All world banks need bitcoin now big solution

[Noctis Connor]

They need bitcoin to use it reseve asset.
So if. China bank needs eur currency they dont need direct buying or exchanging china fiat to eur or find correspondent intermediary bank to do transactions.

They can do the transactions with btc or eth works too.
Btc can replace all wire and swift transfers between banks.
When jp morgan want to send funds to japan they just send btc their wallet.
And its a instant world transactions

This seems nice about fiat to fiat how ever if you're making some transaction with fiat into crypto not all people are doesn't have knowledge about bitcoin or doesn't know anything about bitcoin people might get confuse about that this kind of good solution can only be implemented if people will learn from it. And if ever this "happens" it will make our life easier whenever we want to send money aboard. Let's all hope that this would happens because we knew that bitcoin and other crypto is the future of our world.

[Nunoluck]

I think it's not as easy as that. There are also political factors. I personally think that the risk is too big. Today cryptocurrency market is still can be manipulated by big investors, imagine if there are some countries who manipulate the market to destroy other countries economy. I think world bank can use bitcoin if bitcoin is already accepted and used by people in all countries. That is a solution but not for now.

[lev_g_1962]

Nine world-renowned banks such as JP Morgan Chase, Royal Bank of Scotland, Goldman Sachs, Barclays, etc. are working with New York-based financial technology company R3 to establish a new framework based on the Bitcoin blockchain.

[Janation]

That will not happen.

In the past, they hate the main existence of Bitcoin because of how it pumps its value saying that it is a bubble that would pop, or a currency to be used illegally, until now. That is why I don't think they will be relying on bitcoin or any cryptocurrencies as their solution. They will find their ways for that solution and I don't think it will be these cryptocurrencies.

[iv4n]

I think it's not as easy as that. There are also political factors. I personally think that the risk is too big. Today cryptocurrency market is still can be manipulated by big investors, imagine if there are some countries who manipulate the market to destroy other countries economy. I think world bank can use bitcoin if bitcoin is already accepted and used by people in all countries. That is a solution but not for now.

It's not easy, and most likely we will not see this merge! Banks don't need Bitcoin, they have their own system, and for us who are with Bitcoin, for sure we know that Bitcoin doesn't need banks, simple as that, with Bitcoin (and I must add some other good projects where you have your private keys) you can be your own bank!
Knowing that, this topic doesn't make much sense, and it's not what crypto stands for, in two ways... I explained the first reason, with crypto you can be your own bank, second and more interesting, banks are centralized, while Bitcoin (and some alts) are decentrealzied!

[Ziskinberg]

I think it's not as easy as that. There are also political factors. I personally think that the risk is too big. Today cryptocurrency market is still can be manipulated by big investors, imagine if there are some countries who manipulate the market to destroy other countries economy. I think world bank can use bitcoin if bitcoin is already accepted and used by people in all countries. That is a solution but not for now.

It's not easy, and most likely we will not see this merge! Banks don't need Bitcoin, they have their own system, and for us who are with Bitcoin, for sure we know that Bitcoin doesn't need banks, simple as that, with Bitcoin (and I must add some other good projects where you have your private keys) you can be your own bank!
Knowing that, this topic doesn't make much sense, and it's not what crypto stands for, in two ways... I explained the first reason, with crypto you can be your own bank, second and more interesting, banks are centralized, while Bitcoin (and some alts) are decentrealzied!

I absolutely agree, banks does not need bitcoin because they are centralized, in fact, some banks does express already their stance on crypto and some have already ban it with the order of the government.

Actually we have some some news that Nigerian government bans crypto.

https://www.coindesk.com/binance-suspends-deposits-in-nigeria-following-central-bank-directive

[zanezane]

That will not happen.

In the past, they hate the main existence of Bitcoin because of how it pumps its value saying that it is a bubble that would pop, or a currency to be used illegally, until now. That is why I don't think they will be relying on bitcoin or any cryptocurrencies as their solution. They will find their ways for that solution and I don't think it will be these cryptocurrencies.

