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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
eolitic
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June 09, 2018, 06:54:54 AM
 #501

I have just read about the head of Russian main bank interview on crypto, he said that like every other country isn't going to change fiat money monopoly, but crypto, as a way to invest in blockchains, is very interesting.
I think, banks are threaten buy crypto, they won't let it in their bank system in the nearest future.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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June 09, 2018, 07:07:26 AM
 #502

As far i know, right now many banks is america open on bitcoin trading. They allowing their customes to buying bitcoin using their bank account and i am believe in next few years, banks will accepting bitcoin for transaction or deposit
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June 09, 2018, 07:08:49 AM
 #503

If we only talk about deposits, just deposits then they will probably offer it. In fact in my country we already have a bank who offers bank deposits using bitcoin.
For alt coins, we have etherium that some of the bank accepts.

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nebiki
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June 09, 2018, 07:10:49 AM
 #504

if I do not think the bank will ever offer a bitcoin deposit to its customers, because the bank is unhappy about bitcoin in the world because the bank is afraid that its customers are moving to invest in bitcoins and other crypto currencies

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Ikbal Naiem
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June 09, 2018, 07:23:13 AM
 #505

we know that most of the country in the world bitcoin is not legal  coin . But day day its popularity increasing at increasing rate . For this purpose  bitcoin is concern of matter in government .On the other hand bank is legal financial organization .They always try to invest where is high profit without any risk . Actually bitcoon market is not stable if any one hold it long time he must gain abundant profit .In this perspective bank can use it as a deposit money .
Ikbal Naiem
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June 09, 2018, 07:25:02 AM
 #506

we know that most of the country in the world bitcoin is not legal  coin . But day day its popularity increasing at increasing rate . For this purpose  bitcoin is concern of matter in government .On the other hand bank is legal financial organization .They always try to invest where is high profit without any risk . Actually bitcoon market is not stable if any one hold it long time he must gain abundant profit .In this perspective bank can use it as a deposit money .
DisWhale
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June 09, 2018, 07:30:05 AM
 #507

Banks and Bitcoin are two separate entities - that's what i call them. Banks are centralized and Bitcoin is decentralized. These mode of operation oppose each other. That means, in the event of both working together, one must switch to the mode of operation of the other. The question then becomes, will banks switch to decentralization or Bitcoin will switch to centralization?
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June 09, 2018, 07:37:55 AM
 #508

I don't think banks will accept bitcoin because this is the very reason they were against they cannot control it, they cannot hold it and they seems not sure about it, its decentralize and also they're are diiferent in function and policy regarding money.

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Dr.Nina
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June 09, 2018, 07:41:55 AM
 #509

The world is changing everyday at every moment. If we cannot adapt ourselves with the changing world we cannot survive. Because we all know that the great speech “survival of the fittest”. Similarly if the banking system cannot adapt itself with the change it may not survive. As bitcoin and crypto currency is the modern technological invention which make the life easier. The banking systems have to adapt with this technology. If the banking system accept the crypto currency or they introduce crypto currency then the world economy will be benefited. And we hope sooner or later bank will accept crypto by allowing deposit to its account.
parry1507
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June 09, 2018, 07:44:45 AM
 #510

may be it will start slowly with some regulations & conditions
VeronAncient
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June 09, 2018, 08:09:30 AM
 #511

In my opinion. very unlikely, banks offer bitcoin as a time deposit to customers because bitcoin prices are very unstable and very risky to customers and banks. because one of the parties will be harmed if the price of bitcoin up / down drastically.
roll on
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June 09, 2018, 08:49:51 AM
 #512

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.
Maybe i think its a yes because many bank have no problem while we are earning bitcoin and selling it to the other merchants.
cmaxwell
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June 09, 2018, 10:48:17 AM
 #513

nothing is impossible on this planet so far human being still exist, anything can happen. i cant say banks cannot accept bitcoin as a deposit and i cant say they can accept it even in the nearest future considering the fact that some economies of the world considered diogital currency as an highly risky business. but if policies are being formulated and corrective measures are put in plcae which can guide the deal, it is possible in the nearest future that Banks accept bitcoin as a deposit.
evader11
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June 09, 2018, 11:39:56 AM
 #514

I can't say that banks offer bitcoin deposits because in my country bitcoin is not acceptable yet in the banks so why they've offer that. I don't know because some country also don't accept it and i think it will take a long time to be officially accepted it. To be honest i don't have any ideas on this question because in my country which i live didn't bitcoin and besides they hated it.

sirmitchel
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June 09, 2018, 11:47:38 AM
 #515

I think bitcoin and even crypto bank deposits are possible, given the sophistication and ever
growing developments of financial technology and the internet such an idea is possible and
within reach. It’s entirely possible and convenient in a lot ways, security is one thing we all
worry and ponder with anything financially involved. Banks are well equipped and mostly they
specialized in such fields. A integration of banks and bitcoins would give birth to a new and
formidable financial era in the marlet.

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saruxanyan
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June 09, 2018, 03:03:25 PM
 #516

in my opinion, banks are not ready to take such a serious step now, but this is only for the time being, I think that it will not be avoidable after a few years, otherwise banks that do not keep pace with the times will simply be exhausted
paulmaritz
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June 09, 2018, 03:06:02 PM
 #517

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.

They will most like offer it at some stage - in a desperate attempt to survive, but personally I won't trust them with my Bitcoin.
dvmd
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June 09, 2018, 03:11:40 PM
 #518

The bank will not deposit the bitcoin. Because the bank wants to earn more profits. If the bank deposits a bitcoin, then its profit will be reduced. There are many discrepancies between bitcoin and the bank.
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June 09, 2018, 03:13:32 PM
 #519

I do not think that banks will be able to cocede it if they do not set the conditions for their profit
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June 09, 2018, 03:33:48 PM
 #520

The banks can gain a lots of profit in opening accounts for bitcoin deposits.

But the question is will the bitcoin holders agree to the terms and conditions that the bank will offer.If i am a bitcoin holder why should i deposit my bitcoins through banks when i know the assurances of earnings through an investment capital of my own and knowing it is also very safe stored in my wallet.
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