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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
cahbagus555
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May 26, 2018, 07:36:54 AM
 #241

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.

It could be happen. Banks have good insfrastucture to run crypto bussiness. I am believe that banks will involving their bussiness on crypto because banks must wont die because of crypto existence
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princeyeboah
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May 26, 2018, 07:42:11 AM
 #242

Adaption is something that breeds conflict especially in its early wake. Although the banks and Bitcoin operates on two different principles, centralization and decentralization respectively, with time, i wouldn't be surprise both will get along as the banks get to understand very well the concepts of Bitcoin.

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May 26, 2018, 01:11:29 PM
 #243

I think as long as Bitcoin is digital and can rise in huge prices and vice versa, banks would not accept Bitcoin. Banks need to keep money circulating and their purpose for money to keep being used, If banks stored Bitcoins for holding that can be a huge problem for them and that would lead them to be broke. I thinks its better to hold our coins in our wallets and just let banks do their work with fiat money.
Ram krish
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May 26, 2018, 01:16:21 PM
 #244

I think bank will offer bitcoin deposits in future. Now some countries have banned Bitcoin. One day they will realize the benefits of bitcoin. Banks don't know the high potential and high profit of bitcoin. And it also have lot of problems.hackers may hack the bank datas.
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May 26, 2018, 01:36:45 PM
 #245

I think they will . As soon as bitcoin acquires such features as stability , they will be interested in serious large banks and it will be profitable to carry out large amounts of bitcoin through themselves .
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May 26, 2018, 01:48:40 PM
 #246

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.

I think only a few banks will make this step and not in the nearest future. Most of these institutions will always hostile against BTC as it's their common interest.
Ronni
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May 26, 2018, 01:54:50 PM
 #247

Well, maybe in the near future the banks will accommodate bitcoin deposits because they need to innovate and to adopt into what is happening in the world. Innovation is inevitable in the future, and banks should do that in order to survive for the upcoming  years. It will be a very huge impact to all the bitcoin users because local banks will support them too.

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May 27, 2018, 06:55:04 AM
 #248

I think banks will eventually get to the point where they will accept bitcoin as a deposit, no matter the risks. However, to realize this reality will take a long time. I think all that relates to money and profits and investment requires risk. the world is changing and moving towards the digital world. banks have been around for centuries but they persist as they adapt to change
adpinbr
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May 27, 2018, 07:28:01 AM
 #249

Actually some banks are offering deposits through bitcoin,though I'm not quite sure about it I have read an article about banks that are offering bitcoin deposits, though this is possible since bitcoin every gains more and more attention, hopefully this cotninues and may bitcoij go better through he years.



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Rainbot
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May 27, 2018, 08:00:55 AM
 #250

In the future,some banks also offers to deposit bitcoins because just like other currencies,cryptos has a great value and maybe a market share in other countries which they decided to legalized like their monetary.However,these banks must offered more security feautures that make their clients comfortable.and felt secured.
onrise
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May 27, 2018, 08:06:18 AM
 #251

The day will eventually come where banks offer bitcoin. This could be super profitable for banks, especially if they give/receive deposits at the right time. Crypto will become the new wave of currency and the banks will have to catch on or get lost in the dust.

It will vary from country to country depending upon their banking and country policy. Also if they find that it can hurt the banking system or can disrupt it then I think it will not be allowed to involved in banking functions or bank will not deal in such things.

 

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elbimbo012
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May 27, 2018, 08:10:55 AM
 #252

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.
It seems like lendng? you will deposit your vitcoin to tuem and gain certain interest ehile they will use your bitcoin for some trafing sctivity to gain profit also. will this may a good i dea and i think this will not come to far for reality this may possible and with investors worldwide this can create huge profit for any bank who will try this service.

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May 27, 2018, 08:35:47 AM
 #253

 For Now, the banks will never offer Bitcoin deposits, they are against Bitcoin in every way possible as the coins threaten their existence and operations.Bitcoins address a number of factors like tax free deposits, fast transactions.open ledger through the blockchain among others, that the Banks don offer, However, with time, i believe Banks will have option but to adopt Bitcoin deposits as the currency will have taken over the Financial technology sector
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May 27, 2018, 08:56:46 AM
 #254

Why would you deposit your bitcoins in bank accounts? When the reason it was created was to free us from the banks and make us our own banks. Also why would you increase your risk and give your bitcoins to a third party when you can secure your Bitcoins yourself by storing them in cold storage.

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May 27, 2018, 08:56:54 AM
 #255

Many companies are now adopting this kind of technology and making a profit from the beginning. of course the bank already knows such things but the bank can not accept the thing that does not materialize to become assurance held like an asset. someday the bank will realize the huge potential and benefits 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.
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May 27, 2018, 09:00:11 AM
 #256

recently the Japanese company Coincheck announced the first interest-bearing accounts in Japan in bitcoins. Despite the fact that in general the project looks quite attractive and can promote the distribution of bitcoin among the population, there are certain problems associated with the mechanisms for making profit from such deposits.
But the problem bank will not think that easy to adopt bitcoin as deposit since the fluctuation is very high.
They will not put their customer in high risk so i dont think any of bank will try to accept bitcoin as deposit. If retail market accept bitcoin, maybe it has bigger opportunity since its own by a person not government.
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May 27, 2018, 09:00:50 AM
 #257

Well then it would end in the same cycle which it wanted to change the monopoly of banks over currency regulations
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May 27, 2018, 09:01:02 AM
 #258

The idea of deposits in bitcoins looks interesting enough for the participants of the Japanese and world market to meet her with open arms. Nevertheless, some experts have expressed doubts about the operation of mechanisms for accumulating interest. Indeed, bitcoin is different from fiat money, hence, it needs other mechanisms.
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May 28, 2018, 10:10:55 PM
 #259

The volatility in the market of crypto currency will decrease with time. The fact is that the market is still young. Over time, deposits in Bitcoins may appear.
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May 28, 2018, 10:18:59 PM
 #260

am not so sure of that,,though it has a good potential in the market,,,doesn't means that bank will offer its deposit
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