Topic: Bitcoin connected to our banks!!! - page 7. (Read 2020 times)
It cannot be joined as one I guess. It is pretty dumb if digital and a tangible currency joined as one and be credited on your bank account. It needs a separation I guess because they might be a complication or a confusion on how it is. That may be good at some point but things might get worse in the other term.
There's a difference between our tangible money and our coins. You cannot bank and store it as one. But think of it, what if your money and your digital currency joined as one and our digital currency changes its price? Would it be accurate to see them as one? That's what I understand in this thread. It could be nice but I guess it is more appropriate if it is separated.
Because bank realize the benefit of blockchain in managing data , so they are connecting with the bitcoin
Agree but aside from that , banks are also aware that bitcoin ( cryptos ) will soon become a good hit , thats why they are now planning to team up with cryptos .
But its not about the good news because there were actually bad news because some banks are still against the cryptos because they think that cryptos are only a threat to their business because many people uses crypto as a currency and an a form of investment at the same time .
Over the past few years, there has been a huge hype around the potential of hindering (or more accurately classifying the ledger technology) to transform the banking industry. But this transition, if indeed happens, it will take a long time, and the main reason is simple: banking infrastructure is by inheritance and tens of billions of dollars have been spent on the construction of such infrastructure. Nowadays, a central bank with the idea of ultra-strong and solid safety design. However, as a result, they sacrifice flexibility and unfriendliness in communication and other technologies. Blockchain technology can help banks to better manage this cash system if apply bank.
Banks are created and is aimed at earning more profit whenever possible and as much as the volatility of the coin is concern, there might be instances so sudden that coin devaluation could occur as a result. So granting the banks could use it, it will go through so much risks of maybe losing to whales dumping coins. So in my opinion it might be that they will not be joining bitcoin but instead they could be interested in making their own cryptocurrency network or blockchain where they would earn a lot for themselves and the control over the money is always on there hands for safety reasons.
Because bank realize the benefit of blockchain in managing data , so they are connecting with the bitcoin
Banks working with Bitcoin kind of defeats the purpose of decentralization right? I'd rather have my crypto separate from banks. I don't think there's any reason you can't use both anyway. Yes, this might be convenient, but we might be looking at further restrictions. On top of that, many banks remain skeptical about Bitcoin, so IF EVER something like this happens, we're looking at the far future.
I’d like to answer with a question. If bitcoin were to be adopted as a currency? Will banks still be needed?
to the extent that the bank is still needed by the public, because not all people know about the crypto world or digital currency. so in my opinion bitcoin won't be used as a currency to replace real currency In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
Then it will be good for bitcoin user and the banks because we can transfer fiat to our bitcoin wallet and I think the process will not take too long to complete. But I wonder, how about the banks? Because I think they need to integrate their system with the blockchain so the transaction can be recorded into the blockchain and gets confirmed.
its good, they help you, make it easy to convert money to bitcoin. but, is there tax you paying for some service maybe. you know if bank cant do it as free.
but we always support if government and bank accept and make some service to bitcoin to make what we do as easy as possible
there will be a tax I don't think it's a problem, because all of that is for the progress of bitcoin and the ease of transaction. if it is true that someday bitcoin will be connected to the bank, the impact will be very enjoyable because it can access quickly and openly.but we always support if government and bank accept and make some service to bitcoin to make what we do as easy as possible
In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
Yes, that will be a good thing. But there must be interconnection between various financial platforms. If this happens then the financial system in the world will become centralized and will become a large system that is used by many people.
There must be support from all parties because when all the support is there it can be realized more quickly.
I’d like to answer with a question. If bitcoin were to be adopted as a currency? Will banks still be needed?
its good, they help you, make it easy to convert money to bitcoin. but, is there tax you paying for some service maybe. you know if bank cant do it as free.
but we always support if government and bank accept and make some service to bitcoin to make what we do as easy as possible
but we always support if government and bank accept and make some service to bitcoin to make what we do as easy as possible
yes i hope in the future we can use bitcoin to pay all the payment, like in the convenience store and online store, and bitcoin can be use every where, because it will very fun if we can use bitcoin everywhere and anywhere
In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
I also support this, how will people easily access and manage their assets, either crypto assets or assets in their bank accounts. however, there is still a very critical problem in the crypto side that must be corrected before this is applied
In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
I also support this, how will people easily access and manage their assets, either crypto assets or assets in their bank accounts. however, there is still a very critical problem in the crypto side that must be corrected before this is applied
In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
If bank really can help people send money via BTC it will be good, but if without a low amount of fees. We know Paypal and Bitcoin is 2 different thing, really different because Paypal based on viat, rate depends on world rate, and Bitcoin is opposite from that, very volatile.
Banks can't really work with bitcoin or cryptocurrency due to it's decentralized nature,they will certainly use the block chain technology, and might offer Crypto currency services,
It will be good for us but not for banks.
Banks have their own fees and regulations which are not the same for Bitcoin.
You can use a third party service to trasfer from your wallet to your bank account but there is and there will not be a direct way to do so.
Banks have their own fees and regulations which are not the same for Bitcoin.
You can use a third party service to trasfer from your wallet to your bank account but there is and there will not be a direct way to do so.
of course, it's a good choice. after I got to know bitcoin, I never saved money in a bank, but I saved it in a bitcoin wallet.
in my opinion, we have to start adapting with the world of bitcoin from now, the bank cannot be trusted, when we save money in the bank, the money will be lost due to monthly administration fees. and it's very bad.
in my opinion, we have to start adapting with the world of bitcoin from now, the bank cannot be trusted, when we save money in the bank, the money will be lost due to monthly administration fees. and it's very bad.
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