Topic: Bitcoin is it the Future of Banking ? - page 16. (Read 5914 times)
I dont think Bitcoin just one cryptocurrency would replace banking system. But possible blockchain will adapt to banking or replace as well.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
For me bitcoin can be the future of banking when all the people in this world will put or invest there money with bitcoin. And also for me bitcoin will really need atleast 50 years before it can replace the real money in this world. But i am confident bitcoin is the future of this world.
Bitcoin will replace fiat in the future, but it takes a lot of time. I think the future of banking will be in the hands of bitcoin. Bitcoin will have its own way to stay attractive and more popular.
it could be because the longer the trees are cut down to make money run out and instead the virtual currency will be used as our transaction tool
In some cases, it could be but I would not consider Bitcoin to be the future of banking. It is still in trial until this point of time and too many flaws are coming out. One is that it's less secure than other currencies. Bitcoin is protected by a ‘private key’ which is effectively a password. If this password is lost to someone else, then they can easily steal and spend your bitcoins.
the future of bitcoin for banking is the blockchain technology for which only bitcoiners can be used
in my opinion yes because they have many good news and good information about bitcoin, and i think the goverment approved bitcoin in their good intention to us, bitcoin is become so much popular not now but soon.
Up to now, people still prefer cash than Bitcoin. The liquidity of Bitcoin is much less than regular money, which means holding Bitcoin is risky. There are quite a few merchants accept payment in Bitcoin but the number of that isn't really significant. Moreover, you know, Bitcoin is irreversible. Once you send money mistakenly, you can't let your money back unless the receiver agree to repay you.
I think there are many reasons why Bitcoin isn't gonna take the place of money in transactions. Bitcoin itself isn't ready to be used as an alternative for money. There are still many problems that I need to improve . For example, when Bitcoin's rapid growth has more than ever put a heavy load of pressure on Bitcoin's network, which can push the internet beyond its limit. If the demand for Bitcoin grows up too fast, meaning that the demand for Bitcoin transaction will go up, the fee for each transactions can be up to very high.
Not anyone considers Bitcoin as a reliable method of payment and store of value. Also governments always prefer their own money and won't let other medium gain control over it. They won't allow Bitcoin to replace their national currency.
I don't think so. Although Bitcoin and banks do have the money transfering function in common, they are not the same thing. Imagine that Bitcoin is a cheap, small, friendly, convenient bakery shop and banks system is a famous, expensive restaurant which not just sell bread for breakfast but serve many dishes for other meals. Is there any chance that the restaurant will go bankruptcy due to failing to compete to sell bread? I mean banks have many more functions and still play an important role in economic development, like mobalizing capitals, giving fiscal and monetary policies. Bitcoin, much as an cheap, fast, convenient way to transfer money, can't replace banks.
It is hard to predict because Fiat is fiat and that is the difference between bitcoin and the traditional way of banking. I don't see the two coming together. let just say bitcoin is a digital form of using money or investing.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Hey Lucas one important thing, Banks dont need cryptocurrency, because this is disruptive technology against them, but business and ordinary people already see great potential, that why we see bear market, not because there is no technology, they fear and trying to manipulate.
Yes it will be because the operation of banks were not in good terms with people because of charges that use to be involved in the banks. Bitcoin is gaining her ground with power of cryptocurrency
Well nothing is impossible, bitcoin can be the future of banking or if it is too dreamy, maybe bitcoin can be just a part of banking. This will be a great chance to all bitcoin users.
btc is not a banking system. but it can be an innovative vehicle used in the banking system. for this reason it is an important vehicle to be used in banking.
no, definitely not. Of course, it's getting more and more popular. lots of people like the system of blockchain. I don't know for sure, but I know that they use blockchain technology, and maybe soon fiat's will use blockchain in order to create theory own crypto. so let's live and witness the changes, and there are going to be lots of them.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Yes BTC has got the potential to replace it with money in banking as it's the most famous and most powerful virtual currency with is present in today's market so yes we can partially say that BTC can be the future of banking in all over the world .
Yes it will be because the operation of banks were not in good terms with people because of charges that use to be involved in the banks. Bitcoin is gaining her ground with power of cryptocurrency
Of course, but people are yet to understand it.
For banking, the long run in bitcoin is really the blockchain technology. The coin could amendment within the future however the blockchain remains the most thrust.I am at identical opinion such as you that banking and Bitcoin area unit terribly totally different. Banking has management within the banks however in Bitcoin no person involve in any dealing.
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