Bitcoin is it the Future of Banking ? - page 18.

MiukoOk

newbie

Activity: 168

Merit: 0

Why not? When applying blockchain technology to management, all transactions become easier, more reliable and more equitable for everyone.
The use of BTC to trade will be more popular, more convenient. The difference in money is gone, instead we use a common currency. Convenience will be accepted and used widely. Cool

scotty30

newbie

Activity: 3

Merit: 0

That is one of Bitcoin's objectives, precisely to replace money and currently there are a lot of sites that accept Bitcoin, so it can be used on a daily basis, the only thing you have to value is its market price to analyze how much we are paying for a good or service.

perova93

member

Activity: 238

Merit: 10

Today it is already actively masters maps are being introduced into the crypto system! a lot of banks have found great advantages in the crypt world! very convenient and fast payments help you to quickly interact with each other! I think in the future crypto world and banks are not disruptive two things!

Emmax

newbie

Activity: 126

Merit: 0

Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

We can say the two are the same.. We know that bitcoin is the future because paper money will not be too available for used. But bank are still needed, because sometimes not everywhere you can start doing online transactions. It take might time before people will be use to this new technology which is digital currency. So my point is that both will be needed, we can't go without one.

Evil eye

jr. member

Activity: 210

Merit: 1

At this time some bank are accept bitcoin transaction. But many countries banks are not accept bitcoin. Now bitcoin is most favorable currency in online exchange market. If all bank accept bitcoin so it will good dicision for botcoin and crypto industry. I hope near future all the bank will accept bitcoin transaction.

r.black

newbie

Activity: 151

Merit: 0

According to the banal logic, bitcoin will never become a means of payment for the whole world due to its limited emis- sion and a large number of coins that have already been lost even from this amount. But this is quite possible as a means of preserving value (at present this role is assigned to gold). This is a good resource for long-term investments, but do not look for benefits in it here and now.

dad4

newbie

Activity: 22

Merit: 0

Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Bitcoin will do to banking, what email did to post offices. Its nature could change in the nearest future but it will stay and also help stabilize other digital currency like perfect money that have been around even before btc.

MadaraAvenger

member

Activity: 120

Merit: 10

Future ok banks ? Uhm I cannot see anything like this to happen. It's kinda posible to see blockchain implemented into some banks system but as far as I know ripple has this spot when we talk about banks and cryptos.

Impulseboy

jr. member

Activity: 196

Merit: 4

It will be hard to replace fiat money and the traditional banking itself even with a revolutionary digital currency such as bitcoin. I believe traditional banking may adapt to the crypto world and will try to emulate crypto, but the crypto world will have a hard time taking banking system down.

btcprospecter

sr. member

Activity: 504

Merit: 251

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There would have to be very high consumer confidence for bitcoin to take over from fiat but as more retailers offer bitcoin as an alternative over time that confidence will grow. Globally we would have to think of places that don't have good internet how could they use bitcoin? In cities there isn't such a problem but for people living outwith what is their alternative?

Jakson123777

jr. member

Activity: 168

Merit: 3

Banks will never switch to bitcoin.At least in the near future.Maybe it will happen in 50 years, when the generation will change.If bitcoin will harm banks, they just strangle him.

Wonderced

newbie

Activity: 47

Merit: 0

i think its yes because many country bitcoin as a banking and for that some of people in our country have an idea for bitcoin and many people doing bitcoin

RenzCoballes

newbie

Activity: 23

Merit: 0

Bitcoin has certain focal points over banks - obscurity and settled commissions for exchanges. Be that as it may, it likewise has a burden - the speed of the exchange. hence, I figure they will keep on existing together in parallel.

_w_b_t_

jr. member

Activity: 63

Merit: 1

About the future: we'll live and see. About potential replacement: completely - never partially! Bitcoin can go deeper into the turnover or go out.

poptok1

hero member

Activity: 1638

Merit: 756

Bobby Fischer was right

It just could be the future, the replacement but only if people would realize how exactly current system works.
Wast majority don't care, luckily this is slowly changing. I would say that less than twenty more years of free internet is necessary to change the scales. That's very optimistic however not impossible. Until then, bitcoin will remain as an asset and financial wonder.

Glutius

full member

Activity: 602

Merit: 100

Bitcoin could replace most of the banking operations, but this applies only to cash transactions, and the Bank has many aspects of working with money, so it is unlikely that the cryptocurrency will be a full replacement for banks.

Btcmaeng18

member

Activity: 156

Merit: 10

Quote from: 4p0l4k4y on October 25, 2017, 09:29:33 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.

Patron92

full member

Activity: 234

Merit: 100

Bitcoin is unlikely to be able to completely replace banking operations,but it can be a great alternative for some of them.

nabilanur

member

Activity: 252

Merit: 10

Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

That i believe it is likely given that our company is from a millennial place. Despite the fact that it should calls for a bit earlier than it all come to pass given that bankers happen to be alongside utilizing Bitcoin as they is unable to deal with any produce. They also do not have solution however , to take in any systems to build your online business operational.

Vimukkthi Vithanage

newbie

Activity: 331

Merit: 0

Yes , this can happen as now bitcoin is used in lot of activities. But there must be little bit more control over this to be used as a fiat. So let's wait and see whats happening.

Topic: Bitcoin is it the Future of Banking ? - page 18. (Read 5914 times)