Topic: Bitcoin is it the Future of Banking ? - page 23. (Read 5914 times)
our locals bank are new in bitcoin but i heard some of banks in our country started using bitcoin but not yet official . And for me i make bitcoin as my bank i dont put money on my bank instead i make my money stay at bitcoin because it wont grow in my savings account but in bitcoin account you are sure that your bitcoin will grow and will make you money but it has a risk
I think banking is not a good word to descript about bitcoin. I think the most apropriate word is the future of digital currency. In the past bank also made a digital currency but they didn't use blockchain technology.
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.
No, i do not think that BITCOIN will ever be a part of banking system in any country right now because BITCOIN is regulated by the internet the whole date of bitcoin is seen on the internet whereas the data of banking system is fully secured and private.Moreover,one country can not regulate a bitcoin as a whole in a banking system.In addition it is possible that all the banks in this world can take bitcoin without any issue and convert them in a fiat currency when it required so that the investor can buy with their money what they want.
some banks are now considering the use of blockchain. I don't think that bitcoin will be the future of banking, maybe blockchain. as of now the scalability of bitcoin will not sustain the mass adoption of using it as a payment.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it may be possible that banking sector can adopt the technology of bitcoin i.e blockchain , Since banking sector industries are not coming directly in contact with the cryptocurrency support but still they can understand very well that how much the technology of bitcoin is better than what the TECHNOLOGY they have .
In my country SBI bank which is about government bank , they are trying to develop blockchain technology to integrate with the banking system to make bank data more secure than what they are in the present time .
So here lots of chances that bitcoin will be future of the banks , and also here lots of possibilities are that people can forget the bank and go with the directly with the blockchain technology .
So there are chances that banks may be come with more better better schemes with blockchain technology to put our money in there banks .
Currently, companies accepting transactions in bitcoin use Bitcoinpay to convert bitcoin to money. So it still comes down to money. Bitcoin will not replace money for transactions anytime soon.
Example, some Peoples have bitcoin, but they need urgent money when he will exchange btc for money to the bank.
Example, some Peoples have bitcoin, but they need urgent money when he will exchange btc for money to the bank.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it's difficult, it's difficult for bitcoin to replace fiat money in transactions, even though I personally like bitcoin and all its advantages are compared to fiat money, but, somehow bitcoin will not replace fiat money for transactions. maybe I would say that bitcoin comes as an alternative money.
Bitcoin is simply the future , still many do not believe it when i say that.
They dont have to believe anyway.
They dont have to believe anyway.
I think it not the high time for the bitcoin for the banking but in future it can be the future of banking, Bcoz in some of the places we can use the bitcoin in order to purchase something as like electronic banking.
I think until whenever bitcoin can not replace the banking system. Bitcoin will not be the future of banking. I say this because now the bitcoin has still many limitations in use as a means of payment and transaction. Bitcoin must make a lot of improvements before the wider community is accepted. But so bitcoin will only be complementary with the banking system. Perhaps that could replace the banking system is blockchain but not bitcoin.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
It is unlikely that this will be the banking sphere to which we are accustomed.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think , not possible yet in all transaction. It is limited. I think bank is good as a Bitcoin exchanger and Bitcoin deposit like the bitpay , paypal, bangkera and other banks accepting Bitcoin. They convert Bitcoin into cash. Some companies also accepting Bitcoin as their payments . In that way, it is possible in online transactions. On the other side , we still need money for Daily needs without using any gadgets. Easy to transfer to other people. It can not replace money totally but it can Help global economy.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin will stay as it is. A mode for transferring money anywhere around the world. But it will not be and cannot be a replacement for banking institutions. Bitcoin can be a means of investment or if you just want to keep Your money. But it will never replace banks and government currency
Banks and bitcoin are two opposites. Banks become intermediaries between buyers and sellers to be able to make transactions easier and from there the bank takes profit of each customers. Different from bitcoin that wants to make transactions easier and cheaper without going through intermediaries and making users have full rights to their transactions.
For bitcoin legalization I think it is necessary to establish a new department in the government and they will work with the bank to create a new payment system.
For bitcoin legalization I think it is necessary to establish a new department in the government and they will work with the bank to create a new payment system.
yes, the banks definitely will not pass by cryptology, this is a great idea
its the future but the bank will only trust crypto currency when its regulated or approved by the government so it can be trusted and reliable.
The future of bitcoin is not that of banks. It is very important now that governments accept bitcoin but they still consider bitcoin to be a digital levy that we can invest and levy.
It can or it can,t be because bitcoin continues to give us surprises again and again. Its become much popular in all over the world but even after this popularity it can not be said that it will become future of banking due to such a downfall in his rate.
in my own view,The bitcoin system is ahead of its time for sure with the use of an auto-updating mechanism that makes it impossible to breach the public ledger. Only those with the keys needed will access their data as opposed to the archaic bank methods. The use of bitcoin to manage internet of things shows its application can go beyond the technical world and into the everyday world
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