Topic: Bitcoin is it the Future of Banking ? - page 2. (Read 5914 times)
I don't think banks may use Bitcoin as their primary payment or for other purposes, because Bitcoin comes from the Internet, and the Internet is full of danger. Ordinary banks are not willing to try this!
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think bitcoin was created for a completely different purpose. I think bitcoin was created to the banking system ceased to be necessary. But unfortunately, it will not come soon. Bitcoin has shown what benefits it can bring with its blockchain technology. However, this coin has now turned into a real asset, which is speculated in trade.
The central bank's central bank has warned in a March that when a revolutionary tool in digital currency reports, they will soon be very risky until it is used as a legal tender. Central banks can use digital currency one day, such as paying financial institutions, but if issued to the general public, they can destabilize traditional lenders.
Great idea. now and then bitcoin will be main transaction source of banking..but some requirements firstly security, acceptance, easy to transfer, banking acceptance, government acceptance...
bitcoin is the future of banking,the mass adoption of bitcoin would mean people have to rely on banks less...people are not going to need to rely on a third party to keep their bitcoin can truly replace fiat.,the opinion that our best case scenario is that they exist alongside each other and also means banks won't truly die, but they'll definitely be less influential,which is a change think the world desperately needs the option to use bitcoin or fiat is also better for the consumers, as they can have the best of both worlds without truly sacrificing anything....
I think that at the present time, there are many central banks and governments that do not accept Bitcoin or prohibit them all trying to destroy Bitcoin and make them lose their value, but Bitcoin is hardly there. can be controlled by anyone. If Bitcoin is globalized in the future, I think that if you want to have a bit of Bitcoin then they should accept that you have to trade a lot of stuff.
Yes, it is right but it will not happen so easily because banks grab the major position in our world and in the case of transition, deposit and others people believe only on the banks.
This can be only if all the whole world accepts crypto as a form of payments then the banks has no other choice than to make sure they also accept it for their services.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Ever since its inception the world has witnessed the growth and tremendous applications that Bitcoin brings. Bitcoin was born with the same blockchain technology that is widely used in business and finance, banking and business, education and the future. Bitcoin will probably be an array in the bank that undertakes such transactions. The currency we are using. I fully believe that this possibility is entirely possible.
I think Crypto is not possible to replace banks, because Crypto is not an institution, or an organization like banking, it does not have rules in writing, even the identities of its users cannot be traced, so how can Crypto replace banks which in reality are full of government regulations and controls but I hope Crypto and banking can complement each other's weaknesses
i do consider bitcoin as my bank i put most of my savings in bitcoin because i am sure that i can earn profit in savings my money into bitcoin . Saving in money in bank would on get interest of 0.5 annually which is not good but if you keep it in bitcoin you will get more and multiply your money but it has a risk so i suggest people to understand and learn and get education on bitcoin before jumping into it
It seems like bitcoin is very unlikely to be a future bank because they have a different system. This bank is governed by government law, but bitcoin is anonymous.
So far I am informed there are already companies / shops / food services that accept bitcoin as payment method. and they use bitpay so they get in the end the money in the standard currency, so no bitcoins. it is still the classic kind of money, it is just another opportunity or service for the customer ... so I don't really think that bitcoin will replace money fro transactions.... doesn't mean that there is no future at all in bitcoin for companies / banking... for banking it is, in my opinion, in the blockchain technologies, as some of you have also posted here.... but replacement of transactions - I don't think so.
in the event that we say that bitcoin is the future bitcoin managing an accounting framework it will be wrong on the grounds that the value exchange in fait cash is too low and that of bitcoin is high likewise the rate of exchange in fait cash is too high and that of exchange rate of bitcoin is too low additionally the variance cost of bitcoin is making substantially more trouble for it.
As I think, the possibility of Bitcoin replacing fiat money is little. But I see a lot of banks continuously introduce Bitcoin and other cryptocurrency transaction features and it will be good for the future of cryptocurrencies.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
If the peoples confidence in Bitcoin and cryptocurrency continues, it may replace banks cash transactions.
In my opinion BTC has everything to become the great option in future's economics. Of course governments should not restrict the usage of BTC in countries
Almost every thing that we do through bank now we can do easily through bitcoin on he other hand we get many extra features in bitcoin and soon banks will include bitcoin.
I think that btc is the future of banking and other spheres of life. to my mind, the best way is to trade regularly and hold some expensive coin like btc for the long term until the price becomes better
The banking system has been established way back since we were born. and it keeps on evolving and improving. Maybe it will affiliate with cryptocurrency but I don't think Bitcoin will replace it. not now or in the near future.
Jump to: