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Topic: Bitcoin is it the Future of Banking ? - page 28. (Read 5914 times)

full member
Activity: 476
Merit: 100
July 27, 2018, 06:59:19 PM
Bitcoin is not something that smells of banks. And Bitcoin can be a substitute for fiat, but only in the online world. At least there is an opportunity for Bitcoin to be the choice of payment tool.
full member
Activity: 378
Merit: 100
July 27, 2018, 06:28:03 PM
Actually right now blockchain technologi already in banking system. But for the cryptocurrency replacement issue, i think a little bit difficult. As you know that there is no one control the cryptocurreency market value right? It can be a big issue. Other thing crypto money wallet is unsecure. That’s why many country hasn’t allow the crypto money because of those issue.
newbie
Activity: 70
Merit: 0
July 27, 2018, 05:58:54 PM
In my opinion,the future of banking is not bitcoin,but the more precise is the blockchain.As we know that bitcoin can not survive without blockchain whereas blockchain is a self-contained technology that can withstand the absence of bitcoin.I am sure if this blockchain will one day be able to replace the position of technology that is now used in the banking world.If banks use blockchain technology then customer transactions through banking will become easier and faster.All banking transactions can be quick and easy. If the bank can get a blockchain then I am sure if the banking world will grow more advanced than the current one.
full member
Activity: 392
Merit: 100
July 27, 2018, 04:45:24 PM
Ohh yes its the future of banking which will be the solution to all our online  payment and transfer of payment from one country to another.
newbie
Activity: 84
Merit: 0
July 27, 2018, 04:42:42 PM
Will be difficult to replace money transactions.. Bitcoin is for digital currency i e online transaction while money transaction is for hand to hand transaction.
hero member
Activity: 735
Merit: 500
July 27, 2018, 01:53:23 PM
It is true that btc will play a very vital role in bank economy but it may not be the substitution for banks. it is only another method of transaction.
For me it will be just another way to purchase things next to cash, banks will not have anything to do with it, for me it is just a perfect technology which will be living its own life in future.
full member
Activity: 854
Merit: 104
July 27, 2018, 01:41:49 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Do not make me laugh. Bitcoin and banks are practically incompatible concepts. We can say diametrically opposite. Bitcoin can not by its very nature at least partially perform the functions of banks. For example, to lend to individual sectors of the country's economy, on the instructions of the government to monitor the implementation of the country's budget, to support the course of national money and so on.
sr. member
Activity: 1484
Merit: 254
July 27, 2018, 12:20:40 PM
I'm sure that the future of the transaction system is fully controlled by the users, there is no dependency like the bank so I'm sure that someday the transaction system will be like a bitcoin safe, cheap and certainly faster.
member
Activity: 210
Merit: 10
The revolutionary trading ecosystem
July 27, 2018, 12:18:54 PM
I think, so tak mozhe could settle for a while not sooner ajaz bagato kraine brakey tsey protsi i budutt shche dovgo braking)))
member
Activity: 238
Merit: 15
July 27, 2018, 11:51:34 AM
Blockchain will be a future of Banking! Bitcoin is a temporary toy, and blockchain is a technology of the 21 century.
newbie
Activity: 229
Merit: 0
July 27, 2018, 10:42:12 AM
yes that's true, Bitcoin is becoming the new face of banking system in World . The Only problem is the scam fraud and hacking of online wallets which is a big thing to worry. Also in many countries where bitcoin has been restricted, the people there are not getting much awareness of present conditions of the cryptocurrency so they try to only prefer banking system as the money source . Bitcoin use is increasing but somehow its not really can be used as a banking system Embarrassed
member
Activity: 994
Merit: 14
July 27, 2018, 06:34:45 AM
I believe bitcoin will ultimately replace fiat in banking by 80% in the near future. The bankers are only postponing the doom day of their walking dead fiat. Time shall tell.
full member
Activity: 420
Merit: 100
Global Blockchain Solution For Transportation
July 27, 2018, 06:26:07 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

I think, right now,  it is very impossible to replace money in transactions because some countries already set some law and declared it as illegal. Maybe,  in other country and in some transactions it will replace by btc instead of money like in payment of bills.
jr. member
Activity: 83
Merit: 1
July 27, 2018, 06:23:22 AM
It is true that btc will play a very vital role in bank economy but it may not be the substitution for banks. it is only another method of transaction.
newbie
Activity: 84
Merit: 0
July 27, 2018, 05:59:26 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

no no no, not a banking but system behind the banking i think.
it help banking for any transaction, fastest sending fund, transparent transaction
it's a breakthrough for payment gateway,
when we talk about banking , automatically we talk about the system behind it , and all transactions with bitcoin realised by Blockchain . so the blockchain is it the future of banking system ?
Blockchain is the future of the banking system, but not the bitcoin's blockchain. Banks will develop their own blockchain, and they will use it to cut their costs on transactions and to speed them up. Bitcoin (and other cryptos) has some time now to grow and develop before banks go live with their own upgraded system. They won't tell people that they have developed a new blockchain based system, but they will advertise that their new system is quicker and cheaper, and that's all what people need, they don't care about the back end. If that happens, that will be a hard time for cryptos

It is possible and much appreciated banking of coins will become a future system needed.
newbie
Activity: 56
Merit: 0
July 27, 2018, 05:54:12 AM
To me i strongly belive that some day bitcoin will become the future of banking.One important consideration is that cryptocurrencies cannot be manipulated quite as easily as fiat currency, largely due to their decentralized and unregulated status
sr. member
Activity: 423
Merit: 250
July 27, 2018, 05:32:05 AM
I believe that while the alternative to money is not invented, and this place can take cryptocurrency, because it has the same properties. It remains only to wait
CJ7
newbie
Activity: 52
Merit: 0
July 27, 2018, 04:15:26 AM
maybe yes maybe no.
depending on the stability of bitcoin later. the government will be hard to trust bitcoin if it still often experience very extreme fluctuations. market improvements are needed to improve the frequent busyness of a given time.
after fixing it, maybe it could be in the future there will be bitcoin bank. maybe.
hero member
Activity: 854
Merit: 500
July 27, 2018, 04:14:07 AM
no,i don't think it will be the future of banking because i think government only want to kill bitcoin, they don't want to let it legally
I don't think they allowed it. we know that the banks are the number one enemy of the cryptocurrency. so I am sure they didn't allowed it and we know they they have a power to banned it or not allow in their country because of their government. government and banks have a big partnership because banks is one of the common need in the country to have an flow and exchange of the money.
newbie
Activity: 112
Merit: 0
July 27, 2018, 04:08:54 AM
Well the future is quite unpredictable buy bitcoin has done well
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