Of course it won't happen, if banks want to transfer, they don't need to have a real money to do a transfer, what they need is that they are a legitimate entity and a little tweaks in the computer on the numbers of how much amount that entity has is enough for a transfer, and they still hate bitcoin and there is no way that this banks will cooperate with their nemesis knowing that if they ever do so, they will fail miserably. I think they had already found their solution and it is not bitcoin or cryptocurrencies but they are trying to replicate the system which is by far they haven't been successful thankfully.

[Argoo]

I think it's not as easy as that. There are also political factors. I personally think that the risk is too big. Today cryptocurrency market is still can be manipulated by big investors, imagine if there are some countries who manipulate the market to destroy other countries economy. I think world bank can use bitcoin if bitcoin is already accepted and used by people in all countries. That is a solution but not for now.

It's not easy, and most likely we will not see this merge! Banks don't need Bitcoin, they have their own system, and for us who are with Bitcoin, for sure we know that Bitcoin doesn't need banks, simple as that, with Bitcoin (and I must add some other good projects where you have your private keys) you can be your own bank!
Knowing that, this topic doesn't make much sense, and it's not what crypto stands for, in two ways... I explained the first reason, with crypto you can be your own bank, second and more interesting, banks are centralized, while Bitcoin (and some alts) are decentrealzied!

Yes, banks do not need bitcoins, banks operate on completely different principles and do not intend to change them. They will use blockchain technology, but not a decentralized cryptocurrency. Soon, their digitized currencies of central banks of various states will appear en masse, and it is they who will be opposed by states to decentralized cryptocurrency.

[oHnK]

They will use blockchain technology, but not a decentralized cryptocurrency. Soon, their digitized currencies of central banks of various states will appear en masse, and it is they who will be opposed by states to decentralized cryptocurrency.

Yes, central banks in countries are busy making their version of crypto but it will not be the same as normal and decentralized crypto.  They will later issue their version which they will still manage.  So that it will conflict with crypto principles in general.  Several countries have prepared such as China, India to my country.  I will never believe Bitcoin will be needed by banks.  Because of their centralized principle they will not be violated.  They always feel that they must regulate the world economy.

[KennyR]

For this cryptocurrencies needs to be regulated. Right now very few countries have regulated the usage of cryptocurrencies. The central banks of every country were under the control of the government. Upon this it isn't possible to make official transactions as we do through wire. Banks around the globe are into development and integration of blockchain into banking operations. Maybe in the future when things go regulated bitcoin might be considered by the banks for cross border transactions.

[sana54210]

banks does not need bitcoin because they are centralized, in fact, some banks does express already their stance on crypto and some have already ban it with the order of the government.

Actually we have some some news that Nigerian government bans crypto.

https://www.coindesk.com/binance-suspends-deposits-in-nigeria-following-central-bank-directive

There are some that banned it and I agree with that, however there are some that is looking into it as well. There are banks that started to accept bitcoin deposits and withdrawals in Germany I believe, or there was a law stating that banks would have that option if they want to and I do not know if it started or will start in the future but at least I know that as long as laws will allow that banks will go into bitcoin as well.

And the amount of banks that are looking into blockchain technology is huge, sure that may not be crypto currency but that is the underlying technology so banks having their own blockchain would mean something for the crypto world and would be a credit to how secure and safe and fast it is compared to what we have in the world already. So long story short there are both sides of the coin, some that ban bitcoin and some that like bitcoin.

[hulla]

For this cryptocurrencies needs to be regulated. Right now very few countries have regulated the usage of cryptocurrencies. The central banks of every country were under the control of the government. Upon this it isn't possible to make official transactions as we do through wire. Banks around the globe are into development and integration of blockchain into banking operations. Maybe in the future when things go regulated bitcoin might be considered by the banks for cross border transactions.

If because Bitcoin decentralization, the potential it posed for borderless and to remove what hinder it to be mainstream of payment was the reason you believe cryptocurrency must be regulated then I will consider you to still be naive cause we don't need the banks to consider Bitcoin now for if Bitcoin is regulated then what Satoshi planned when he created Bitcoin was destroyed by the community.
Having said that, we don't need the banks or government to regulate Bitcoin, and the last time I check they can only regulate its usage.

