Bitcoin & Banks

[sijonru]

As I know, many banks are interested in ripple technology. Their blockchain more suitable for banks. Fast transactions, low fees, big capitalization. Bitcoin isn't so interesting for them.

Bitcoin is a digital currency that is decentralized and peer to peer so that in its activities it does not use banking services. However, the blockchain technology that accompanies Bitcoin is very much in demand by banks because it works so efficiently that it can increase productivity and suppress waste in various fields.

[coinnumber]

Something very similar to the current banking system where there is no anonymity and decentralization and from the coins that we currently have, I think Ripple fits the description.

Bitcoin and Banks are two things with slit difference, bitcoin is mainly used for transactions and its decentralized, carry out its operation based on blockchain technology While banks operate in a centralized system and their transactions involved third party which makes it to be slow and also incurs high fee.

[kotajikikox]

Bitcoin and bank always support each other, bitcoin never become more popular without have bank support, how to make deposit and withdraw without have connection between bitcoin account and bank.

Do tou have a point that is common use bitcoin and banks  herein my location i convert bitcoin into fiat money through banking parthnership through online its  good and convience for me.

[jerrison]

the banks and bitcoins in my own perspective i will say they are not best of friends at all since they do not work collaboratively and such will bring about a degree of non compliance as they do not have what connects them as there is no room for the bank in the blockchain technological design and there is non to be considered anytime soon.

[xWolfx]

If Bitcoins were introduced in banks, there'd be probably a different protocol made by banks if I'm correct? What would it be like?

It would definitely use Blockchain instead of the regular web applications to do bank operations.

Of course that wouldn't come overnight, it will be a big switch and slow change but it will definitely happen due to all the advantages of Blockchain over the regular interconnection of today. And when Bitcoin is one of the main waves if not the main one then everybody will take Bitcoin seriously.

[Bijikopi]

banks in the world should be willing to collaborate and complement each other with digital currencies like bitcoin. if this happens it will create a new economic system order, a system of exchange or future currency, this can lead to a very good era of the future.