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Author Topic: The day will surely come Banks soon accept Bitcoin  (Read 1690 times)
A.H.Rassel (OP)
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July 23, 2018, 06:58:58 PM
 #1

The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
pooya87
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July 24, 2018, 03:30:01 AM
 #2

banks accepting bitcoin is not such a great news though! it can even be a terrible news if you ask me. because if banks start accepting bitcoin, open bitcoin "accounts" and things like that, it may encourage people to start using banks instead of avoiding them and having their own bitcoin wallet. and that is terrible because they would be going back to the centralization that were trying to get rid of.

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July 24, 2018, 03:36:22 AM
 #3

I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Think about it. What's the point of 'being your own bank' if you're going to leave your bitcoin in banks anyway? Might be quite counter intuitive you think?

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Marachgalthena
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July 24, 2018, 03:46:46 AM
Last edit: July 24, 2018, 03:58:25 AM by Marachgalthena
 #4

In my country so many banks was run by the governments ,they just a punch of "steal money of the people" guys  Sad.




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BILGPS
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July 24, 2018, 03:49:27 AM
 #5

Just like other businesses are focus on bitcoin acceptance soon the day will come and we will hear that bitcoin is now accepted in our country Now many businesses are using it and soon banks will focus on it's use. And also the crypto market is rising to a good move so it is good to invest in it now for bright future.

LbtalkL
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July 24, 2018, 04:34:25 AM
 #6

The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
In my country in asia, 1 bank announces that they going to accept cryptocurrency as payment. And in fact  as I read on that article they are  going to have their own blockchain. And I hope all bank will accept bitcoin worldwide but I think it will not happen because of government involvement.
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July 24, 2018, 04:37:06 AM
 #7

The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Not all banks are doing it, most banks are afraid with bitcoin popularity.
People probably will not use banks anymore and just make banks as a payout for them.
nellakarisma
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July 24, 2018, 04:39:03 AM
 #8

I also have an opinion like that gan. because with time lapse must be one by one country and Bank will receive bitcoin. maybe just wait time gan. if I notice the movement of bitcoin Very good in the digital area today
CryptoDamon
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July 24, 2018, 04:42:50 AM
 #9

There are already few banks who are accepting cryptocurrencies. You might wanna check this article for you to read more and know who are those banks that are supporting cryptocurrencies.
https://www.quora.com/What-banks-do-accept-bitcoin
https://nexchange.com/article/3030

The reason why most banks won't accept bitcoin is because of its volatility in value. Maybe when time comes that bitcoin's value will be more stable then that's the time that mos of the banks all over the world will accept bitcoin.
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July 24, 2018, 04:48:18 AM
 #10

Absolutely I agree. They will try to prevent this system up to one time. But after a while, they will have to accept. Especially when blockchain technology is being developed by people so much ...
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July 24, 2018, 04:48:39 AM
 #11

The banks will have no choice just like the postal service had no choice with the development of the internet and email. They must come to terms with the new technology or be forced to close their doors. That being said, the whole idea of blockchain is an anonymous peer 2 peer system which a bank cannot in all seriousness willingly embrace.
Dreamchaser21
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July 24, 2018, 04:51:03 AM
 #12

The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Not all banks are doing it, most banks are afraid with bitcoin popularity.
People probably will not use banks anymore and just make banks as a payout for them.
Pressure is rising between banks and cryptocurrency and I know banks already know the possible things to happen in the future if they don't adopt this technology. Banks will become more open about cryptocurrency and I know time will come for this. If banks support this, I would still choose my crypto wallet and manage my fund on my own, I don't trust bank anymore.
abaidudez
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July 24, 2018, 04:54:34 AM
 #13

If we believe that Bitcoin is the future currency then we also believe that it will be soon be accepted in banks. But that will take a long time I guess because now some country's government still not open to be part of the technology evolution. I think it's already in process to some countries who already accepted it.

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Shamie1002
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July 24, 2018, 05:15:55 AM
 #14

I honestly can say that it is possible for every country. Here in the Philippines, Banks are the first ones who accepted bitcoins specifically BSP. Now we can transact through remittances but until now there are limited stores or the stores that actually accepts bitcoins as payment can be counted with fingers only.
I am looking forward for new developments especially including medicine.
St4yInTh3D4rk
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July 24, 2018, 05:24:25 AM
 #15

The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
Bitcoin created to destroy the centralized system which literally means banks then why should they accept bitcoin?

Even if they open services regarding storing the bitcoin we should avoid them because we will lose the freedom of using our money again and someone will take control over our money so it is not a good thing to happen though.

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July 24, 2018, 05:26:07 AM
 #16

The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Having bitcoin ATM's in place and functional doesn't mean that banks will be accepting the bitcoin soon. Those are two different things. There are many internal agendas which needs to be fulfilled first so that one can actually see both the dots connecting with each other. Both dots means, bitcoin/blockchain and also banking system which runs over the traditional swift technology. Its not like fruit market, you went for shopping and picked up anything you want, its very complex system to bring onto same page and work together. May be there is still time, banks and bitcoins will have to wait more.
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July 24, 2018, 05:29:05 AM
 #17

Banks will not "accept" Bitcoin, they will sub-contract someone to develop their own in-house private Blockchain technology, like R3 group did with Mike Hearn and they will become Bitcoin's competition. They are not innovative enough to develop their own technology, they have to steal Satoshi's concept.  Angry

This will happen later this year or early next year. <Mark my words>  Wink

Banks cannot compete with Bitcoin with their old legacy systems and they are too set in their ways to change their business model.  Grin

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July 24, 2018, 05:39:25 AM
 #18

banks accepting bitcoin is not such a great news though! it can even be a terrible news if you ask me. because if banks start accepting bitcoin, open bitcoin "accounts" and things like that, it may encourage people to start using banks instead of avoiding them and having their own bitcoin wallet. and that is terrible because they would be going back to the centralization that were trying to get rid of.

You are absolutely right. Bank accepting bitcoin payment is not a good news at all. It will be a ploy to take us back to centralization that we wanted to avoid.
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July 24, 2018, 05:51:52 AM
 #19

I don't want any banks to use my bitcoin,so I won't take their services even if they offer. Roll Eyes

I don't understand what is a great thing if a bank accept bitcoin? It won't have any changes in the market condition you can store your bitcoins into banks's wallet but probably there is no need to do that.
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July 24, 2018, 05:53:42 AM
 #20

I really like the current Bitcoin method without anyone else dealing with my money and making me comfortable, it's not all banks that are cunning, but that is not true because Bitcoin decentralizes all my money and I can control it, don't want them to deal until to my personal things, banks to accept Bitcoin because there is no other way if they don't accept it, maybe in the future it won't be as popular as now and they think they want to use us.

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