Bank in Norway now supports Bitcoin - page 6.

btcdiggingmaster

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Quote from: SoulBargain on May 15, 2017, 01:15:01 AM

Quote from: megynacuna on May 15, 2017, 12:47:51 AM

Quote from: n0ne on May 14, 2017, 11:29:00 PM

That's a good news for the entire users because the circulation of bitcoin increases. Secondly the concern countrymen starts using bitcoin much more than the past. By the falling years we can get more such news, because after the acceptance from Japan more Countries have started to prioritize digital growth.

I agree with you but I hope the support will be fully backed by the Norwegian government and hopefully other European banks will follow up. It speaks well for all Bitcoin enthusiasts because our currency is gaining more grounds by the day.

European countries accepting Bitcoin would be nice thing and spread across the different continents which will dustribute the Bitcoin properly and to everyone else in different parts of the world. Seems like there will be a lot of countries to accept Bitcoin before the year ends.

Yes, accepting bitcoin is always a good news to every user who uses bitcoin and also bitcoin is being accepted by banks is the another reason makes me happy because till now there is no that directly supports bitcoin. But European countries make a forward step in accepting bitcoin this will boost to other sectors who are still not accepting bitcoin.

taxmanmt5

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Quote from: enhu on May 14, 2017, 09:48:48 PM

News like this are going to be common soon. Japan had already started using BTC, I think the rest of the countries will also follow. It may be be just btc too. Ether is also accepted by Microsoft so its going to be later accepted too. All these majors coins may later be accepted by banks.

Japan has motivated other countries on making bitcoin legalized and now it is being followed by other countries. I also heard XRP also will be accepted by few banks and it will really create a race among altcoins also. I think news like this will create an more healthy environment for bitcoins and bitcoin volume and price will increase further with news like these.

AngelSky

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Quote from: Fraxinus on May 14, 2017, 11:07:10 PM

Getting banks to use BTC is something really groundbreaking and it truly shows that BTC has developed and gone onto another level.As soon as the banks start massively using BTC into their activities we know that BTC is being massively adopted

Actually this is not good for bitcoin. They are implementing bitcoin and scratching the block chain technology and creating their own digital coin. First implementation already started by citi bank new York called Citi coin. These kind of move may find a equal range of currency may create among the people.

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Quote from: Fraxinus on May 14, 2017, 11:07:10 PM

Getting banks to use BTC is something really groundbreaking and it truly shows that BTC has developed and gone onto another level.As soon as the banks start massively using BTC into their activities we know that BTC is being massively adopted

banks are essentially service provides with money. and since bitcoin is money and it is getting a lot of traction these days, it is obvious they want in on it. if they start accounts giving profit like what they do with fiat they can attract a lot of funds and then use those funds for whatever they use fiat funds for and make a lot of profit.
not to mention all other methods of making money like giving loans, credit cards, ...

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Quote from: bartolo on May 14, 2017, 04:58:52 PM

If I understood correctly the news is that users instead of sending their money from the bank to Coinbase and wait a couple of days until they arrive they can directly connect the bank account with the Coinbase account and make the purchase instantly. It is a faster way to do it but users should also be more careful about their safety

I never bought anything at Coinbase, so bear with me

But as I understand it, in general you can buy bitcoins directly in your Coinbase wallet, and this shouldn't take a lot of time, just like you pay with your plastic card in an online shop when transactions are near instant. As I see it, purchasing bitcoins at Coinbase shouldn't be any different from purchasing any other goods in Internet. Regarding this Norwegian bank, I've seen some "banks" from that quarter of the world which are not genuine banks (in the way we think) but rather brokerage firms (despite the fact that they have the word bank in their name)

SoulBargain

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Quote from: megynacuna on May 15, 2017, 12:47:51 AM

Quote from: n0ne on May 14, 2017, 11:29:00 PM

That's a good news for the entire users because the circulation of bitcoin increases. Secondly the concern countrymen starts using bitcoin much more than the past. By the falling years we can get more such news, because after the acceptance from Japan more Countries have started to prioritize digital growth.

I agree with you but I hope the support will be fully backed by the Norwegian government and hopefully other European banks will follow up. It speaks well for all Bitcoin enthusiasts because our currency is gaining more grounds by the day.

European countries accepting Bitcoin would be nice thing and spread across the different continents which will dustribute the Bitcoin properly and to everyone else in different parts of the world. Seems like there will be a lot of countries to accept Bitcoin before the year ends.

megynacuna

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Quote from: n0ne on May 14, 2017, 11:29:00 PM

That's a good news for the entire users because the circulation of bitcoin increases. Secondly the concern countrymen starts using bitcoin much more than the past. By the falling years we can get more such news, because after the acceptance from Japan more Countries have started to prioritize digital growth.

