Topic: Bitcoin connected to our banks!!! - page 8. (Read 2079 times)
Well of our Bitcoin is connected to our banks then that would be a favor for me. I don't disagree with this, but Inam sure that the government will not easily implement this kind of thought that we only crypto people wants for the good.
Banks can't work with bitcoin, search "fractional reserve". Banks may offer some Bitcoin services in future but it won't replace fiat services nor it will be possible to seamlessly juggle/ exchange between bitcoin and fiat.
I agree, banks won't allow to use bitcoin as deposit because as what you have said it won't replace fiat services and that is against the governments law. The government should amend their law before they allow it.
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?
With the volatility of bitcoin value i doubt it will happen exactly the same as you mentioned and besides me as a holder, I will think twice in doing so. I will not let it happen to my money or to my bitcoin since bitcoin price changes even before i blink my eye so it will be stressful for me specially when I see that I am losing instead of gaining. 
Banks can't work with bitcoin, search "fractional reserve". Banks may offer some Bitcoin services in future but it won't replace fiat services nor it will be possible to seamlessly juggle/ exchange between bitcoin and fiat.
What are you talking about, it would essentially be a shapeshift style thing where you enter the amount of use it buys that much off an exchange and sends it to the address you entered. Totally possible.I'm talking about loans, credit cards etc., it wouldn't be profitable for banks to offer bitcoin loans, look at payday loans - banks would have to make their fees that high in case of bitcoin loans because they wouldn't be able to just write off unpaid loan just like they do (to some extent) with fiat loans.
That might not be happening soon as Banks hate anything they can't track back or control.
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, it is quite possible and it already works in some countries. Banks will continue to use Bitcoin and other cryptocurrencies as they legalize cryptocurrencies. Bitcoin is indeed decentralized, but this prevents it from going through bank service. At the same time, no one will attempt to decentralize it.Also in the future, I think, various combinations of cryptocurrency sharing, non-cash and even cash will be invented.
not only will this be good for us and the banking system, but also for bitcoin itself, as this will help to enhance and boost the use cases of bitcoin thereby causing it price to appreciate and bitcoin investors can smile at last. So with this single move, everyone stands to gain alot.
i think i can not happen, it has a bitcoin wallet, we can this to send and recieve bitcoin, if it connect to the bank, we must creat a new wallet to contain money and bitcoin and then the banks will control bitcoin, it is impossible thing. i think it just use your banks wallet to buy bitcoin is a better thing.
It is possible that banks will partially introduce any operations with Bitcoin, but I honestly do not believe in the full acceptance of Bitcoin by banks. These are two different networks, fiat will never be forced out, and Bitcoin will not replace it. Perhaps they will exist in parallel, but in this case, you will have to abandon anonymity. No one bank will service Bitcoin without having client documents.
Yes it is quite possible. If all countries adopt it then it is obvious that it will also be linked to our bank. This will simplify your payment and purchase. You can exchange currency from any country's bank. In any country till then you will be able to pay the purchase by your bank. By adopting it around the world, exchange-exchange exchanges will be closed. You will also be able to escape the exchanging fee.
Bitcoin can not connected to our banks because our central bank can not accept Bitcoin.In that time Bitcoin know to others they are fully secured and they want to maintain all country Banking regulation. Then Bitcoin connect to our bank in the future.
If the government accepts bitcoin, people will enjoy sharing and enjoying it, it will be seen that Bitcoin reputation will be more prominent,
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 the bank allows us to transfer money from an account to a bitcoin wallet, of course the bank will profit from the activity. whether it's a transfer fee or something, it's clear that it will be very pleasant if it happens.
We should not be too preoccupied with the fact that for banks, the accounts in Bitcoin would be advantageous. Banks know anyway to steal profits. In my opinion, banks will never give up on fiat services, and people will hardly adapt to bitcoin if it is backed by a whole complex of countries. Eventually, banks can also find a solution for Bitcoin trading, but dropping out fiat services is impossible. From my information, some banks already allow transactions in Ripple.
IF bitcoin is allowed in most of the countries around the world and most online based companies will start to allow bitcoin as their payment, it will be better for the cryptocurrencies. But the reality is too hard to believe it. Bank can open a part of their service with Bitcoin but not fully possible.
If bitcoin is connected to your bank then that is good news. Technology has many benefits to make your management easier.
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?
This is what will happen because legalisation and allowance of bitcoin to flourish would mean synchronisation with already existing payment systems and I see this even going beyond connecting with banks but other alternative payments such as PayPal itself, Payoneer, Skrill etc. The challenge that could arise would only be on the basis of confidentiality which a lot of people would be sceptical about because the moment you wallet is connected to your bank, you are known no matter the privacy contract they are to comply with.
Bitcoin and fiat currencies operate in two entirely different settings. While bitcoin operates with decentralization, fiat currency is centralized, so I doubt that banks can directly handle your cryptocurrency wallet. What should be important is buying and changing your bitcoin without any problems.
The goal of the blockchain was to no longer be dependent on banks. So in my opinion this information is false, the bank will not be involved in what is happening. It is true that the banks are trying in one way or another to find a way to be part of this blockchain.
Good connectivity when bitcoin and bank have connection each other and make benefit not only for bank but also give more benefit to bitcoin and cryptocurrecy will have higher price at the future, maybe its only dreaming where we can see connection between bank and bitcoin.
i think it will be so interesting if there is a connect between bank and bitcoin but what Way. It is such a difficult to answer
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