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Author Topic: Why the bank would accept bitcoin sooner or later.  (Read 281 times)
zenrol28
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August 20, 2018, 02:46:03 AM
 #41

Banks are already done for when people use bitcoin as a currency. There will be no more use for slow wire transfers when people is just a tap away from sending money to any part of the world with bitcoin and only costs cents to transfer.

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Lucas_Farmer
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August 20, 2018, 03:40:13 AM
 #42

it is a two way system here I mean that if the banks start using bitcoin then it will become socially normal and people will adapt and get used to it, thus making bitcoin more popular. On the other hand when bitcoin becomes more popular all over the world, the banks will have no choice but to accept it as well so that they dont miss out on making extra profit. But one thing is for sure once the banks start using it then the technology to use and transfer will develop mush faster as the banks will compete against each other.
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August 20, 2018, 03:55:06 AM
 #43

The banks are welcome cryptocurrency however, they need to know if the gov allow them. As I know there are so many bank directors are using and investing in cryptocurrency. But there is no official announcement about that.
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August 20, 2018, 03:57:23 AM
 #44

If banks want to take bitcoin now or not, sooner or later everyone will have to take bitcoin. As every day, bitcoin develops and becomes more populous. Banks need to keep up with the times.
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August 20, 2018, 04:00:26 AM
 #45

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.
even so, I think cryptocurrency is safe enough to be used as a transaction medium, because we know that cryptocurency is difficult to fake
even today, BTC is still safe without anyone being able to make cryptocurrency replicas with this chain system

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August 20, 2018, 04:01:12 AM
 #46

If all banks in the world are interested in bitcoin, then surely they will accept it and bitcoin can be officially authorized. Currently there are only a few banks that are interested in bitcoin, namely:
- State Street Bank - US - Commonwealth Bank Of Australia, ANZ Bank - Australia
- NH Bank, Kookmin Bank and KEB Hana Bank - South Korea
This is amazing!
Bitcoin potentials has already been seen by some.
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August 20, 2018, 05:31:52 AM
 #47

they should accept bitcoin because bitcoin has the possibility to boom in the next few years. Bitcoin has the power to give you profit and we can easily use bitcoin as a way of dealing or having a transaction. Just like banks we can deposit or withdraw our coins because if the banks wouldn't accept bitcoins it may affect their banking business and there's a tendency that they will lose a bunch of wealthy people on their banking business.
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August 20, 2018, 09:56:52 AM
 #48

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.

yes, I agree with you.
Maiscoinyelo
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August 20, 2018, 10:01:09 AM
 #49

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!




Sooner or later bitcoin or online currencies will rise and be relevant in our world, so banks will definitely accept it for them to be relevant. Banks will need to accept bitcoin in the future for faster transactions.

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carrascos
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August 20, 2018, 10:15:51 AM
 #50

I also think that banks will side with the crypto currency. but most likely they will be under their control ...

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August 20, 2018, 11:03:22 AM
 #51

Yes they will.

Some of them have already started. Multiple banks across the globe have started testing crypto payments and have made tie-ups with popular crypto coin,Ripple.
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August 20, 2018, 11:11:12 AM
 #52

it is unlikely that the banking system will ever introduce bitcoin. such transparency it's not profitable for banks or influential bankers, because people will know what happens to their deposits
Macon Bargeman
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August 20, 2018, 11:16:56 AM
 #53

 Banks are generally “for profit” companies.
 They are also highly regulated by state and federal agencies. If they can find a way to work with bitcoins that are easy, profitable, and without getting the regulators all worked up, I am sure they will do that. I know major banks are looking at the block chain. In a few years they will probably start doing that.
samcrypto
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August 20, 2018, 11:20:33 AM
 #54

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.
Bank might adopt the blockchain instead, because bitcoin is quiet expensive and its price really dumps easily. XRP is the best example of the altcoins that is suitable more for the banks actually a lot of banks are now under this technology and I do believe more banks will come in the future. Banking system will adopt cryptocurrency, they have no choice because this is a growing market now.
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August 20, 2018, 11:26:35 AM
 #55

Yes, banks will accept Bitcoin sooner or later, because the encrypted community is developing rapidly, and now banks are feeling the threat. Although banks are very exclusive of Bitcoin, banks will have to accept the encrypted world after the community has developed to a certain scale. Banks that do not accept Bitcoin will be abandoned by the times.
flash101k
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August 20, 2018, 11:30:58 AM
 #56

The blockchain is a new platform to attract a lot of technology developers to pay attention. Considering all we can see Blockchain considered as a technology of the future, so many of the world's banks are adopting Blockchain solutions and integrating them into their technology.
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August 20, 2018, 11:34:02 AM
 #57

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.
even so, I think cryptocurrency is safe enough to be used as a transaction medium, because we know that cryptocurency is difficult to fake
even today, BTC is still safe without anyone being able to make cryptocurrency replicas with this chain system
I agree with the opinions you give. The current cryptocurrency is considered to be extremely secure and there are no signs of vulnerabilities that make it hackable. The safety of cryptocurrency can be considered almost absolute at present. I realize that the use of cryptocurrency will not encounter any fraud.

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August 20, 2018, 11:39:26 AM
 #58

Accepting bitcoin is not profitable for banks. I know that some banks use blockchain tech, but I guess bitcoin isn't in their interests.
Of course it is not. But as the technology goes forward they will have to adapt otherwise they will end up out of the game. Similar as what happened with the internet. Some were against it but at the end all had to accept it.

Bulljcak
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August 20, 2018, 11:46:14 AM
 #59

They will learn how to accept bitcoin soon , but I think it takes a long time to happen.

someday if the government will accept btc then all the bank and establishment will follow.if thats happen,i'm so happy to be apart in this btc currency.
Courtney78Green
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August 20, 2018, 12:02:11 PM
 #60

If the transaction takes place quickly and the bank can receive the fee. So why not accept soon?
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