I agree with you but I hope the support will be fully backed by the Norwegian government and hopefully other European banks will follow up. It speaks well for all Bitcoin enthusiasts because our currency is gaining more grounds by the day.

n0ne

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That's a good news for the entire users because the circulation of bitcoin increases. Secondly the concern countrymen starts using bitcoin much more than the past. By the falling years we can get more such news, because after the acceptance from Japan more Countries have started to prioritize digital growth.

Fraxinus

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Getting banks to use BTC is something really groundbreaking and it truly shows that BTC has developed and gone onto another level.As soon as the banks start massively using BTC into their activities we know that BTC is being massively adopted

cryp24x

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Definitely any bank involving themselves to one of the companies that are actively promoting and using bitcoin is a great thing. This action may make banks curious about Coinbase transaction and then investigate to know bitcoin better. Once they saw that bitcoin is one of the better ways to create profit, they can possibly use it in their investment system and might be a big thing for bitcoin.

Cherylstar86

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Quote from: enhu on May 14, 2017, 09:48:48 PM

News like this are going to be common soon. Japan had already started using BTC, I think the rest of the countries will also follow. It may be be just btc too. Ether is also accepted by Microsoft so its going to be later accepted too. All these majors coins may later be accepted by banks.

That's so wonderful in sooner time and japan belongs to asia, a possibility to happen that neighboring countries will will also be adopting it in a right time. With regards to etherium that's also a positive thing together with bitcoin implementation. Banks have been transforming all currencies to be associated and certain charges is already acquired as part of the business services profit and comfort to life really brings good effect to people.

enhu

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News like this are going to be common soon. Japan had already started using BTC, I think the rest of the countries will also follow. It may be be just btc too. Ether is also accepted by Microsoft so its going to be later accepted too. All these majors coins may later be accepted by banks.

markjamrobin

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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

Very accurate when you call them bank support. With the information you give, this bank only links to coinbase and launches marketing systems to buy bitcoin for coinbase. This is only a form of bilateral cooperation.

Peter789

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Schuyler

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Although they are still on “testing the waters” stage, you have to commend them for taking bitcoin as an investment tool, given how such banks and other financial institutions are still iffy and doubtful of bitcoin as an investment. They are being non-traditional and seeking for way to give them an edge and they must be thinking that bitcoin is that edge that they are looking for.

Mumbeeptind1963

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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

wow its a great idea , in other thread i have read that the eastern are already accepts bitcoin in their country as well, hoping that many countries will accept it too. and hoping that government will never put high taxes on it.

Wintersoldier

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Quote from: joshy23 on May 14, 2017, 10:22:57 AM

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 this is huge step indeed, but I would be cautious because well all know that banks don't like bitcoin because of its de-centralized features that is why you can buy directly but to use an exchange. But why used banks anyway when you can just buy it thru local coins or exchanges like coinbase that they have pointed at? Well, I think we should monitor and how see things work out with this setup in Norway.

Indeed making a bank accept bitcoib is a huge step for the development of bitcoin. We all know that bank and bitcoin haveva big difference in some aspect but it may also help by the stock and holding processes. If bitcoin want total acceptance of bitcoin for the globalization legality may be a problem but ofcourse bitcoin iw decentalized so we do not want government to manipulate bitcoin because the transaction and the price/value is the best characteristic of bitcoin users reasons on supporting bitcoins development.

hase0278

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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.

merchantofzeny

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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 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?

Zenithar

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Quote from: Sundark on May 14, 2017, 10:54:41 AM

Quote from: deisik on May 14, 2017, 10:21:56 AM

That means that if you have an account in this bank as well as a Coinbase account, you can buy coins directly from your web wallet (in this case, Coinbase) with money in your bank account (and likely vice versa, though I'm not sure). As such this has nothing to do with Bitcoin, since Coinbase essentially operates as an online shop here selling you something (i.e. bitcoins) and debiting your bank account like what regular online shops are doing when you pay with your bank card (it was hard to decipher this Google translated piece)

Still good news. I don't know any other bank which offers similar services, it will certainly improve the way bitcoin can be purchased.
I hope that using your bank account means that additional external verification is no needed anymore and legal issues Coinbase might have will be handled by the bank.
This way of buying coins is way easier than using standard bitcoin exchange.

yes that s really a good news to hear about, personally do no see or know about such banks but hope that with the passage of time we will also be able that our banks will also accept bitcoin and hope that we will be able to use bitcoin in our local shops also. but still it will take some time because bitcoin is still not so much introduce in our area.

Topic: Bank in Norway now supports Bitcoin - page 6. (Read 6063 times)