Bitcoin is it the Future of Banking ? - page 24.

fianaindriati

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Activity: 700

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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 ?

I think in the banking system that bitcoin is not included in it, because in bitcoin it is only digital money or money is not real, so if to use dibank it must be real financial, because the bank is a place of real money and proven money.

Afonos

newbie

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Quote from: Mota satish on August 02, 2018, 08:11:22 AM

No,I think its not possible because Bitcoin and Bank are different Bitcoin only online transaction and bank is also do ofline transaction Bitcoin and bank are used different process.

I think bitcoin is hard to get into banking, because the system is different. In banking there are creditors, debtors, interest calculation, transaction fees, interbank agreements, names of money owners in the bank, and so on. While in bitcoin transactions everything is online, easy and fast. Bitcoin does not recognize names or identities that must exist as in banking.

maknassy

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We notice that bitcoin is become so much popular compared to the last years. So, i think Bitcoin can eliminates central banks and their complex schemes and blockchain technology will be the future of banking, but the problem is The fiscal policy of some countries.

fordrenok

newbie

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I think that in the near future this will not happen. People all over the world only recently got used to banks and the use of plastic cards. Many does not even know what a crypt is at all Therefore, even if this and it will happen, it's only in the future.And of course bitcoin will not be controlled by banks or government. That is the reason that bitcoin in the future will not be able to work with banks.

FedorIzmailov

jr. member

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perhaps not banking, but then what is the future - one hundred percent

kelenikels

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I do not agree with you,our government will strongly disagree because they can not let everyone use money freely or use whatever they want for things that are very bad,the government wants to control the money or set it up to avoid bad things that sort of thing happened.with the existence of this crypto technology, a payment is made directly without an intermediary through the network. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography.

gorkin0606

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I think not. But the technology of blockchain can greatly change the world of finance and our life.

CrypTM

newbie

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We all know for a fact that bitcoin follows a decentralized system and it is somehow the exact opposite of the system that banks are following.

Nahid Alom

newbie

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maybe no it's not possible because bitcoin have price fluktuatif so can't become future banking.
i just consider bitcoin as an investment place.

lamcouz

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Merit: 10

Bitcoin dominance is rising because traders including me not willing to trade right now due to bitcoin pump and dump, one day pump next day dump. Only few peoples are playing the games and all others are losing.

happyme1818

sr. member

Activity: 568

Merit: 254

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 ?

It can replace money transaction only if the banks will refuse to use cryptocurrency. But I believe that banks will adopt blockchain technology to remain in the game. They will create their own cryptocurrency like Ripple to control the market.

BestW1shes

newbie

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No, it's different things

bitfocus

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I think Crypto is the future of Banking, not only Bitcoin.

yakovsevsk

jr. member

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Bitcoin has certain advantages over banks - anonymity and fixed commissions for transactions. But it also has a disadvantage - the speed of the transaction. therefore, I think they will continue to exist together in parallel.

Bulljcak

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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 ?

btc in future banking?why not.if there is someone that willing to invest in btc banking it will happen in the future.

Cangkeman Wae

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I think bitcoin still needs a process and time to be accepted by the bank, moreover all bank activities are always supervised by the government so that banks will never dare to take commodities that the government has not legalized.

Undermood

legendary

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I don't think it would be such an application because it isn't the center of Bitcoin. There is no specific control point and the banks will want to check it out. Bitcoin isn't the future of banking.

alex_gr_cc

jr. member

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Merit: 1

Much has been said about this. Experts of the cryptocurrency market spoke a lot about this. I think that banks will use bitcoin similarly to gold. But not payments.

Mota satish

newbie

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No,I think its not possible because Bitcoin and Bank are different Bitcoin only online transaction and bank is also do ofline transaction Bitcoin and bank are used different process.

Dessy Nurvianti

newbie

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Merit: 0

Hmm. Future nobody knows but it can happen. but hopefully it can support by many people. Is world bank will legalized bitcoin? I hope yes because it can lowered risk in bitcoin transaction, as well as many users who will use bitcoin. What your oppinion?

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