Banking with your bitcoin - page 2. | Bitcointalksearch.org

voztata

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Quote from: DavidBrown on September 09, 2017, 03:46:34 AM

Actually the Bitcoin wiki says bitcoin is compatible and will be used for and by modern banks.
Like it or not, it actually makes sense to use modern banks with bitcoin for the same reasons we use them with fiat. Lending is a huge and important part of the economy, and some users really don't want to worry about security. You can "be your own bank" with USD Cash but most let banks worry about keeping their money safe. This will almost assuredly continue.

Modern banks ain’t really banks, they’re just like Bitcoin exchanger platforms that goes in the name of “modern banks”. Real banks are the ones controlled by a country’s central bank, so anything else apart from that is not a real bank.

Darker45

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Quote from: jb26 on September 04, 2017, 10:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

It is very possible but I know not one bank that accepts bitcoin as direct deposit from your bitcoin wallet to your savings account. Because there is no one bank that has bitcoin as an option of their account. It might happen in the future if bitcoin will be as widespread as fiat.

maldini

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banks are becoming interested in bitcoin. because the money generated by bitcoin that goes in and out through the bank is very large ....

Wong Gendheng

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I think bank co-operation and bitcoin will be just as mutually beneficial as they can be mutually reinforcing. I'm glad if the bank is willing to accept bitcoin so we can directly pull without need exchanger.

Superways

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Quote from: danherbias07 on September 09, 2017, 11:40:32 AM

It should be but they will not.
They want their own bitcoin even if it is not possible.
This is a lot of money we are talking about and they dont want compensation with every bitcoin that will be deposited.
Remember, when you have lots of money in a bank you can insure it for protection.
What if I insure a lot of bitcoins to them then suddenly it fell in value. That is why they want to create their own.

Good to hear that banking is possible with bitcoin but I have to wait for sometime till the government accepts that it is as a valuable currency and people love it to have it. Because of its security and exponential growth. A lot of people have invested a great amount in bitcoins it will be a great news for them that banking is possible with this currency.

Dobmader

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Quote from: umbara ardian on September 09, 2017, 09:06:16 AM

I do not think that's possible. because banks from now have strongly rejected the presence of bitcoin. banks will not want to risk the presence of bitcoin it is very unlikely banks will cooperate on bitcoin but do not know the future of banks that will lose or bitcoin to be lost

Well bitcoin is strong enough to be carry alone it will never decrease the value and the importance of the bitcoin price. Bitcoin has a lot of wallets to keep your bitcoin in and it will be good enough if they introduce some banks for bitcoin and soon it will be possible we all knows that bitcoin is being accepted by a lot of banks and they are thinking about to make its own bank so that it will be more easy and convenient to use.

Shiver

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Quote from: TheBTCAlex on September 09, 2017, 07:35:25 AM

Banking and bitcoin are pretty much not synonymous. Never does banking come to one's mind when you think about Bitcoin. Its just not happening because of the decentralized nature of Bitcoin. It does not allow banking staff to control it, and it won't let banks profit off of it, the banks won't be able to use it to get any business going. I think that pretty much covers it.
It isn't happening.

Understand and agree with your point, but ... most people aren't as capable as you in knowing how to buy/secure/use Bitcoin. The 'late majority' and 'laggards' will want to 'carry on as you were'.

We don't need the banks as much as banks need us (on a street level pov, not the heavy finance - although the number of street level branches is quite telling wrt who they are harvesting from). They surely don't want to be a Kodak or Blockbuster, which leaves me somewhat confused as to how they will avoid shooting themselves in the foot with their superiority complex.

danherbias07

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It should be but they will not.
They want their own bitcoin even if it is not possible.
This is a lot of money we are talking about and they dont want compensation with every bitcoin that will be deposited.
Remember, when you have lots of money in a bank you can insure it for protection.
What if I insure a lot of bitcoins to them then suddenly it fell in value. That is why they want to create their own.

gredisgold88

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banks receive bitcoin for deposites dnot exist at all, but bank system to bitcoin already exists, and some developers also been there who opened the bank with bitcoin, there also cryptocurrency or ICO share dividend bank profits, this cryptocurrency is a PLBT but token with problematic.

bouren

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Quote from: jb26 on September 04, 2017, 10:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

There is possibility that banks may show up positive attitude towards bitcoin. All depends upon how popularization of bitcoin grooms in a particular country. So if government accepts bitcoin as legal tender then I believe banks would hardly ignore it. Banks may accept it as mean of deposit, assets or make bitcoin bonds. But it is difficult for it to be recognized as currency unit or collateral until-unless its value stabilize significantly.

goldade

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Quote from: DavidBrown on September 09, 2017, 03:46:34 AM

Actually the Bitcoin wiki says bitcoin is compatible and will be used for and by modern banks.
Like it or not, it actually makes sense to use modern banks with bitcoin for the same reasons we use them with fiat. Lending is a huge and important part of the economy, and some users really don't want to worry about security. You can "be your own bank" with USD Cash but most let banks worry about keeping their money safe. This will almost assuredly continue.

I think it's going to be a good thing to do because quite a number of people just have stacks of btc in their wallet waiting for it to increase while we have several others that would need it to develop ideas but because the believe is that only few ICOs are real, we then tend to be more careful but with banks, we get to save ourselves from those troubles of vetting the business proposal which they would do before advancing credit faculties. But the issue now, is when will we be able to do that? Until the time when the integration is fully done, I guess we just need to still stick to our way of doing business.

Dudeperfect

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I don't think Banks will accept Bitcoin as a payment method because there is still volatility in the price and Banks won't be able to deal with any possible loss if there is any. On the other hand, Banks are regulated by the government so unless and until there is any legal recognition through the eyes of the law, it is impossible for the banks to accept it. However, banks are working on blockchain technology to improve their current funds' clearing system to improve the performance. Even some concepts like Ripple are working in that direction.

IamAltcoinfan

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Accepting bitcoin in a bank it's completely depends on each countries but bank can't reject bitcoin because of its security because blockchain technology next level of security even lots of banks trying to adopt block chain technology.

mobnepal

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Quote from: jb26 on September 04, 2017, 10:49:00 AM

Is it possible that banks would accept bitcoin as your deposits directly from your bitcoin wallet? Or they will ban it because of internet security reasons?

They might never accept bitcoin as payment method but they will soon bring blockchain tech in their traditional way of ledger/book keeping to secure all banking transaction. Banks and governments loves blockchain tech and hates the use of bitcoin because it is threat to them...

Flomo

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of course the bank will not take that risk, let alone the stability rate in bitcoin is not stable, with graphics that increase or decrease significantly.

MV7

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Probably a long long time away from banks ever utilizing bitcoins.

jerowacik

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we are still very far away for this kind of thing in my opinion. because there is still a great deal of difference between conventional banks and bitcoin. there must be a new system that can integrate both. probably the easiest is to make the Bank of bitcoin, this can be an alternative, but if viewed more deeply it may look like exchanges because of the similarity of the function is able to accept bitcoin and can also do withdraw local currency in the world.

Skieleton

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I think it's the most real but still too early for that. Banks, are interested in earning. They make money by investing our money. Why would not they do it with BTC?

umbara ardian

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I do not think that's possible. because banks from now have strongly rejected the presence of bitcoin. banks will not want to risk the presence of bitcoin it is very unlikely banks will cooperate on bitcoin but do not know the future of banks that will lose or bitcoin to be lost

medha2009

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Bitcoin is modern currency its adopt most of country all over the world. Now days many country except bitcoin various way. it possible to take bitcoin bank in future.

Topic: Banking with your bitcoin - page 2. (Read 1400 times)