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Author Topic: Why the bank would accept bitcoin sooner or later.  (Read 281 times)
davhek
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August 19, 2018, 07:57:48 AM
 #21

You must have at one time seen bitcoin service in most Automated Teller Machine (ATM)  in some banks should you ive in Nigeria in later year. But not anymore!
Ever wondered why they ventured into that before?

Could it be that they were optimistic about the potentials it avails or were just driven at the rate at which it rose in the market and how people patronize it?

Could it be that it was greed that drove them?

Would the banks accept bitcoin sooner or later from your opinion?

Let's share our views!

I am quite sure that at some point they will have to accept cryptocurrencies. Simply the ones who do not adapt will suffer major loses. I expect revolution similar to internet and the world will simply have to accept it.

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MAJICOIN
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August 19, 2018, 09:41:43 AM
 #22

Sooner the banks will accept bitcoin because it is also widely using for the business funds and many businesses are now paying the funds across boarders through bitcoin and banks are ready to use their medium for the payments in the world so i think that sooner bitcoin will be accepted by banks in the world.

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August 19, 2018, 10:04:07 AM
 #23

In this generation with a full of digital computer and other gadgets usually the other companies will also adjust on what is happening in the society they also go with the flow and adjust for the people to gain more customer in back we have an ATM  that you can withdraw your deposited money from the other part of the country also bitcoin is a virtual money that you can withdraw so there is an instance that the banks accept the bitcoin.
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August 19, 2018, 10:17:00 AM
 #24

You must have at one time seen bitcoin service in most Automated Teller Machine (ATM)  in some banks should you ive in Nigeria in later year. But not anymore!
Ever wondered why they ventured into that before?

Could it be that they were optimistic about the potentials it avails or were just driven at the rate at which it rose in the market and how people patronize it?

Could it be that it was greed that drove them?

Would the banks accept bitcoin sooner or later from your opinion?

Let's share our views!
banks will receive bitcoin sooner or later, I will continue to wait and I have to make sure my ATM is safe from hackers, because I think ATM cards can still be hacked by those who have high level knowledge,
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August 19, 2018, 10:31:04 AM
 #25

You must have at one time seen bitcoin service in most Automated Teller Machine (ATM)  in some banks should you ive in Nigeria in later year. But not anymore!
Ever wondered why they ventured into that before?

Could it be that they were optimistic about the potentials it avails or were just driven at the rate at which it rose in the market and how people patronize it?

Could it be that it was greed that drove them?

Would the banks accept bitcoin sooner or later from your opinion?

Let's share our views!
Its possible that banks will accept bitcoin , but it will take a very long time. It will be difficult for banks to accept bitcoin since bitcoin is a big threat to them. Lets just hope that it will happen as soon as possible so we are sure that our money will be more safe in banks and no one is able to hack and get our coins.

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August 19, 2018, 06:03:11 PM
 #26

Yes, of course, they will accept bitcoin sooner or later but first, the government should regulate the bitcoin or the cryptocurrency itself in its country before the bank takes over it, well I guess if the bank will do that it will truly help the bitcoin in so many ways like promoting it and maybe in the near future it will be accepted in different various stores and accept bitcoin as a payment or maybe the transaction will be fast and easy.

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August 19, 2018, 06:15:55 PM
 #27

Bank accept bitcoin is quite critical question. Bank have government organization and they obey government rule. If government want bank accept bitcoin very sooner. I think all government should accept bitcoin who still not accept it.

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Fenixsfeather
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August 19, 2018, 07:34:51 PM
 #28

Accepting bitcoin is not profitable for banks. I know that some banks use blockchain tech, but I guess bitcoin isn't in their interests.

