Bank moving towards bitcoin soon? - page 3.

Mastsetad

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Quote from: abugseuf on October 17, 2016, 03:51:56 PM

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?

Selly Arumsari

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Quote from: unusualfacts30 on October 17, 2016, 08:51:49 AM

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?

I am not sure that the bank will move to bitcoin but if it is true then it is a great thing

Yakamoto

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Quote from: unusualfacts30 on October 17, 2016, 08:51:49 AM

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?

China and Russia are investing in gold partially because the world economy is going to shit and there is a high likelihood that fiat money will become worth far less than it is valued at now very soon. It is unlikely this will be a catalyst to move a majority of the world to digital currencies, and it is more likely we will see a continuation of fiat in some form or another, unless something happens.

abugseuf

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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.

20kevin20

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In a short answer, I'm going to say it's impossible. It means other corporations moving towards Bitcoin, which is anonymity. Governments will NEVER agree with this idea of being anonymous.

ipanks

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i don't think that bank moving because of bitcoin, maybe bank is interesting with blockchain technology because is decentralized and bitcoin offers many benefit for user.

Barbut

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World economy will crash eventually, in last 15 years we saw couple crises, but next one can he big crash.
Chances for world to move on digital currency are pretty realistic to me, that will not be in same moment in all world, but if we see few states adopting digital currencies that can start new trend in world.
Gold is gold, big countries will always invest in that, I think that some big countries already invest in bitcoins or some alt coins, but of course they do it secretly. How would they explain in what they are investing to taxpayers.

prabowo96

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it's showtime

Quote from: kryptqnick on October 17, 2016, 02:04:53 PM

Well, I don't know about gold but I believe OP on that. China is hugely known for its mining farms. I remember that a few months ago there used to be many threads on this topic here. That China is conquering Bitcoin and can even destroy it, becoming a monopolist. Russia is known for making quite good TV programmes about Bitcoin. Maybe, if they buy gold, they do it for people to start using Bitcoin? Huh

How China can destroy Bitcoin?
Buyer just help to the price goes up, and well, if they don't use it, just old, sometimes they will have to sell and the price will go down again, China is a big country, how many people are on this? 0,01%

kryptqnick

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Well, I don't know about gold but I believe OP on that. China is hugely known for its mining farms. I remember that a few months ago there used to be many threads on this topic here. That China is conquering Bitcoin and can even destroy it, becoming a monopolist. Russia is known for making quite good TV programmes about Bitcoin. Maybe, if they buy gold, they do it for people to start using Bitcoin? Huh

MONKEYJUNK

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Banks will never use bitcoin... They just want the blockchain, just check it...
Btw China is f****ng the world economy lol

ekoice

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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

franky1

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google hyperledger,
this is where all the big banks are involved.
but they are not working on using bitcoin just "some" of the technology that bitcoin uses to mak their own private network

there are national banks, commercial banks
UK: Barclays, Royal Bank of Scotland, bank of england
France: BBVA, Société Générale, Banco Santander,
italy: UniCredit, Intesa Sanpaolo
bank of india
Commonwealth Bank of Australia, National Australia Bank,
UBS. Skandinaviska Enskilda Banken, Nordea, Danske Bank, Scotiabank,
Commerzbank, Deutsche Bank,
Bank of America, BNY Mellon, Citi,
HSBC, Mizuho Bank,
Royal Bank of Canada, Canadian Imperial Bank of Commerce.

and then the more private firms
BNP Paribas, Wells Fargo, ING, Macquarie Group, BMO Financial Group, Natixis, Nomura, Northern Trust, OP Financial Group, Sumitomo Mitsui Banking Corporation, U.S. Bancorp and Westpac Banking Corporation.
SBI Holdings of Japan, Hana Financial of South Korea, and Bank Itau of Brazil, Toyota Financial Services, Credit Suisse, Goldman Sachs,J.P. Morgan,
State Street, Mitsubishi UFJ Financial Group, Morgan Stanley,

there are more. but feel free to research how many fingers of worldwide banks are involved in hyperledger. it will shock you

Kprawn

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You should not believe everything you see in the media. They have been predicting a economic collapse for years now. The Doomsday

Preppers have been using that as a reason for hoarding canned food, for just as long. The governments of the world will come with more

Bailouts until they are sucked dry, and then they will dive into the Pension funds. If you want to prepare for the economic collapse, you

should buy some physical goods you can trade, when things get tough. { Cigarettes / Canned food / Clean water } but if you want to

protect your wealth, you should buy Bitcoin, gold and silver. Roll Eyes

CasinoBetGame

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bitcoin can't replace bank or fiat money
bitcoin only digital curency not real curency

audaciousbeing

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My own view on this whole matter about banks is that with the investment and infrastructures devoted to this, its still subjected to government approval which wont come without a cost. Even with government showing interest, then I see the cost being greater in the sense that some of what we enjoy today as users of bitcoin will be out under test where someone can send me money from another part of the world, without any regulatory or bank or government knowing then I see that eroding very fast. Among all its a development in the right direction.

Hoor

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yes it is really going to be in near future. The banks must have to accept bitcoin and they will rally make wallets for bitcoin and will allow people to use banks for bitcoins transactions.

CoolJakeB

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I agree with the majority of the people who have already posted in this thread that it will be a long time until banks move towards Bitcoins and I am not sure if Bitcoins or any other cryptocurrency will ever replace paper money. The reason why so many people are fascinated with the prospect of Bitcoin is because of the anonymity of it. For Bitcoins to be accepted by banks, it would have to be legalized and the anonymity would have to be dropped. For that reason, I don't see it happening any time soon.

samcoin

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Quote from: unusualfacts30 on October 17, 2016, 08:51:49 AM

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?

I read many articles talking about the increasing use of Bitcoin in several countries where there was political or economic bad events, one of these events the previous coup in Turkey, whereas some turkish people were buying Bitcoin while the Lira ( the currency of Turkey) was falling, therefore Bitcoin and Gold will be the greates beneficiaries from any economic collapse.

Denker

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I doubt that you will see any bank moving straight towards Bitcoin.
Before that happens, they will try and test out everything they can with Blockchain.And that can be many years!
But who gives a damn if banks are interested in Bitcoin or not?
Bitcoin was created to have the possibility to live your life without banks!!!

Milkduds

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China has always had a appetite for gold and grabbing it all up is no change in the way they go about business.

The reason I wanted to reply to this thread had more to due with why people are constantly thinking the world economy is going to collapse. When people are in a fear based mindset they tend to think in a unhealthy way when it comes to their investments and they are scared to ride any type of wave. So they pull out as it goes down and jump in as it mid way up and miss the whole point of investing in things,not to mention the fees.
Obama talks about guns a lot and we all know what happens when he does this,the sales go through the roof.
Fear drives the market and our dinosaur brains react to fear more than any other stimulus.

I would always be buying a little gold for rainy days and the swings do not play into my decision making on when to buy as much as I am still buying.

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