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Topic: Bitcoin is it the Future of Banking ? - page 26. (Read 5914 times)

newbie
Activity: 32
Merit: 0
August 02, 2018, 04:30:11 AM
I think the Bank is the future of Bitcoin, you should think, if more and more banks accept bitcoin as a major currency in transactions and payments, then the future for Bitcoin is sure to be firmer. sure.
brand new
Activity: 0
Merit: 0
August 01, 2018, 10:55:39 PM
Ppaper currency will desepire one day, therefore I think BTC will be the future banking leader.
full member
Activity: 391
Merit: 100
August 02, 2018, 04:21:50 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

It'll replace some of our transactions and will be used as a payment unlike bring a banknote to pay. But, it can never replace our own currency since we use our currency or fiat to buy Bitcoin. It can replace our currency in some ways but not in everything.
newbie
Activity: 30
Merit: 0
August 02, 2018, 04:12:13 AM
Currently, some banks have accepted bitcoin in payment transactions, but that is a very small number, I think bitcoin now can completely replace the money in the bank transactions, hope In the near future so many banks can use bitcoin in payment.
newbie
Activity: 31
Merit: 0
August 02, 2018, 03:20:03 AM
I do not think bitcoin could be the future for the banking industry. There should be a common regulation between the entire banking world and the acceptance of all governments, which is very difficult.
member
Activity: 700
Merit: 10
August 02, 2018, 03:08:53 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

With bitcoin, we dont need banks because we can open account by our self. We can make transaction and transfer with others without third party like banks. I do believe bitcoin can used for payment in the future but i dont think it will replace our fiat money
member
Activity: 356
Merit: 14
https://exiptoken.io/
August 02, 2018, 02:41:10 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

I feel that still it is too early to comment on it. It is true that the cryptocurrencies are getting popular among the people worldwide but due to the fact that there is no regulatory body and the less control over it by the governments, there is no or only slight possibility for your statement to become a reality. Yet, not in 100% but at least in smaller amounts, people use cryptocurrencies to make payments in several areas.
full member
Activity: 616
Merit: 118
August 02, 2018, 02:40:03 AM
i agree with you that bitcoin is future banking because with bitcoin we will have our own bank and can make quick transaction to other people around the world with low transaction
sr. member
Activity: 756
Merit: 250
August 02, 2018, 02:15:54 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I believe that bitcoin with its blockchain technology can be useful not only in the banking system, but also in other areas of business and activity. Also, there are all the prerequisites for the fact that in the future we will increasingly use bitcoin and other popular crypto-currencies, like the payment settlement.
jr. member
Activity: 98
Merit: 1
August 02, 2018, 02:15:41 AM
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. Moreover, i don't think bitcoin will ever replace money though there is a possibility that the number of users will increase but since it follows a decentralized system, i doubt the government will give in to it.
jr. member
Activity: 294
Merit: 1
(https://exip.live/)
August 02, 2018, 02:10:42 AM
it is not impossible if bitcoin becomes the future of banking. it's just a matter of time and support. but i prefer bitcoin to be myself.
sr. member
Activity: 914
Merit: 252
August 01, 2018, 10:33:06 PM
On the long run, its likely bitcoin will replace banks.
It will be similar to machines replacing animals in farming and machines replacing workers in the industrial revolution.

I don't think that Bitcoin will ever replace banks. When computers were invented, people were saying that it will replace the workers. That never happened. Computers only made workers more productive. The same thing will happen here as well.
newbie
Activity: 190
Merit: 0
August 01, 2018, 09:49:46 PM
bitcoin can not replace the bank. It does not have enough bank functions and too much risk
member
Activity: 294
Merit: 10
August 01, 2018, 09:29:57 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think that it will be difficult even in developed countries such as Dubai or USA and Russia, you can see that the crypto market is constantly changing and difficult to guess, bitcoin prices are constantly fluctuating and adjusting So, I believe that at this time we can not say anything about the future of bitcoin.
full member
Activity: 364
Merit: 100
PlayGame.com
August 01, 2018, 09:12:15 PM
many people said that the bitcoin and blockchain is the future banking, because of the system is up to date and the security level is high so many people can said the bitcoin and blockchain is the great system. but I think bitcoin and blockchain need some correction about the weakness
hero member
Activity: 2590
Merit: 644
August 01, 2018, 09:06:58 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin will not replace money for transactions in the near future. Because the government will not approve because of the lack of control they can have with Bitcoin. but the bank has its own system, especially in determining the interest. I hope you realize what you think, we will feel crowded if bitcoin is connected to the bank.

That is right, bitcoin will not replace the money or the fiat currencies for transactions, it will just become a alternative or option for the other people in making payments but like i said, it will not 'completely' replace the fiat currencies. Bitcoin is just here as an option and it should not be taken seriously about being a mode of payment or type of money.
sr. member
Activity: 532
Merit: 250
August 01, 2018, 09:03:03 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin will not replace money for transactions in the near future. Because the government will not approve because of the lack of control they can have with Bitcoin. but the bank has its own system, especially in determining the interest. I hope you realize what you think, we will feel crowded if bitcoin is connected to the bank.
newbie
Activity: 115
Merit: 0
August 01, 2018, 09:01:50 PM
Yes it is, as we all know that bitcoin is more popular and useful today because there are many transaction that bitcoin can offer now, like using it in many transaction as we see on the other information that the bitcoin user said. A good things is also the bitcoin accept on many countries now.
hero member
Activity: 1190
Merit: 500
August 01, 2018, 08:53:28 PM
On the long run, its likely bitcoin will replace banks.
It will be similar to machines replacing animals in farming and machines replacing workers in the industrial revolution.
Nope, you know the bank is not just a place to save money for the community but more than that, the bank gives a lot of things like loan funds, interest, even the central bank also regulates the money circulation in a country, so the bank system will not be replaced by bitcoin..
member
Activity: 294
Merit: 10
August 01, 2018, 08:42:05 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I believe that this will not happen, you can see that the number of bitcoins in the world is very small so bitcoin will not have enough quantity to meet the needs of banks, besides there is not yet a major or bitcoin pricing, so the bitcoin prices are fluctuating amidst fluctuations and ongoing declines. Therefore, I believe that bitcoin can not replace the bank in the future.
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