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Topic: Bitcoin is it the Future of Banking ? - page 14. (Read 5914 times)

member
Activity: 156
Merit: 10
August 18, 2018, 08:39:06 PM
It would be possible since we are now in a digital age where everything can already be done online. Who knows couple of years more from now paper currency will no longer exist.
Yeah. Maybe in the future we will have already a crypto currency bank. It is possible if any of the users plan to build a bank.
newbie
Activity: 49
Merit: 0
August 18, 2018, 05:22:55 AM
For me, i dont think that digital money specifically bitcoin will replace the money in government bank because bank that under government have a own system, own transaction and i believe that digital money isnt easy in terms of transaction because theres a lot of procedure you should follow a lot of risk you would take. 
member
Activity: 364
Merit: 16
https://crowdsale.network
August 18, 2018, 04:14:58 AM
Bitcoin will be part of the future in banking. Banks will incorporate cryptocurrency in their portfolio of services they provide. No need to get rid of something. Bitcoin can coexist with just about anything.
newbie
Activity: 14
Merit: 0
August 18, 2018, 03:55:58 AM
Bitcoin may not replace future banking now but it will break the monopoly of banking system
jr. member
Activity: 173
Merit: 7
August 18, 2018, 03:43:18 AM
Perhaps in the future, but for now it is a good option to send money to anyone to anywhere in the world where the bitcoin is legal.
newbie
Activity: 112
Merit: 0
August 18, 2018, 02:53:59 AM
Definitely not. In no way that Bitcoin can replace money in transactions. Bitcoin is another choice for users wanting to sending money, but in the end, people still like fiat money than any kind of money, Bitcoin included.
hero member
Activity: 882
Merit: 500
August 18, 2018, 02:28:25 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Earlier I was thinking that it is not possible for bitcoin to replace the traditional banking system, but after the time change and views change by the different countries and different banks ,to adopt bitcoin directly with banking system , clearly showing that what a bright coin bitcoin have .
Recently I heard about two banks in Switzerland who started a direct connection of bitcoin with bank direct transfer ,and second news that is from.mine country that the banking sector are preparing a technology of banking system with bitcoin algorithm technology which will make bitcoin like technology with traditional banking system and that will make bitcoin more better and to have connection with the traditional banking system then what the condition of banks are today .
So clearly here more chances are that in the future we will use cryptourrency instead of the traditional fiat payment option .
But for such things a better rules we need to have to apply that will be helpful to make every type of payment fully transparent that frommwhere it is coming and where It is going and for what reason as usual in case of traditional banking system .
newbie
Activity: 32
Merit: 0
August 16, 2018, 04:20:02 PM
It seems that blockchain will have a big impact for sure.
newbie
Activity: 84
Merit: 0
August 16, 2018, 04:11:11 PM
banks or governments do not want to take risks by replacing fiat money due to lack of bitcoin control
newbie
Activity: 98
Merit: 0
August 16, 2018, 03:54:13 PM
Years still 20 possibly can when I start flying cars and space travel will cost 20$. In the world of cryptocurrencies everything is possible.
hero member
Activity: 910
Merit: 550
August 16, 2018, 12:24:46 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Impossible, it would really be difficult to change fiat into bitcoin. As we know that banking institutions are against the used of bitcoin as means of currency in a transaction since it provides a negative impact on the status of domestic equity and rights as to monetary consideration. Thus, it is really impossible right now that the domestic banking system will accept payment of Bitcoin. But, there is a banking institution that may be able to use bitcoin but not at the same time. Why? bitcoin is costly, especially for transacting pays.
member
Activity: 238
Merit: 10
August 16, 2018, 12:23:49 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I feel right now that it is less possible than anytime before, so really bitcoin is far far away from being a replace of existing economy system. I think that we will just destroy the system if bitcoin will take place right now.
full member
Activity: 644
Merit: 102
August 16, 2018, 11:56:26 AM
 I do not see bitcoin replacing the banks in the nearest future. Mainstream society is still not ready to use bitcoin. Though there is the massive adoption of the use of cryptocurrencies as an investment. Most people that own bitcoin crypto coins do not use it o transaction but as an investment
full member
Activity: 686
Merit: 100
August 16, 2018, 11:51:04 AM
Bitcoin may not be the future of banks, and it can not change the world economy. But Crypto can do that, think of your future as an investor, and you can use your investment as a payment method, which is excellent. I look forward to a future 4.0.


If you are going to look forward to a big thing in the future it will have a long and time consuming process to make a big change. All this will be noticed by everyone.
member
Activity: 308
Merit: 13
August 16, 2018, 11:43:02 AM
I do not think that a symbiosis of the bank and bitcoin is possible, at least until the bitcoin price stabilizes. But on the other hand, if bitcoin became part of the banking system, it would be convenient for holders of crypto currency.
newbie
Activity: 112
Merit: 0
August 16, 2018, 11:40:49 AM
In the future fiat currencies will no longer exist. Only digital currencies will be used for transactions. This sign is already here. Some of the world-renowned operations co. Accept crypto currencies for their products because of efficiency,
full member
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
August 16, 2018, 11:36:36 AM
Bitcoin may not be the future of banks, and it can not change the world economy. But Crypto can do that, think of your future as an investor, and you can use your investment as a payment method, which is excellent. I look forward to a future 4.0.
copper member
Activity: 104
Merit: 10
August 15, 2018, 10:33:08 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

With its volatile behaviour i would say never. doesn't matter how many market guru giving their prediction about replacing fiat or banks adopting it. its not logical to accept bitcoin when it keep going up and down like roller coaster. Period.
newbie
Activity: 28
Merit: 0
August 16, 2018, 11:31:28 AM
Bitcoin can further be seen as a currency as it possesses three properties that define a currency: hard to earn, the supply is limited and easy to verify.
newbie
Activity: 178
Merit: 0
August 16, 2018, 11:14:53 AM
It is not yet possible to make a precise judgment, but it is certain that Bitcoin will promote the improvement of banking business, and we believe that Bitcoin will make our future economy more free and open.
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