Bitcoin & Banks - page 6. | Bitcointalksearch.org

BitcoinGirl.Club

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Quote from: OmegaStarScream on December 30, 2018, 10:16:12 AM

I think Ripple fits the description.

Ripple is the perfect example OP is looking for.

Quote from: jimskiy on December 30, 2018, 12:04:11 PM

Bitcoin and bank always support each other, bitcoin never become more popular without have bank support, how to make deposit and withdraw without have connection between bitcoin account and bank.

I don't think bank will ever want bitcoin to take its place. If they start supporting bitcoin then today or tomorrow they will be out of business. They would not let it happen. They will do everything to stop bitcoin which they are already doing. Take XRP as an example. They are misleading people saying it's a cryptocurrency where it's a centralised coin.

liuqi

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Quote from: OmegaStarScream on December 30, 2018, 10:16:12 AM

Something very similar to the current banking system where there is no anonymity and decentralization and from the coins that we currently have, I think Ripple fits the description.

Ripple is a banking sector project and it is centralized platform, so it is perfectly matching for Banks But Bitcoin is completely decentralized platform and Bitcoin is totally against in Ripple platform so Bank and Bitcoin is not fitted at anytime.

mweezy

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Quote from: den50 ,,=topic=5091204.msg48967553#msg48967553 date=1546180310

If Bitcoins were introduced in banks, there'd be probably a different protocol made by banks if I'm correct? What would it be like?

You are some how right, but it will be a every difficult task to accomplished because they have difference operation mood decentralized and centralized so in other to this there will be a need to publish paper bitcoin for bank transaction purpose.

Leonardo7

member

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I think they will just have a software upgrade and ensure better security against hackers. Bear in mind that all the transactions must be tied to your account identity, it means you won't enjoy anonymity anymore. They will surely make huge returns from the transactions as it will be easier and faster to send cash across borders.

khalidxpert

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Ripple is centerlized coin they can pump and dump any time is not it so risky? Experts please explain

jimskiy

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Bitcoin and bank always support each other, bitcoin never become more popular without have bank support, how to make deposit and withdraw without have connection between bitcoin account and bank.

mu_enrico

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Quote from: OmegaStarScream on December 30, 2018, 10:16:12 AM

Something very similar to the current banking system where there is no anonymity and decentralization and from the coins that we currently have, I think Ripple fits the description.

I think it is closer to stablecoins instead of XRP. XRP is backed by nothing, meanwhile, the bank account balance is backed with users' money (deposit), similar to stablecoins.*

*Assumed the third party won't run away with users' money.

dothebeats

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Quote from: OmegaStarScream on December 30, 2018, 10:16:12 AM

Something very similar to the current banking system where there is no anonymity and decentralization and from the coins that we currently have, I think Ripple fits the description.

I agree with Ripple since they're pretty much a bank handing out tokens and advertising themselves as a cryptocurrency. There literally wouldn't be any major difference should bitcoin be present in today's banks, just a different way of handling and interest rates on borrowing etc. Also, I don't see banks employing the use of bitcoins in their systems and services knowing the technicalities involved in handling such. Perhaps there'd be a separate entity for that, or a subsidiary of commercial banks that we know, but they'd never integrate it together with fiat services IMO.

OmegaStarScream

staff

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Something very similar to the current banking system where there is no anonymity and decentralization and from the coins that we currently have, I think Ripple fits the description.

den50

newbie

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Merit: 0

If Bitcoins were introduced in banks, there'd be probably a different protocol made by banks if I'm correct? What would it be like?

Topic: Bitcoin & Banks - page 6. (Read 1588 times)