I firmly 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 ..
Topic: Bitcoin is it the Future of Banking ? - page 22. (Read 5914 times)
Though BITCOIN is a very good transaction medium and has a lot of advantages but there are few things which can never be replaced. Paper money is also necessary along with cryptocurrency to be used in daily life. So BITCOIN can grow but will not replace paper money.
I truly hope this is the case but I believe banks to be a tougher adversary than the media companies. My greatest fear for bitcoin alongside government regulation of the crypto-fiat boundary is market manipulation by a collaboration of banks or even governments. The US Gov created a 'Gold club' in the 60's that comprised of several governments. They tried to keep the price of gold below $35 an ounce for about 5 years until they had to abandon the plan as it cost too much. I fear a similar situation could happen to bitcoin.
If Bitcoin can develop and the government supports Bitcoin then that is not impossible.
Until now Bitcoin is a form of currency digitization, therefore it is possible to use Bitcoin in a system like a conventional bank.
Even bitcoin has many advantages compared to others, speed and security is a thing that is a plus value owned by Bitcoin.
Until now Bitcoin is a form of currency digitization, therefore it is possible to use Bitcoin in a system like a conventional bank.
Even bitcoin has many advantages compared to others, speed and security is a thing that is a plus value owned by Bitcoin.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it can replace the money in the transaction, but can not completely replace the bank. Because the bank is a place for money or a place to make money easily circulated by a country so it is difficult to replace it and without it, everything will be very chaotic. 
Cryptocurrency is increasingly conquering the world,bitcoin is developing and its volume is increasing, and more and more people are interested in it. The transaction is very simple to execute and this is a big advantage, but to replace Fiat money, the government needs to be interested in it.
I think so, bitcoin is the future of the world transaction system so it is worthy of being a long-term investment, it certainly makes banks will make bitcoin as their products and services so that it is available in banks immediately.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Replacing fiat money will take time if it is considered by the government. You see not all people can adapt to this new technology. Indigenous people rejects technologies as they prefer traditional way of living. Not to mention, even the older ones in the urban areas.
Government will have to consider all of their people before implementing such new notions.
And lastly, not expecting this kind of post from a hero member.
No I don't think it will replace fiat as the governments just won't approve due to the lack of control they can have with Bitcoin. But hey I can be wrong, anything can happen in this strange little world.
The development of bitcoin has increased, and more and more are familiar. The bitcoin transaction is very easy and fast, I think it will be a tool for transactions like banknotes, but little possibility to replace fiat money. because the government has the right and authority in each country.i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I also think that bitcoin will be the future of banking because as of now many people are investing in bitcoin than in the bank. I think that banks are scared in bitcoin because there is a chance that this will happen soon.
Most likely the future is the technology itself. The banks will have their own closed block, so it is unlikely that bitcoin will be needed for this purpose
Yea, we have seen some already trying to make a distinction between the blockchain and bitcoin itself. However, if banks make use of the blockchain,it may give some credence to bitcoin as a means of payment too
Yes it can if given the opportunity to thrive, It is likely in the future more countries will begin to offer the crypto- versions of the national currencies to aid transactions
Most likely the future is the technology itself. The banks will have their own closed block, so it is unlikely that bitcoin will be needed for this purpose
Blockchain is the backbone of Bitcoin. Blockchain ais so secured that it is impossible to hack them. Also, the cost of verifying transactions is less than that of central bank because the transaction of cryptocurrency happens between the two parties without the intervention of a bank. Bank can take bitcoin without any issue and convert them in a fiat currency when it is needed for the investors to buy when they need it.
Bitcoin is absolutely the inverse than banks, it is highly unlikely that you can contrast bitcoin with a genuine bank since they dont have anything in like manner. Blockchain could be the same as the red who is behind the banks, yet is no nearer to it and it can not be contrasted with it by any stretch of the imagination. Bitcoin has been made to be completely descentralized, and making a bank for bitcoin could be much the same as an incongruity, I dont like that thought, and it can not occur
Banks are unlikely to give way to cryptocurrency.After all, a small number of people always have a lot of money.If banks feel the danger from the crypto-currencies, then with the help of state laws they will press
I am in doubt with this. Although there are chances and it depends on how the people will embrace it. If the demand is growing and majority is using bitcoin then maybe there is a bigger chance of that to happen.
Are not! That may not happen! The future of the bank is blockchain technology, Bitcoin is just a successful product of that technology. A better altcoin could replace the current position of Bitcoin!
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
hmm ..maybe this can happen because bitcoin is superior when compared with banking
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I don't think bitcoin can replace money in transaction because there are so many people yet don't know about bitcoin and how bitcoin regulate and i think many people will choose money for transaction because they how to use it.
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