Topic: Bank moving towards bitcoin soon? - page 2. (Read 2562 times)
I don't think investing in gold's going to bring in a big market crash, if that's what you meant. Also Banks aren't happy particularly about accepting Bitcoins. I know there are a couple who have accepted it and it's just in countable figures, but almost 99% of the banks would prefer to invest in Blockchain technology, develop their own form of virtual currency and have that circulate in the market rather than support Bitcoin.
People should forget about this as it will never happen.
The only thing banks and other organizations are interested in, is the technology that powers Bitcoin, the Blockchain.
The coin aspect of Bitcoin is something they don't like and never will. And honestly speaking I can understand that as Bitcoin goes against all their values.
Just think about it, will you use something that can disrupt your organization? Exactly.
The only thing banks and other organizations are interested in, is the technology that powers Bitcoin, the Blockchain.
The coin aspect of Bitcoin is something they don't like and never will. And honestly speaking I can understand that as Bitcoin goes against all their values.
Just think about it, will you use something that can disrupt your organization? Exactly.
it's gonna be awesome if bank move towards digital money
Banks are already pointing their fiat system and entire way of doing business to a digital form. If you live in a well developed country, then you'll notice how banks are trying to force contactless payments through in order to push back the usage of cash money. I make use of exactly that and can honestly tell you that this system works more than well. Payments settle instantly without any fees, stores can instantly send back money for items you return, etc. It's a solid and effortless system. Very difficult for Bitcoin to get its foot on this ground.
Yeah banks do that nowadays in relation with modernization. Since people ar now busy and they have a compact schedule. They now don't have time to go to somewhere to pay bills, uy stuffs and etc. So, te banks are now operating online just as what bitcoin is doing. But, the advamtage of bitcoin is that, it offers us to have a money by doing stuffs which banks cannot give us.
In short, I think I will stick with bitcoin rather than banks as it gives me an opportunity to earn while surfing the net.
I've also heard that some world banks have shown the interest about Bitcoin, besides blockchain technology. Also that some are secretly investing in Bitcoin despite the public rebel and hate speaches aginst cryptocurrencies, especialy Bitcoin.
Like they say, if there is a smoke, there is also the fire. It wouldn't surprise me if this was true.
Like they say, if there is a smoke, there is also the fire. It wouldn't surprise me if this was true.
Well that's sounds great news anyway, I also heard that many of the banks in the other country are adopting the system of bitcoin. Most of is true investing secretly and I don't know why there doing it for awhile.
China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?
1. I don't particularly see any significance whether or not they invest heavily in gold. Could be a number of reasons for that.
2. GLOBAL market crash? and it's SOON? Really? Where is this based on? Can't remember how many times I've seen this.
3. Could have provided said Doomsday article. Coulda been a fun read.
4. Digital money doesn't really automatically translate to Bitcoin. And I also think banks are at the polar opposite of bitcoin. That's like centralized and decentralized. Two completely incompatible things. So frankly, I'm not really putting much stock into banks going for bitcoin.
As i know banks do wanna save the huge fees they pay between them, soo its logical to think their blockchain will be internal, people wont have acess to it, maybe banks do make some crypto coin, but its unlike to happen, and wouldnt be beneficts, maybe they would make a savings into those cryto coins. I do believe maybe some bank its already at crypto world, banks do like profit, crypto world is allowing anyone to get and achieve those.
it's gonna be awesome if bank move towards digital money
Banks are already pointing their fiat system and entire way of doing business to a digital form. If you live in a well developed country, then you'll notice how banks are trying to force contactless payments through in order to push back the usage of cash money. I make use of exactly that and can honestly tell you that this system works more than well. Payments settle instantly without any fees, stores can instantly send back money for items you return, etc. It's a solid and effortless system. Very difficult for Bitcoin to get its foot on this ground.
Banks will never use bitcoin... They just want the blockchain, just check it...
Btw China is f****ng the world economy lol
Btw China is f****ng the world economy lol
Pls check out what Swiss tier2 Bank Vontoble has realized.
Valor 32760611 ISIN CH0327606114 Symbol ZXBTUV
And they loudly speak of bulding a direkt wealth depot for Bitcoin
Today there is big news from national Swiss railway comp to sell bitcoin at their terminals!!!
http://www.sbb.ch/en/station-services/services/further-services/bitcoin.html
it's gonna be awesome if bank move towards digital money because all long the way from ancient times form is money had changed from barter system to silver and gold coins and then to paper note and now we have digital currency. so definitely there should be change in money so that we could move with trends and Technology.
It is very llikely bitcoin will take the position of bitcoin.
Nice comment! Probably even you don't know what you wanted to say with this, " very likely bitcoin will take position of bitcoin". You are really 2 good, how much time you needed to write this piece of art?
