German online bank uses Bitcoins to transfer loans

[speedy963]

Sounds great to hear and by reading the article it kinda makes me feel sad i guess. Since in our country our banks are not that very supportive in the idea of crypto currency, but deep down inside each one of us are hoping that someday the banks will probably accept this kind of transactions and will be sure in handy, to think that this will really boom the usage and popularity of bitcoin including the benefits of one's user that may get.

[papa-tata]

if a bank that receives a bitcoin transaction is good news, at least in one bank it has many branches that can be utilized for bitcoin transactions. soon another bank will follow.

[automaticmoney]

germany bank is using bitcoin for remittances and they are designing crypto specific coins in the market Germany is becoming the example for the crypto world

[wantjokull]

Amazing! This and still people keep crying that why crypto currency and government is not having good relations. And they keep panicking whether bitcoin will exist tomorrow or not!
Lolz. Your post really made me think about the whole concept one more time. I mean with the increasing demand all the government will have to get their hands on the crypto currencies and they will surely use for such banking methods.
Today this is the great example that stuff like loan can be working model and so as to rest of the transactions too. Great share mate!

[Crypdon]

I would rather see bitcoin being used by online banks than ripple, you don't need lightning fast transactions for loans. Alternatively, there is an altcoin called SURETLY which specialises in P2P loans. Great price on hitBTC now.

[yesuidanggan]

This is the first time the bank has used BTC to transfer money!
The advantages of fast BTC transfer speed and low transfer cost are reasonably utilized by the bank!
More Banks will use BTC to transfer money in the future!

[nazaididuan1]

BTC is legal in Germany, and Bitbond Bank's use of BTC to transfer money will attract more customers to use their online transfer system!
This is a bold innovation. The combination of BTC and the banking system has greatly simplified the transfer costs!

[timerland]

Bitcoin has a lot more advantages if you're talking about global loans.

You're able to make substantial savings on time, making instant global loans something that can be achieved (I don't know if the online bank that is mentioned here is doing that, however) since bitcoin is instant, and a huge advantage compared to the slow money transfer process that happens with the traditional banks. You're also saving on fees for exchanging forex as a business.

However, if it's just locally within Germany or any other country, I doubt that there would be that much of a niche market that has a demand for bitcoin payments to make it work. As I said, I am not sure exactly what the business model is for this particular bank, but there are definitely many scenarios where bitcoin can be useful to fund global loans.

[geraldmcraney]

btc will be grow in the second year to

[zakariajaki]

reading your articles and opinions from you I feel relieved and feel there is a wide gate to see the future more open to modern economic technology, see the country open to crypto I feel there is a great opportunity and at least step we have been studying and learning there is legality for the future and of course we are more comfortable in working, my opinion in the future will be more and more countries in the world that opens wide on the progress of crypto, keep the spirit and success for all of us

[RockBar0]

reading your articles and opinions from you I feel relieved and feel there is a wide gate to see the future more open to modern economic technology, see the country open to crypto I feel there is a great opportunity and at least step we have been studying and learning there is legality for the future and of course we are more comfortable in working, my opinion in the future will be more and more countries in the world that opens wide on the progress of crypto, keep the spirit and success for all of us

This can be considered the most excitement of their country's head. And it can also be fun for some other countries. If banks simply support investors, then we have more opportunities to grow. In the future bitcoin will make the community great value.

[AniviaBtc]

The German bank is seeing a vision where most of the banks are still in death lock towards bitcoin the future of money transfer through bitcoin and blockchain so after Japan now Germany is on forefront

  These is a Welcoming news to all the Bitcoin followers, investors, traders, and potential investors etc.etc. If this German Bank able to make a stand to accept Bitcoin as a legitimate digital transaction i have no wonder, some other Bank will follow the lead of the German Bank on this ventures. the global acceptance of crypto is really unstoppable globally, Bitcoin is all over the news, any price of Bitcoin on the market expect the market analyst on TV broadcast media forum or on other market discussion link on the treed.

[djgtr]

This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!

That's indeed great news, Germany has been pro Bitcoins ever since the cryptocurrency emerged and now they are bringing in new services that will make the cryptos expand even more.

it's amazing, because a big country like Germany uses the crypto for transactional tools, we should support it, and hopefully in other countries it has the resolve as did Germany to move forward and grow.

