes, then they can earn on borrowing at interest in bitcoins. I think there is a good parallel to this idea. In 2-3 years I am sure we will hear about this possibility in everyday life.

[AVAMONEY]

At first it may look gimmicky or as a novelty but after a while banks will realize we acquire more customers this way  I don't think that traditional banks will deal with bitcoin but we shall see other services that can offer some kind of deposits in bitcoin or any other cryptocurrency. if in case the country supports the blockchain and cryptocurrency system that allows the sale of bitcoin they will offer bitcoin deposit even though it is risky because they are not afraid to offer it because it is supported by the government of the country

[*kimcil*]

Today many emerging companies adopt this kind of technology and make a profit from the beginning. Maybe someday the bank will realize the huge potential and benefits offered by Bitcoin and cryptocurrency, it's only a matter of time before the majority of them can join the trend, so let's hope so.

[mdrakibul]

Every business find to new way to earn more and more profit. Bitcoin and bank is competitor of each other. It possible but not like near future. We know on how the banks are doing well in making money.

[Tylev]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

No, this situation can not be in nature. Banks will never take bitcoin for deposit storage under payment of guaranteed interest. For banks, bitcoin is too risky and too volatile in price to do it. Banks will never take such a risk. For them, there is always a business model with a much lower risk level.

[riyarana1123]

some banks are there in the market which are studying the profits of bitcoin so there is a chance that bitcoin will offered by the banks in near future because nowadays,there are some countries are also there who accept the bitcoin as a tuition fees so,there is a possibility that banks will also accept the bitcoin very soon.

[Gibsonlda]

The rest of the world will have no choice but to follow or fear to be abandoned. Perhaps one day the bank will realize the huge potential and advantages offered by Bitcoin and cryptocurrency, it is only a matter of time before the majority of them can join the trend, so let's hope so. this happens is certain. big profits will belong to the bank. and we will only get a minimum profit. because nagara will also control the state revenue. which is very likely to increase the price of crypto or vice versa

[saycryptohello]

until the processes of banks are properly regulated for the normal exchange of Fiat/Bitcoin in both directions, I do not think that it is worth waiting for deposits in the near future

[Marlo Stanfield]

At first it may look gimmicky or as a novelty but after a while banks will realize we acquire more customers this way  I don't think that traditional banks will deal with bitcoin but we shall see other services that can offer some kind of deposits in bitcoin or any other cryptocurrency. if in case the country supports the blockchain and cryptocurrency system that allows the sale of bitcoin they will offer bitcoin deposit even though it is risky because they are not afraid to offer it because it is supported by the government of the country

With proper security and training it shouldn't be very risky at all for a bank to offer those types of services. Really they will probably end up in a similar position to as they are now with people holding accounts or assets with the bank denominated in Bitcoin alongside their other accounts for currency or whatnot.

[rob143]

It would be good, but to be honest, i really doubt that we are going to see them being offering bitcoin deposits, and if it ever happens, it will take more than years until we can start seeing that for the first time, it is not something easy to do

[ThishD]

Yes it can be happen. It will be more profitable for banks. But there are only one risk have. Because bitcoin price is fluctuate can't give any fixed rate for Bitcoin deposit.

[MuffinMaster]

For me it could be one of ways that banks will go ahead of customers and make crypto in some way more usefull in their economy, if in future crypto will be developing like now banks will need to make some moves like that you had admitted.

[thefatman82]

It can be read the same in the near future. But if somebody want to get the deposit the profit from it will be very small. To do the deposits reality needs more work from the government. It will be not simple for them to create suitable law for all.

[stellaekun]

Banks will never do that,not in the present scheme of things.As a matter of fact, banks hate bitcoins and will love to see it fail, we have seen banks denying services to btc holders

[DoublerHunter]

For me it could be one of ways that banks will go ahead of customers and make crypto in some way more usefull in their economy, if in future crypto will be developing like now banks will need to make some moves like that you had admitted.

We are now in the era of the technology and bitcoin and the banks seems that they will become one in the future because the banks are now adapting the blockchain technology because they saw this promising benefits and advantages of using the blockchain of the cryptocurrency that might be the key to surpass their competitors.