Bank in Norway now supports Bitcoin - page 3.

deisik

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Quote from: bitart on May 25, 2017, 11:49:16 AM

Quote from: deisik on May 24, 2017, 03:11:52 PM

Quote from: stompix on May 22, 2017, 10:40:07 AM

Quote from: Victorycoin on May 21, 2017, 06:22:50 PM

Quote from: chixka000 on May 19, 2017, 08:57:01 PM

I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Truth be told, this bank is simply out to cut its own cake out of something that is trending and full of potentials and not necessarily an acceptance, the two should never be mixed up. And acceptance sure cant work because it would be against the interest of the authorities that regulates the banks.

The two should never be mixed up because banks and bitcoin are different.
Only newbies or die hard government haters believed for more than a second bitcoin is going to replace banks..
How?

I want to take a loan, where do I go? To the shrine of satoshi and pray?

I never visited that part of the forum myself, but folks are saying that there is a whole board meant specifically for loaning out and thus taking loans in bitcoins. I for one wouldn't give you even a single satoshi (you don't look trustworthy to me) but someone may be willing to help alleviate your pains if you are seriously looking for that (not for free, of course). Though I have doubts that you really want to take a loan

Since otherwise you would have known where to ask (for a loan)

It was only an example, I guess, to indicate that Bitcoin needs to improve to really be used for lending and borrowing. Now, there are just a few guidlines to decide if someone is eligible for loan or not. Lenders' risks are only covered with a few kinds of collaterals, mostly accounts (login details kept at escrows). If someone defaults the loan, lender can only sell the account. This works as long as the accounts are sellable because of signature campaigns (if someone is not patient enough to wait to get Full or Senior). Interest rates are higher than in the real life (because of the higher risk). If lenders can cover their risks somehow in a more efficient way, interests will drop, and it will also help lending and borrowing

What you said is true, indeed

But you should not forget that banks are free to take as collateral whatever they might see appropriate since they know the identity of the person looking for a loan. Right now, loaning out bitcoins is a very risky business for banks (as has been explained numerous times) but banks are certainly not the only ones who can loan money. Some individuals are doing that in real life, and they make a living out of that. I guess they could loan bitcoins too if there was demand for Bitcoin loans

bitart

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Vires in Numeris

Quote from: deisik on May 24, 2017, 03:11:52 PM

Quote from: stompix on May 22, 2017, 10:40:07 AM

Quote from: Victorycoin on May 21, 2017, 06:22:50 PM

Quote from: chixka000 on May 19, 2017, 08:57:01 PM

I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Truth be told, this bank is simply out to cut its own cake out of something that is trending and full of potentials and not necessarily an acceptance, the two should never be mixed up. And acceptance sure cant work because it would be against the interest of the authorities that regulates the banks.

The two should never be mixed up because banks and bitcoin are different.
Only newbies or die hard government haters believed for more than a second bitcoin is going to replace banks..
How?

I want to take a loan, where do I go? To the shrine of satoshi and pray?

I never visited that part of the forum myself, but folks are saying that there is a whole board meant specifically for loaning out and thus taking loans in bitcoins. I for one wouldn't give you even a single satoshi (you don't look trustworthy to me) but someone may be willing to help alleviate your pains if you are seriously looking for that (not for free, of course). Though I have doubts that you really want to take a loan

Since otherwise you would have known where to ask (for a loan)

It was only an example, I guess, to indicate that Bitcoin needs to improve to really be used for lending and borrowing. Now, there are just a few guidlines to decide if someone is eligible for loan or not. Lenders' risks are only covered with a few kinds of collaterals, mostly accounts (login details kept at escrows). If someone defaults the loan, lender can only sell the account. This works as long as the accounts are sellable because of signature campaigns (if someone is not patient enough to wait to get Full or Senior). Interest rates are higher than in the real life (because of the higher risk). If lenders can cover their risks somehow in a more efficient way, interests will drop, and it will also help lending and borrowing.

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: stompix on May 22, 2017, 10:40:07 AM

Quote from: Victorycoin on May 21, 2017, 06:22:50 PM

Quote from: chixka000 on May 19, 2017, 08:57:01 PM

I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Truth be told, this bank is simply out to cut its own cake out of something that is trending and full of potentials and not necessarily an acceptance, the two should never be mixed up. And acceptance sure cant work because it would be against the interest of the authorities that regulates the banks.

The two should never be mixed up because banks and bitcoin are different.
Only newbies or die hard government haters believed for more than a second bitcoin is going to replace banks..
How?

