Topic: Bitcoin is it the Future of Banking ? - page 15. (Read 5914 times)

I hope it can happen. Where the future Bitcoin can replace the current conventional currency.
All banking transactions that can be executed through Bitcoin instead of other currencies will look a lot better. Allowing people to send Bitcoins, BTC cash machines will also be available. And a lot of other things that can change ...

I emphatically differ bitcoin related with the bank, or do exchanges through the bank, in light of the fact that the bank has its own particular framework, particularly in deciding the premium. I trust you know about what you figure, we will feel swarmed if bitcoin is associated with the bank .. !!

As of now, organizations tolerating exchanges in bitcoin utilize Bitpay to change over bitcoin to cash. So regardless it comes down to cash. Bitcoin won't trade cash for exchanges at any point in the near future.

For keeping money, the future in bitcoin is really the blockchain innovation. The coin may change later on yet the blockchain remains the principle main thrust. In the event that the blockchain gets adjusted to our eveyday exchanges, it will supplant banks as we probably am aware it. You can hold boundless measures of coins in your wallet and have different wallets at that. Exchanges will be end-to-end. No more atm's or passbooks. In any case, it's as yet far to go before these happen.

on the off chance that bitcoin replaces fiat cash totally I figure it can not, we know for ourselves to utilize bitcoin we should have web get to and different gadgets that can bolster and furthermore bitcoin costs are not steady, we additionally know not all spots can get web get to, and bitcoin likewise has no physical shape, I think bitcoin is more reasonable for long haul contributing spot.

That being stated, I don't figure Bitcoin can really supplant fiat. I am of the assessment that our most ideal situation is that they exist close by each other. That likewise implies banks won't really kick the bucket, yet they'll certainly be less powerful, which is a change I think the world frantically needs. Having the alternative to utilize Bitcoin or fiat is additionally better for the customers, as they can have the best of the two universes without really relinquishing anything.

Bitcoin is the eventual fate of saving money? Lol, it's more similar to Bitcoin is the finish of managing an account. The mass reception of Bitcoin would mean individuals need to depend on banks less. Individuals are not going to need to depend on an outsider to keep their cash for them any longer.

On the off chance that this condition proceeds for quite a while which is bitcoin has costly exchange charge, I figure it won't occur. Indeed, even today exchange expense in the banks is still considerably less expensive than bitcoin.

vIt would be conceivable since we are presently in a computerized age where everything should as of now be possible on the web. Who knows couple of years more from now paper money will never again exist.

Here the majority of the clients propose the exchange charge as a noteworthy issue, yet when the vast volume exchanges were mulled over the exchange expense is by all accounts low. Clients who make huge exchanges lean toward bitcoin over the banks. As a section a few banks far and wide has begun to utilize bitcoin for exchange purposes.

I may state yes its incident now Bitcoin exchanges are made by carefully trading and managing an account administrations . be that as it may, not change the typical customary saving money administrations offered by a bank.

This is you looking into a very distant future. Mankind can not yet refuse from fiat money, it is too accustomed ...

I think so yes.In future the fiat currency will cease to exist.Only digital currencies will be used for transactions.The omens of this are already here. Few of world famous co operations are accepting crypto currencies for their product beacuse of the efficiency, security and phase embedded in to crypto currencies by block chain.

New blockchain technology is the future of the Bank! Be it bitcoin or any altcoin that meets the needs of the community!

I can bet, countries like India and Pakistan will end up having there own government issued cryptos. If they back it up with wealth and purpose it would challenge at the top three and elevate there economy.

I like your open mindedness. I will just remind you quicky, don't forget American govt. tried to control the circulation of gold in the 17th century and placed some policy to limit its distribution.
Morale lesson: Nothing great comes through easily, without criticism and scam about it.

Well, i don’t think so. Bitcoin is something totally different in my eyes. But maybe it might cause some changes in banking sector. Anyway, the current situation of the market makes me worried about everything lately.

I think that this is the future not only of the banking sector. I am sure that the blockchain will take many positions in the economy as well as in politics. But it is only talk.

Today, a lot of banks began to cooperate with bitcoin and the entire crypto system! I was recently at a conference where one of the bank's directors said: that those companies that do not start implementation in the crypto system, these companies will soon die!

if someone likes trading, you should do it this year before the possibility of stable Bitcoin arrives. Remember, trading is very risky if you are desperate and sell at a loss.
that means trading will not be as beneficial.

Actually just talked to a friend about this yesterday who works in investment banking. People still don't understand it in general and are are little scared because it's so unstable, but that doesn't mean they aren't interested. They ask a lot of questions but it's a little early to say that it'll be "the future."

We cannot say that bitcoin is future of banking. There are many other altcoins who primarily focus on banking sector and their platforms and systems are pretty much optimized for banks and financial institutions. 2 of them are xrp and xlm.

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. The liquidity of money is highest among all assets and mediums of exchange. If the liquidity of money is water, then that Bitcoin is just like mortar, I think.

Can bitcoin replace money in transactions? Well, it already started to do so.

We are already in an era where we use bitcoin to send fiat money to another person or to our account itself, top up our mobile phone load wallets, buy items online and even pay for gaming shells.  There's already a lot of practical utilization of bitcoin which are available even to non-crypto users.  In fact even altcoins such as ethereum is already being used for direct payments for online purchases.

But when it comes to bitcoin replacing conventional banking or the two merging together, i am honestly skeptical. Primarily because the two have different designs and different architectures behind them.

While bitcoin rallies for decentralization, banks are more efficient centralized. When blockchain proves to be immutable (and many deemed this attribute to be very useful), banks somehow offer a reversal of a mistaken payment or transaction. The technology behind bitcoin does have its practical uses but for us to see banks using and applying them might take some more time when design and architecture of both are ready to compliment each other.

It can not replace the Fiat, but it can become as a small change in currency, which, if desired, you can perform transactions.

Block chain for sure is.

I believe Bitcoin will have a good future in investments and probably transactions, but we need to see. Depends on how stable it gets in the future, then it could be used to everyday transactions.

However, that will mean trading won't be nearly as profitable. So if someone likes trading, you better do it this years before a possible stable Bitcoin arrives. Remember, trading is extremely risky if you get desperate and sell at loss.

Its a big no!bitcoin maybe the popularity will moving on but I think our Government does not like it because if they wanted to,they need first the approval of the Government officials.

It's a NO.. If the market manipulation runs on like the present time.. I think it'll be hard to get the ETF..  and Also people won't trust btc as currency before it shows stability..  Because currently btc is acting like assets.. Not the Currency..  So you can't even think gold can replace dollars.. Because they are assets.

Definitely not, bank cannot be replace by bitcoin because of many factors like in bank your money is guaranteed secure, while in bitcoin its safe but not totally safe from hackers. And in bank, you can get money easily unlike in bitcoin is not. If you gonna ask what would i choose, i go for bank.