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Author Topic: bank will use Bitcoin to make cross-border payments  (Read 118 times)
Mungurul
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June 18, 2018, 01:30:55 PM
 #21

I really believe Bitcoin will make cross boarder payments soon all over the world. As you said, Argentina and in Latin America it has introduced. Thats good.
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Kprawn
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June 18, 2018, 01:57:30 PM
 #22

I think it is going to be faster than Swift, because Swift does not deal with individual transactions like Bitcoin does. The Banks settle

the "balance" after a lot of transactions between them with Swift, so it is not comparable to Bitcoin settlements.  We usually only see

the end result of Swift transactions when transactions are batched and settled between the Banks. Bitcoin is definitely going to

disrupt Swifts services.  Wink

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Ayaancool
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June 18, 2018, 02:12:30 PM
 #23

In Argentina, Banco Masventas revealed that, starting next Monday, it will allow its customers to make cross-border payments using Bitcoin.

In partnership with the Latin American market startup, Dicks, founded in 2014, this bank will use Bitcoin as a means of payment for cross-border transactions, as an alternative to the traditional Swift system.
It's a kind of tric from the side of banks. Because they realise that there is no way to protect banking system,so they forced to accept bitcoin  to cross border payments.
javascript1539
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July 05, 2018, 05:41:31 AM
 #24

This has been going on for a long time, just that they are not daddy for people to know.
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July 05, 2018, 05:55:31 AM
 #25

Well I'm not quite sure about the source of the news & validity, if so this will be a massive initiative for adoption of Crypto currency by the other governments & major companies. Since the banks are much afraid & against for this decentralized Blockchain system it was said to be applied more regulations. Security & scaling issues which Blockchain has. Meantime one or two institutions can try out the BITCOIN transactions to attract their clients. But overall it will take some time to adopt BTC widely due to lack of belief in virtual currencies by mass community.

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July 27, 2018, 03:14:48 PM
 #26

Bric countries and south-east asia countries are relying on ripple and another blockchain to do cross-border transactions in reality it is positive movie for blockchain industry
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July 27, 2018, 03:20:16 PM
 #27

While this is a welcome development, it must be pointed out those from the south American continent who plunge in first will take the biggest cut of the pie and enjoy an overwhelming support over time. the bitcoin is breaking barriers and proving reliable amongst trust worthy, firts rate companies who understand the meaning, purpose and uses of cryptocurrency.

Tylev
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July 27, 2018, 06:56:31 PM
 #28

In Argentina, Banco Masventas revealed that, starting next Monday, it will allow its customers to make cross-border payments using Bitcoin.

In partnership with the Latin American market startup, Dicks, founded in 2014, this bank will use Bitcoin as a means of payment for cross-border transactions, as an alternative to the traditional Swift system.
I'm very surprised at this information. It seems to me that the Argentine bank that adopted this decision is not a state bank. It's probably some kind of PR, not a sober calculation. Bitcoin is not designed to serve the banking system. A ripple coin is very suitable for this. It is a good substitute for the outdated SWIFT banking method when transferring funds.

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