I want to take a loan, where do I go? To the shrine of satoshi and pray?

I never visited that part of the forum myself, but folks are saying that there is a whole board meant specifically for loaning out and thus taking loans in bitcoins. I for one wouldn't give you even a single satoshi (you don't look trustworthy to me) but someone may be willing to help alleviate your pains if you are seriously looking for that (not for free, of course). Though I have doubts that you really want to take a loan

Since otherwise you would have known where to ask (for a loan)

Monnt

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Activity: 938

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Quote from: The_Dark_Knight on May 19, 2017, 08:38:50 PM

Quote from: Tyrantt on May 14, 2017, 05:35:54 PM

Quote from: cramcram21 on May 14, 2017, 04:37:00 PM

Wow it seems that bitcoin is really being adopted by more country,
Hope that we could see other country to accept bitcoin in the future.

Yeah, we've seen Japan accept it, Australia will from july 1st and I can see South Korea or some scandinavian country following their footsteps aswell. 2017 has been a great year for bitcoin so far. Cheesy

And the best part is that we are past the middle of May so there is a lot of things that could happen in the rest of the year, and that could really make the price skyrocket even more than it has done in the past weeks and months.

You got the point! I hope you are right! I am loving how the price has risen more than $1000 in only a month’s time. I don’t know going back to the OP's statement how a bank can accept bitcoin though. With the price always changing and since nobody really knows what will happen to the currency it doesn’t really make sense for this to be going on. I don’t know maybe I’m missing something.

TTMNewsK

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Activity: 350

Merit: 250

Quote from: Tyrantt on May 14, 2017, 05:35:54 PM

Quote from: cramcram21 on May 14, 2017, 04:37:00 PM

Wow it seems that bitcoin is really being adopted by more country,
Hope that we could see other country to accept bitcoin in the future.

Yeah, we've seen Japan accept it, Australia will from july 1st and I can see South Korea or some scandinavian country following their footsteps aswell. 2017 has been a great year for bitcoin so far. Cheesy

Agree.
2017 is a good year for bitcoin.
There's a lot of great happenings lately.

Dimelord

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Activity: 490

Merit: 500

Quote from: Celsiuss on May 14, 2017, 10:10:31 AM

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English: https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

Thats a great news.Usually banks treat bitcoin as their main rival as they would loose a major part of their revenue which they get from transaction fee.But due to the changing environment and market pressure,banks have to provide service which customers prefer.So they have started to change their attitude towards bitcoin.

emezh10

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Activity: 826

Merit: 501

This is a good thing for all of the bitcoin users all over the globe and a good sign that bitcoin is spreading all over the world i guess it is starting in norway and probably in other country too where they will start accepting bitcoin this last month i heard japan accepting bitcoin as a currency too so good news for us whos a bitcoin holder.

stompix

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Activity: 2912

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Blackjack.fun

Quote from: Victorycoin on May 21, 2017, 06:22:50 PM

Quote from: chixka000 on May 19, 2017, 08:57:01 PM

I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Truth be told, this bank is simply out to cut its own cake out of something that is trending and full of potentials and not necessarily an acceptance, the two should never be mixed up. And acceptance sure cant work because it would be against the interest of the authorities that regulates the banks.

The two should never be mixed up because banks and bitcoin are different.
Only newbies or die hard government haters believed for more than a second bitcoin is going to replace banks..
How?

I want to take a loan, where do I go? To the shrine of satoshi and pray?

Vaculin

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Activity: 2940

Merit: 613

Winding down.

Wow that's awesome!Hopefully we can also have a bank like that here in our country.That would be one of the signs that bitcoin is starting to conquer the whole world.

iqlimasyadiqa

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Activity: 1596

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Quote from: Kisanaq on May 22, 2017, 08:03:29 AM

This is a good thing and make a bitcoin continue to be taken into account, many people thought the bank would make a bitcoin disappear, but I think banks and bitcoin can work together to make better world.

This is the thing we look forward to all. Of course an integrated thing with other services can make bitcoin better. The bank will be more and more demand, will many people who use both services. And this will all impact on the rise in bitcoin prices.

carlfebz2

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Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Victorycoin on May 21, 2017, 06:22:50 PM

Quote from: chixka000 on May 19, 2017, 08:57:01 PM

I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Truth be told, this bank is simply out to cut its own cake out of something that is trending and full of potentials and not necessarily an acceptance, the two should never be mixed up. And acceptance sure cant work because it would be against the interest of the authorities that regulates the banks.