Bank will never turn toward bitcoins, I just don't see what kind of roll they can play in bitcoin community. Banks can only try to come into blockchain on other way, or to just be investment company like we see on the internet. But I don't trust them, so what ever they decide to do I hope they will not succeed.
It is very llikely bitcoin will take the position of bitcoin.
I don't think so, banks will still take over and control the flow of bitcoin on a certain country. But they won't able to control the price of bitcoin.
Unless they are going to create their own exchange site and policy for the value of bitcoin for their country.
I hope this won't happen.
It is very llikely bitcoin will take the position of bitcoin.
The irony is, a few years ago I had a argument with a investment banker and he told me Bitcoin or the Blockchain will never disrupt the banking service, because the banking service will adapt to the threat. This was long before the R3 group decided to steal the technology.
His words stayed with me for years and when I saw Mike Hearn being recruited from Bitcoin and the trash talk that happened after that, I realized how ruthless these bankers will be, to retain control of the worlds finances, with the help of our governments.
We have handed them a technology to make even more profits to exploit the poor and middle class. The true disruption would have only been possible, if Satoshi had patented the technology and all intellectual property rights belonged to him or her or them.... whoever they are. ^hmmmmm^
His words stayed with me for years and when I saw Mike Hearn being recruited from Bitcoin and the trash talk that happened after that, I realized how ruthless these bankers will be, to retain control of the worlds finances, with the help of our governments.
We have handed them a technology to make even more profits to exploit the poor and middle class. The true disruption would have only been possible, if Satoshi had patented the technology and all intellectual property rights belonged to him or her or them.... whoever they are. ^hmmmmm^
Yes most banks have decided to use block chain mechanism used in Bitcoins because of its high security.They find it worthful to save details in block chain mechanism
Dislaimer: blockchain of bitcoin network is secure because it is backed by huge decentralized processing power. Do you think that private bank's blockchain with processing power of couple dozens of server station will be secure?
It will be nothing more that glorified database.
i think that is their goal! or at least some of them are like this.
they are not looking to adopt bitcoin.
they are not looking for replacing bitcoin with their coin.
whenever i read something with banks and bitcoin, they are only saying "we love blockchain [technology]" and they want to adopt the technology to make their own internal transactions more secure and easy.
Yes most banks have decided to use block chain mechanism used in Bitcoins because of its high security.They find it worthful to save details in block chain mechanism
Dislaimer: blockchain of bitcoin network is secure because it is backed by huge decentralized processing power. Do you think that private bank's blockchain with processing power of couple dozens of server station will be secure?
It will be nothing more that glorified database.
yes i think very soon banks are going to accept bitcoin for transaction as well as for depositing purposes and that is only possible when banks will introduce walllets for bitcoin where people will deposit bitcoin as they deposit fiat currency in their banks.
This is quite unlikely to happen in near future, why would bank gonna allow direct deposit of bitcoin and withdraws as they can't keep track of the source of funds and even if they will allow this they will implement heavy limitation on amount you can deposit or withdraw via bitcoin.Banks need to keep track of all the incoming and outgoing transactions to comply with the national/international financial acts and accepting bitcoin will make them unable to do this. But you can see right now also, they can't stop people funding bitcoin trading platform with direct bank deposit to buy bitcoin as well as people using bitcoin debit cards to withdraw their bitcoin from any visa/mastercard accepted ATM machines.
I think is quite possible, because crypto currencies has become a hit lately, and the feature that crypto currencies is very suitable for their needs and usage which is anonymity and unlimited transaction, and because bank can't provide these two main feature i dont think the bank will adapt or merge with bitcoin soon
Why not buddy, I think you haven't read the news from citi bank of new york. Citi bank completely agrees that bitcoin would be more profitable and added benefit banking. Its a official news from the citi sector. You can google it and find that information.
yes i think very soon banks are going to accept bitcoin for transaction as well as for depositing purposes and that is only possible when banks will introduce walllets for bitcoin where people will deposit bitcoin as they deposit fiat currency in their banks.
And you think people would do that? Not at all, lets suppose, if you have the option to keep your money at home which will be as safe as kept in a bank, then won't you choose to do that rather than giving them in a bank? Ofcourse you will, so if people can already keep their bitcoins with them without letting anyone know about it why would they like to keep their coins in a bank wallet which will be in control of them?
I think is quite possible, because crypto currencies has become a hit lately, and the feature that crypto currencies is very suitable for their needs and usage which is anonymity and unlimited transaction, and because bank can't provide these two main feature i dont think the bank will adapt or merge with bitcoin soon
China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?
The one lot of banks here trailed bitcoin privately and tested it but they didn't use it and I'm unsure why. THey never disclosed this.
I don't think it is suited for banking since it is not designed that way and will never be used that way. So I am not surprised they banks didn't want to use it. Bitcoin is for the people not greedy corporations.
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