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August 19, 2018, 10:52:17 PM
 #29

I think it's very difficult for banks to accept bitcoin, but I hope all banks in the world can accept bitcoin as a payment instrument.

yes, as difficult as we accept banknotes that seem worthless in ancient times.
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August 19, 2018, 11:04:09 PM
 #30

I personally think bank will have a hard time to receive bitcoin, the basic idea of bitcoin is very different with bank, the only way to make bank accept bitcoin is by giving up some of the bitcoin feature like anonymity and decentralised, bank could accept bitcoin after there is legality from the government, but at that time bitcoin will full of regulation

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August 19, 2018, 11:12:19 PM
 #31

Now the banks in our country not interested in bitcoin and they feel fear that the crypto is highly volatile while it has no physical existence so it is a kind of risk for the banks so may be in the future the bitcoin show some physical existence which may be accepted for the banks etc.


Do not be worry sooner banks in your country understand well about the volatility fluctuations of bitcoin and yave aqueation for how you use your bitcoin invest to buy thing if the banks in your country not accepting bitcoin? How to convert your bitcoin into fiat if you need to spennd it.
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August 19, 2018, 11:15:36 PM
 #32

We need more security and trust into BTC and cryptos in order to have more people interesting in investing in them. After a certain time and people inside the markets banks will see the potential and they would like to take their parts of the profits. Then they will for me accept it to take the benefits.

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August 19, 2018, 11:19:04 PM
 #33

Most of the banks won't accept bitcoin in their banking business. In my opinion this is because of the coin high volatility percentage. This will surely put to a bank with uncertain situation wherein their funds and profit is at risk. Banks can't hold the bitcoin price this is the main reason they are hesitant to accept crypto currency.
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August 19, 2018, 11:26:46 PM
 #34

Some banks are already in the research to adopt blockchain technology into their system but using a decentralized currency that they don't have control over may be something they would never consider. In the sense of it BTC has no usefulness to them but its technology does have usefulness in the banking sector.

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August 19, 2018, 11:39:33 PM
 #35

I believe after bitcoin is accepted as a digital currency for all countries. surely many banks will be ready to accept bitcoin bro. so bitcoin and bnak can go hand in hand with bro

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August 19, 2018, 11:44:05 PM
 #36

I think many banks already know about the progress of bitcoin and they might have learned it. Banks can accept bitacoin will happen if a country and its government have legalized bitcoin, if not don't expect much

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August 19, 2018, 11:45:10 PM
 #37

Because this will be the first request of people around the world after knowing the real value and the benefits of bitcoin
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August 20, 2018, 01:36:26 AM
 #38

You must have at one time seen bitcoin service in most Automated Teller Machine (ATM)  in some banks should you ive in Nigeria in later year. But not anymore!
Ever wondered why they ventured into that before?

Could it be that they were optimistic about the potentials it avails or were just driven at the rate at which it rose in the market and how people patronize it?

Could it be that it was greed that drove them?

Would the banks accept bitcoin sooner or later from your opinion?

Let's share our views!

they will accept bitcoin in the future transaction because that is the technology they should adapt what is the trend now and every innovations and everything that is essential for the business someone should adapt it.


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August 20, 2018, 01:59:24 AM
 #39

The capabilities of Bitcoin  will see it be a major disruptive force to traditional banks and their archaic methods.  There is a saying that goes:  "If you can't beat them, Join them"
This is exactly what banks will do,  adopt Bitcoin and use it to carry out transactions. If they don't,  they risk the chances of being thrown extinct because their failure to innovate.  All it needs is time,  it will surely happen.

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August 20, 2018, 02:34:50 AM
 #40

You must have at one time seen bitcoin service in most Automated Teller Machine (ATM)  in some banks should you ive in Nigeria in later year. But not anymore!
Ever wondered why they ventured into that before?

Could it be that they were optimistic about the potentials it avails or were just driven at the rate at which it rose in the market and how people patronize it?

Could it be that it was greed that drove them?

Would the banks accept bitcoin sooner or later from your opinion?

Let's share our views!

It seems that it will be difficult for banks to accept bitcoin as one of the payment media. Why is that?

Because banks use the country's financial method as financial, if until bitcoin is present at the bank, this is very influential on currencies around the world. because bitcoin price movements are unstable and tend to fluctuate high, most likely it will not happen.


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