[KennyR]

For this cryptocurrencies needs to be regulated. Right now very few countries have regulated the usage of cryptocurrencies. The central banks of every country were under the control of the government. Upon this it isn't possible to make official transactions as we do through wire. Banks around the globe are into development and integration of blockchain into banking operations. Maybe in the future when things go regulated bitcoin might be considered by the banks for cross border transactions.

If because Bitcoin decentralization, the potential it posed for borderless and to remove what hinder it to be mainstream of payment was the reason you believe cryptocurrency must be regulated then I will consider you to still be naive cause we don't need the banks to consider Bitcoin now for if Bitcoin is regulated then what Satoshi planned when he created Bitcoin was destroyed by the community.
Having said that, we don't need the banks or government to regulate Bitcoin, and the last time I check they can only regulate its usage.

Myself too said about the regulation of the Bitcoin usage. Without regulation governments will not support the banking system to use it on mainstream transaction. Agreed, if the Bitcoin network is regulated then it is truly destroying the vision of Satoshi for which he made such a marvelous innovation.

[HunterBTC]

Because of the increasingly attractive conditions for investing in what can be used in the long run, it may be possible to collect or purchase digital assets with various considerations of shareholders or others.

[angrynerd88]

It is troublesome at the display time for governments and banks to acknowledge Bitcoin since they are totally against it, Bitcoin is decentralized whereas the government and banks need centralization and control so I think that most governments within the world will not move to bitcoin but to computerized money since the advanced currency is centralized and this is often what they like, so I think within the future Close all governments will work to form their national advanced cash.

[OpenCryptoSystem]

It is troublesome at the display time for governments and banks to acknowledge Bitcoin since they are totally against it, Bitcoin is decentralized whereas the government and banks need centralization and control so I think that most governments within the world will not move to bitcoin but to computerized money since the advanced currency is centralized and this is often what they like, so I think within the future Close all governments will work to form their national advanced cash.

They are not against it they just wait for right time

[kolbalish]

This is a very big word that All world banks need bitcoin now as a big solution. I don't think so because the world banks are not in a position yet and Bitcoin can't reach a position yet that there are no other options for banks. But there are some reasons for banks are to invest in BTC for more profit. But banks are against cryptocurrencies to keep their position in the market.

[OpenCryptoSystem]

This is a very big word that All world banks need bitcoin now as a big solution. I don't think so because the world banks are not in a position yet and Bitcoin can't reach a position yet that there are no other options for banks. But there are some reasons for banks are to invest in BTC for more profit. But banks are against cryptocurrencies to keep their position in the market.

Banks not against it
They make money out of this
Btc transactions end up in banks

[hulla]

For this cryptocurrencies needs to be regulated. Right now very few countries have regulated the usage of cryptocurrencies. The central banks of every country were under the control of the government. Upon this it isn't possible to make official transactions as we do through wire. Banks around the globe are into development and integration of blockchain into banking operations. Maybe in the future when things go regulated bitcoin might be considered by the banks for cross border transactions.

If because Bitcoin decentralization, the potential it posed for borderless and to remove what hinder it to be mainstream of payment was the reason you believe cryptocurrency must be regulated then I will consider you to still be naive cause we don't need the banks to consider Bitcoin now for if Bitcoin is regulated then what Satoshi planned when he created Bitcoin was destroyed by the community.
Having said that, we don't need the banks or government to regulate Bitcoin, and the last time I check they can only regulate its usage.

Myself too said about the regulation of the Bitcoin usage. Without regulation governments will not support the banking system to use it on mainstream transactions. Agreed, if the Bitcoin network is regulated then it is truly destroying the vision of Satoshi for which he made such a marvelous innovation.

We understand the government's viewpoint when it comes to the decentralization of crypto currency cause they only want to abuse or cause more harm to the network just like they did with fiat by regulating crypto However, we need crypto to be regulate before it can be mainstream of payment and some governments have already supported it

[3meek]

I think the banksters have owned a lot of bitcoins for a long time! Because bitcoin is now entering a phase of universal acceptance... And when it is widely used, banks will start to use it as well as other cryptocurrencies... It's only a matter of time...