They cant really be mixed up and as you said they do really have different fields and knowing bitcoin it cant be regulated and I think we should not use the term support since its just being used and let you direct to coinbase which means its not totally an acceptance of bitcoin but its just a service which would somehow adds up some money for them.

Kisanaq

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Merit: 277

This is a good thing and make a bitcoin continue to be taken into account, many people thought the bank would make a bitcoin disappear, but I think banks and bitcoin can work together to make better world.

Victorycoin

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Activity: 1134

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Quote from: chixka000 on May 19, 2017, 08:57:01 PM

I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Truth be told, this bank is simply out to cut its own cake out of something that is trending and full of potentials and not necessarily an acceptance, the two should never be mixed up. And acceptance sure cant work because it would be against the interest of the authorities that regulates the banks.

RealSohan

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Hello Bitcoiner

Bitcoin is really improving the country. Many people earn bitcoin income. Bitcoin is a coin that the bank will accept.

imeetup

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Quote from: Celsiuss on May 14, 2017, 10:10:31 AM

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English: https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

Hmm, sounds like the common way of simply being able to link your bank account with coinbase the same way coinbase can be linked to other banks to fund a coinbase account or to sell BTC and directly get fiat deposited into the bank account.

fanita

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Merit: 100

Banks in Norway have supported bitcoin may banks in other countries support as well.

Is there any bank in Indonesia that support bitcoin ?

chixka000

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Activity: 910

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I would agree on diesik on that terms. It is much more likely on a oline shop platform and not much more on acceptance, I doubt thwt it was stated there that you can sell your btc to that bank right? But instead you can only purchase btc and only in the coin base

Celsiuss

full member

Activity: 266

Merit: 100

Quote from: The_Dark_Knight on May 19, 2017, 08:38:50 PM

Quote from: Tyrantt on May 14, 2017, 05:35:54 PM

Quote from: cramcram21 on May 14, 2017, 04:37:00 PM

Wow it seems that bitcoin is really being adopted by more country,
Hope that we could see other country to accept bitcoin in the future.

Yeah, we've seen Japan accept it, Australia will from july 1st and I can see South Korea or some scandinavian country following their footsteps aswell. 2017 has been a great year for bitcoin so far. Cheesy

And the best part is that we are past the middle of May so there is a lot of things that could happen in the rest of the year, and that could really make the price skyrocket even more than it has done in the past weeks and months.

That's what I'm thinking as well. When one company does something, other companies tends to do the same. I think it'll be the same with the banks. A lot of stuff could happen this year. Let's hope that the customers of the bank will like the feature and give positive feedback.

The_Dark_Knight

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Activity: 840

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Quote from: Tyrantt on May 14, 2017, 05:35:54 PM

Quote from: cramcram21 on May 14, 2017, 04:37:00 PM

Wow it seems that bitcoin is really being adopted by more country,
Hope that we could see other country to accept bitcoin in the future.

Yeah, we've seen Japan accept it, Australia will from july 1st and I can see South Korea or some scandinavian country following their footsteps aswell. 2017 has been a great year for bitcoin so far. Cheesy

And the best part is that we are past the middle of May so there is a lot of things that could happen in the rest of the year, and that could really make the price skyrocket even more than it has done in the past weeks and months.

bitart

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Activity: 1442

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Vires in Numeris

Quote from: iv4n on May 17, 2017, 07:05:51 AM

Quote from: Paashaas on May 16, 2017, 08:45:55 AM

In the future all banks will offer Bitcoin accounts for there clients.

I'm not sure in that, in my opinion bitcoin users doesn't needs banks, bitcoin already have all functions that banks offers for fiat currencies. Maybe but only maybe banks can offer something unique to us, but I have no idea what that can be, it will be interesting to see what will they do about bitcoin, because in my opinion bitcoin is a big threat for banking system.

I'm not sure that bitcoin is a big threat now. In my opinion, bitcoin is an interesting startup now from the banks' point of view, they think that bitcoin can be a real competitor for the banks in the future. Banks are trying to develop a similar but centralized system for their own purposes, they won't use bitcoin directly. Maybe they will let the people buy and sell bitcoin like a commodity or make it easier to buy/sell bitcoin thru bank account, but they won't let bitcoin to get integrated into their systems.

Topic: Bank in Norway now supports Bitcoin - page 3. (Read 6044 times)