Topic: Bitcoin is it the Future of Banking ? - page 20. (Read 5914 times)
Well, there are many transaction that bitcoin has and replace the fiat which is more easy than the traditional way of using our local money. Like on banking, we can hold our crypto and in a long time we can hold it with a big profit compare to bank that the profit is very lowest even holding in a long period of time
Many alternatives have come up for Bitcoin called Altcoins. For Banking, it is not the issue of Bitcoin or Ethereum but the underlying technology called Blockchain which powers them. Blockchain will definitely have a big impact on banking but the same cannot be said for Bitcoin alone.
There are too many other points and difficulties in talking about bitcoin and banking
Bitcoin can be used as alternative form of currency. If it will be able to replace the fiat currency, i think not too soon.
I don't think it will happen. Banking and bitcoin can't go hand in hand because it contradict each other.
It is a known fact that Bitcoin has the potential to bring about a major change in the banking and investment industry. So yes, I think Bitcoin could be a future for the bank. I also think it will be very early if the electronic money is legalized in all countries. In the future with the variety and convenience Bitcoin can substitute for banking transactions
I see bitcoin becoming the future bank with the introduction of blockchain which allow transactions for the transfer of Bitcoin and other cryptocurrencies in a peer-to-peer fashion, without any intermediaries involved is a good sign that with time it will
my question is whether blockchain can be applied perfectly in conventional banking, how do they guarantee cases of mis-sending money, or massive fraud in every personal case and its relationship to the ICO?
many are still asking about the feasibility of this system, but if it only functions for transparency of non-financial data, Blokchain has its own advantages.
It will never replaces cash completely. At least for next 100-200 years, this is impossible to be achieved all over the world.
Yes, cryptocurrency is not a passing fad but a genuine innovation in money,it's a peer to peer exchange ,so there is no question of better banking system than cryptocurrency
I see bitcoin becoming the future bank with the introduction of blockchain which allow transactions for the transfer of Bitcoin and other cryptocurrencies in a peer-to-peer fashion, without any intermediaries involved is a good sign that with time it will
i think not, it may come to a time where bitcoin will be accepted ay payments for almost all of transactions but as the main currency. The world would need to agree on it all before it happens and i think it would take a lot of time since every country has their own currencies and banks utilizes it rather than centralizing it all, transactions online is more possible but using the country's main currency not bitcoin
until the moment when bitcoin will be accepted in banks, I think it will take 3-5 years. in rare banks accept for experiment
I believe that the money will not be changed for the benefit of modernization in the cryptocurrency, the transactions will remain the same tool, I think sooner it will be much faster to go operations in the blockhain.
there have been so many people who made bitcoin a place to store their money, it has long been done. I think that when bitcoin shows good potential prices, people start saving their money into bitcoin, and they turn that function into a bank. yeah, that's something good in my opinion.
Block chain technology is the future of banking system. BTC works on the same technology.
Banks will have to adopt or they will be gone within 10 years
I believe that the money will not be changed for the benefit of modernization in the cryptocurrency, the transactions will remain the same tool, I think sooner it will be much faster to go operations in the blockhain.
Technology has changed everything around us. It has penetrated into our day to day lives such that living without them is unimaginable now with all these his can our financial system be left untouched from online banking service to blockchains a lot have changed in this few past year. With all these I think it will
I think Bitcoin in a banking situation can become very prominent in developing counties where banking infrastructure, especially for poorer populations is non existent or very weak. Now also with the lightning network integrated, making transactions not only faster but much cheaper it will also make a dent in the traditional remittance world also. This is my belief at the moment anyway. In Malta I believe they are building the first real Bitcoin and cryptocurrency decentralized bank.
many country makes it harder to claim that it will happen sooner or later. We should keep on supporting so that we can make things possible and benefit us all. i think bitcoin can be a solver for the banking to fix their problem in financial.Generally if we want to send funds or money to others, of course, must be processed through the bank, because here the bank serves as an intermediary.
we already knew that bitcoin is helping people to fix their financial too. but we need more years before we can see bitcoin replace the money in transaction . many people still don't believe and use bitcoin for their daily needs and only few people know bitcoin in all over the world. but i think and hope bitcoin can be a solver for the banking to fix their problem in financial.
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