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Author Topic: Will banks ever offer bitcoin deposits?  (Read 6336 times)
SemaVaflist
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July 09, 2018, 07:17:53 PM
 #961


I don’t think so, because the number one threat of the commercial banks here in the whole world are the cryptocurrencies.So its good to put in wallet and wait until the prices will rise and sell it in a reasonable price.
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jmvzlfyg
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July 09, 2018, 07:18:38 PM
 #962

I do not think banks will provide such services in the short term. Now the banking industry is very close to the encryption industry. They worry that bitcoin will take away their customers.
korobitsyna96
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July 09, 2018, 07:20:04 PM
 #963

This is not profitable for banks, because then the interest in the services of this bank will be lost. Since nothing compares to mining.
hijabiyo
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July 09, 2018, 07:27:11 PM
 #964

We won't disclose the possibility that this might happen. If the banks would embrace bitcoin deposits then I think would take time to discuss. Then if it would be accepted it would give alot of volume for BTC.
salahfycl
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July 09, 2018, 07:29:31 PM
 #965

No banks would go for it there is no incentive at all for banks to “accept” bitcoin deposits. , you don’t need a bank to store Bitcoins.

bbnt81
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July 09, 2018, 07:34:43 PM
 #966

They may accept, but in the future. And only when bitcoin becomes an international accepted currency. Its only virtual currency now and its not accepted globally.
We need the price to stay more stable and the market goes less crazy that people actually trust bitcoin.
assyla
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July 09, 2018, 07:39:02 PM
 #967

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 can possibly happen. If banks will not hugged thr changes in world especially the cryptocurrency then banks may gone forever, so it can be a stepping stone to banks to make them lively again.

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Kamal Zenda
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July 09, 2018, 07:51:55 PM
 #968

I don’t think that banks will ever offer deposit with Bitcoin because it acts as competition between bitcoin and banks .
Robertqueen2
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July 09, 2018, 08:32:31 PM
 #969



If the majority of countries worldwide accept Bitcoin as an international currency in the near future, central and big banks will not have a choice but to offer bitcoin deposits. Actually, traditional banks try to familiarize themselves with the blockchain tech in a way that enables them to dominate the world of cryptos so that they can take real procedures in accepting and offering bitcoin.






Phinoy
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July 09, 2018, 09:25:07 PM
 #970

I have read a news on this topic today. It's about some financial institutions working on crypto money investment in the US. I do not know the source of the news and the truth. But I think that in a very short period of time (within a few years), the banks will certainly be able to handle this. Otherwise it is not possible. There is an economic value in the middle. Bitcoin and some coins are already a big competitor to the banking sector. If the crypto money sector does not go to cooperate with the banks, we may not see the banking sector that we know today. Because many projects offer much more than banks promises, much simpler. All you need is internet and a PC.

I think some Bank's right now offer a bitcoin deposit it is because it already popular to the people I'm not talking about small once it is the big once even the government as will and it's already getting bigger in the market but sooner or later because it's big name at the market some banks will offer deposit.
Wuraola
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July 09, 2018, 10:03:06 PM
 #971

i think we already have some banks trying to exchange money for bitcoin ...so as time goes on, i think it will increase because it is something that will profit them.
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July 09, 2018, 10:05:20 PM
 #972

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.
The answer is no; banks will never accept the Bitcoin deposit offer. If the bank wants to issue Bitcoin deposits, the first thing is that the government must accept Bitcoin

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DainSLane
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July 09, 2018, 10:23:20 PM
 #973

I guess it will not offer bitcoin deposit as of now considering that bitcoin is their competitiveness to their business transactions, for me my bitcoin is safe in my digital wallet compare to the bank i can see everyday my bitcoin deposit and im the control of this.
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July 09, 2018, 10:30:03 PM
 #974


 IF bitcoin continues to perfrom and to be popular as now, I think banks will use this as their advantege , and they will gain by bitcoin...
UniQue7
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July 09, 2018, 10:31:28 PM
 #975

No, they won't since BTC is an honestly high risk when it comes to conversion, but hopefully, something in the future is down nine order to change this.
millgates
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July 09, 2018, 10:50:00 PM
 #976

There are many reason why bank will not offer bitcoin deposit. First ,bank has a product that we call paper money/fiat/banknotes if people prefer like to use bitcoin then their product will become worthless, second, it is still related with the first one, money is one of important instrument of economy for every country, bank of states will not let any treat for their national currency still exist. They will try anything to stop them. Third, it is useless decision, people can have their own bank a.k.a wallet and they don't need to save bitcoin in bank. The important point in here is how we can use bitcoin to buy something in the real world, we can convert it into fiat first or we can do it directly, there are many project that facilitate this. For example you can check it here https://cazcoin.io/ or it's platform as well http://34.237.175.74/cazshoppe/
darkphoenix2610
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July 09, 2018, 11:11:30 PM
 #977

I guess it will not offer bitcoin deposit as of now considering that bitcoin is their competitiveness to their business transactions, for me my bitcoin is safe in my digital wallet compare to the bank i can see everyday my bitcoin deposit and im the control of this.

That is true, I think as of now the banks will not be offering some bitcoin deposits its like they are not in to it because of the bitcoin price in the market now, but i hope in the future it will be possible. it is also true that it is much safer in our own digital wallets to store our bitcoin rather than in banks, we can see the updated price as well as the time line of it.
gonlavy
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July 10, 2018, 08:55:15 AM
 #978

Not yet. But soon it will do so. Now they are not accepting it because of their fear of losing something big like jobs and they will have nothing to do. Soon they will show interest on it and they will welcome it although today they are against it.
Crypto24hrs
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July 10, 2018, 09:19:36 AM
 #979

This is a very hard not to crack and i am still wondering why banks will accept to offer such service, especially because of the volatile nature of BTC, just imagine what will happen if BTC is deposited in a bank and incidentally the price pumps up *5 of the original deposit? what do you think will happen? their will be rush in withdrawal and banks will operate at a big loss,so for now it is not a good deal for the banks.
Jaci
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July 10, 2018, 09:49:45 AM
 #980

As I know still now in our country don't offer bitcoin deposit. Our country support only virtual dollar but the USA support Bitcoin deposit. If you meet Bitcoin so you can put your money in your bank in America and you get Bitcoin. only USA, Austria, Canada support Bitcoin deposit. My brother lives in the USA and uses Bitcoin cryptocurrency MasterCard so you can get BTC in your own Bank.
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