 That would be possibly happen because Bitcoin os already appear in a small countries and of course it has already in the Germany. The people contributes good thing of bitcoin and they give their best without hesitation in doing it. The country is liv8ng forward to success because of the new trend business which is bitcoin.

[Daseento]

This is indeed a move in the right direction. If we can witness more real world use of cryptocurrencies definitely the price will appreciate as it would attract more investors to this space.

[DPrillio]

This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!

That's indeed great news, Germany has been pro Bitcoins ever since the cryptocurrency emerged and now they are bringing in new services that will make the cryptos expand even more.

it's amazing, because a big country like Germany uses the crypto for transactional tools, we should support it, and hopefully in other countries it has the resolve as did Germany to move forward and grow.

 That would be possibly happen because Bitcoin os already appear in a small countries and of course it has already in the Germany. The people contributes good thing of bitcoin and they give their best without hesitation in doing it. The country is liv8ng forward to success because of the new trend business which is bitcoin.

That is another good news and development of crypto currency and I hope someday there are more banks around the world will adapt the same kind of bank system because it will makes life easier on monetary system in this age of digital technology since I think crypto currency is the future of worlds currency.

[a4techer]

This is awesome and nice that every i read some of article regarding cryptocurrency and banks i was amaze and greate because as we know and we think th some or mostly of banks qas afraid in cryptocurrency but now they are embracing amd accepting the new technology like cryptocurrency just like in my country that they are now embracing cryptocurrency.

[audaciousbeing]

When it comes to issuing loans in bitcoin, the advantages cannot be overemphasised. Taking a look at the getting a loan from the bank in the same economy, aside from the exorbitant interest rate, the fees attached called management fee is something where that is deducted at source from the loan and also a drawn down of the first installment is even withheld in some case not to talk of the taxes and other charges that will arise from such single transaction. I can only imagine the struggle businesses go through sourcing funding abroad that the eventual funding that they get is always lower than reported investment.

The challenge I see here is the due diligence aspect in other to be sure that business owners make do with their promises of paying back. For those in Germany that won't be a problem but those outside the country that would need to be verified at a very expensive cost for consultants considering the cap of $50,000 at that. I see this arrangement as funding rather than loans because its more practicable than the latter.

[Osarman]

This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!

That's indeed great news, Germany has been pro Bitcoins ever since the cryptocurrency emerged and now they are bringing in new services that will make the cryptos expand even more.

it's amazing, because a big country like Germany uses the crypto for transactional tools, we should support it, and hopefully in other countries it has the resolve as did Germany to move forward and grow.

 That would be possibly happen because Bitcoin os already appear in a small countries and of course it has already in the Germany. The people contributes good thing of bitcoin and they give their best without hesitation in doing it. The country is liv8ng forward to success because of the new trend business which is bitcoin.

That is another good news and development of crypto currency and I hope someday there are more banks around the world will adapt the same kind of bank system because it will makes life easier on monetary system in this age of digital technology since I think crypto currency is the future of worlds currency.

Of course it is, but it would be better if we start seeing more of this in the long run. I am quite optimistic that we would keep seeing some ideas popping up with banks on how to utilize the space to their benefit. Some countries may be slow to adopt this process, but at least for few of the brave ones, it is a start.

Germany is already seeing the advantage this brings and hopefully other banks, as well as other countries will probably see the advantage that surrounds the real life usage of blockchain technology and the crypto market at large.

[justdimin]

This is indeed a move in the right direction. If we can witness more real world use of cryptocurrencies definitely the price will appreciate as it would attract more investors to this space.

Yeah, we all know this real life cases is what has been lacking hugely in the cryptocurrency world and only if banks can see the advantages it brings even to them than focusing on some of the disadvantages that can easily be curbed, we won’t be getting some of these news.

It is however good that this is already happening in some places which I want to believe some other countries can use as a case study of bitcoin usage in the loan market.

[automaticmoney]

Germany is far more advanced in terms of banking and adoption of latest technology and the future of money transfer in crypo currencies  is defined from German online banking