Bank in Norway now supports Bitcoin - page 4.

iv4n

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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.

Paashaas

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

paul gatt

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Quote from: Vaskiy on May 16, 2017, 08:34:25 AM

This has been growing more and more. In a recent news got to know about Ireland's biggest bank had made tie up with several other banks to function based on a ethereum based blockchain technology for all its domestic payments. Soon can experience more and more similar acceptance from lot of banks.

I used to think that bitcoins would stop at $ 1800, however, more and more countries were adopting bitcoin, which made it legal, and its value rapidly increased. And I believe it will go up even higher, this can be a good investment opportunity.

Agrello

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This comes as no surprise, many banks have started to do this. They obviously see the danger of loosing control of money flow and people going towards BTC. So the only way to get people to keep their cash with them is to support BTC. It really shows their weakness, for many years telling people to not touch it, and now saying ah yeh we support it, just keep it with us, which most people unfortunately will because they think its safer that way.

buenav

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Quote from: Vaskiy on May 16, 2017, 08:34:25 AM

This has been growing more and more. In a recent news got to know about Ireland's biggest bank had made tie up with several other banks to function based on a ethereum based blockchain technology for all its domestic payments. Soon can experience more and more similar acceptance from lot of banks.

And people will be using blockchain technology indirectly without even realizing it. That is the future of blockchain for technically incompetent people, they will use it in all walks of life without even being aware of it.

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This has been growing more and more. In a recent news got to know about Ireland's biggest bank had made tie up with several other banks to function based on a ethereum based blockchain technology for all its domestic payments. Soon can experience more and more similar acceptance from lot of banks.

ABCbits

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It's great too see bank support bitcoin rather than oppose even though i'm not sure if they either provide bitcoin investment, wallet or only legalize bitcoin transaction.
But, i wouldn't associate any of my bank account with bitcoin transaction.

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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

This is a good news that a bank do already recognize bitcoin but doesnt mean they do store it which is somehow useless at all if they do redirect users to coinbase and its just like all the same on purchasing directly to coinbase.Seems like they are just making partnership? What you think? I would rather choose to use my own bitcoin wallet than bothering on buying btc through banks.

mmo4me.2016

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Great information for the BTC, a new currency acceptance, I am always interested in BTC and read almost new relevant information /

merchantofzeny

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Quote from: hase0278 on May 14, 2017, 07:26:52 PM

Quote from: merchantofzeny on May 14, 2017, 07:12:30 PM

This just sound a bit, meh. Local exchanges in our country allow us to buy bitcoins using our money from most banks here. This seem to be the setup with this bank you mentioned. What I'm curious is, is it the only bank there that allow this?

It really isn't like that. I looked into OP's linked and their new service looks like a web wallet that is centralized removing decentralization feature to bitcoin though it seems to be setup like how you mentioned it. The only difference is that the bank itself owns the online banking site which is like a bitcoin web wallet itself. This can be good for bitcoin though since it might make more banks from Norway adopt it and thus will boost price.

Oh, cool. Ours is just an exchange, though it links to every major bank here. They're currently only working with btc and php thought I heard they're planning to include str.

Now that I thought of it, it would be cool to have an actual bank provide this service. Maybe there's a separate wallet in it for btc and fiat and you can send your trading profits to either and have that used to top up a cash card if you use one.

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Quote from: Immakillya on May 16, 2017, 07:02:32 AM

That's good. But i doubt it will be good for bitcoin holders. Banks and bitcoin are against each other. But that's interesting see the progress of that. I saw also an upcoming bank that will accept bitcoin. Its Polybius. Let's see if this project will catch interests of people. Good luck with this project.

Yes, basiccally the Banks doesn't like bitcoin because the bank is centralization
but all of us know bitcoin is decentralized,
it will not be successful on my opinions even the bank on in Norway
can not do purchasing bitcoin on there, just get bitcoin on markets of digital coins.

Immakillya

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That's good. But i doubt it will be good for bitcoin holders. Banks and bitcoin are against each other. But that's interesting see the progress of that. I saw also an upcoming bank that will accept bitcoin. Its Polybius. Let's see if this project will catch interests of people. Good luck with this project.

btccashacc

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It's very rarely to see the banks collaborate with bitcoin company since they are only interested on technology behind bitcoin the blockchain not the bitcoin itself cause they think that bitcoin is such a competoitor for them. However it would help Norwegian to purchase bitcoin directly with their fiat. Btw how are fees applied when people buy bitcoin through this bank?

Quote from: piebeyb on May 16, 2017, 03:24:41 AM

I think the same thing about it where the banking system in the future will be eliminated with bitcoin

Nah, i don't think so they "the bank or even the government" will not adopt bitcoin as their official currency since they can't control it. The only thing that they can do is transform their traditional system to the new system using blockchain technology, as you can see the government and financial corporation in some countries are learning this technology.

LevshaK1

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Quote from: DoublerHunter on May 16, 2017, 05:20:26 AM

Quote from: piebeyb on May 16, 2017, 03:24:41 AM

I think the same thing about it where the banking system in the future will be eliminated with bitcoin

Banking system will not be eliminated by bitcoin because they will not allow this to happen and banking is one of the common money transaction that you can do and without banking they cannot control the flow of money which will lead them for a panic situation. I think bitcoin will be just partner by banking system and there will be no elimination.

Yes, bitcoin can become only a partner for the banking system, if it can survive numerous developments of competitors.

buenav

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Its going to become more and more common for banks to make partnerships with bitcoin companies as it gets more popular. I don't think banks currently see bitcoin as a real currency but rather as an investment product they can offer to clients who are interested in the cryptocurrency concept.

This Norwegian bank hasn't really done much by just redirecting to coinbase but its a first step and there will be more and more interesting partnerships coming out merging the established system with bitcoin.

DoublerHunter

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Quote from: piebeyb on May 16, 2017, 03:24:41 AM

I think the same thing about it where the banking system in the future will be eliminated with bitcoin

Banking system will not be eliminated by bitcoin because they will not allow this to happen and banking is one of the common money transaction that you can do and without banking they cannot control the flow of money which will lead them for a panic situation. I think bitcoin will be just partner by banking system and there will be no elimination.

piebeyb

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I think the same thing about it where the banking system in the future will be eliminated with bitcoin

7daystodie

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Quote from: Stariroy on May 16, 2017, 03:15:30 AM

Little by little Bitcoin is now being recognized as a tool by many banks. As the users of Bitcoin will rise, am sure that many other entities in the banking sector would take a look at Bitcoin and how they can be able to partnered with the cryptocurrency so as to facilitate better transactions and get more income as well. Banking is all about money...when they sense they can get income from something and it is legal then they will go for it.

Yes, when people understand that this is legal and can be earned with bitcoin, the number of users will increase significantly and the price will also rise very well.

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Little by little Bitcoin is now being recognized as a tool by many banks. As the users of Bitcoin will rise, am sure that many other entities in the banking sector would take a look at Bitcoin and how they can be able to partnered with the cryptocurrency so as to facilitate better transactions and get more income as well. Banking is all about money...when they sense they can get income from something and it is legal then they will go for it.

densuj

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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

I think the bank is not support for bitcoin because we will be redirected to coinbase in order buy bitcoin
we know about coinbase to buy and sell bitcoin, should the bank doesn't just redirect to coinbase
but they gives the service to buy and sell bitcoin on their bank, it is mean they are really support bitcoin
because on their bank there is fetures for comunity of bitcoin to buy and sell bitcoin and make easy to getting bitcoin.

Topic: Bank in Norway now supports Bitcoin - page 4. (Read 6043 times)