Why should Banks / PayPal / etc use Bitcoin instead of their own?

[Harley997]

This is like asking: why use Bitcoin when you can use banks?
You're your own bank with Bitcoin.  
I wouldn't trust a bank again.

ok, but in the end u cant spend your bitcoin on everything u need, so ultimatevly you must use some sort of bank account again,
Its something like chicken and the egg problem

Who says that you won't be able to in the future? This is just a matter of time.

If you wish to spend money now then you cannot on everything

[1715505367]

1715505367

[1715505367]

1715505367

[BTCisthefuture]

Very fair question.

I tend to believe banks would want to utilize the technology of bitcoin with their own coins.  The sooner banks get into the game the easier this will be.  People might not know much about bitcoin right now, but if they see the bank they already use suddenly lets them transfer money for cheaper, why wouldn't they use it. The end user wont care if it's bitcoin or something else, all they care about is the end savings.

[ShakyhandsBTCer]

This is like asking: why use Bitcoin when you can use banks?
You're your own bank with Bitcoin.  
I wouldn't trust a bank again.

ok, but in the end u cant spend your bitcoin on everything u need, so ultimatevly you must use some sort of bank account again,
Its something like chicken and the egg problem

Hopefully in the near future enough merchants will accept bitcoin so this will not be an issue