Topic: Bitcoin is it the Future of Banking ? - page 3. (Read 5914 times)
sure, bitcoin may be used against the financial institution in the destiny. usually, if we hold the money inside the financial institution, it takes a every year fee and there are numerous responsibilities to perform. if we shop it with the aid of bitcoin, it'll work like a type of investment, and we can switch it to our desires. in any other case bitcoin protection is excellent and safe.
Partly it did already. Many of us have been choosing bitcoin transfers instead of the traditional means of sending funds/money through the banks.
There already exist establishments that accepts bitcoin as a direct payment. Online merchants are out there too. Even the simplest phone top up can be made with bitcoin and even paying your utility bills. All done in the comfort of your home and at times using our mobile phones only.
There already exist establishments that accepts bitcoin as a direct payment. Online merchants are out there too. Even the simplest phone top up can be made with bitcoin and even paying your utility bills. All done in the comfort of your home and at times using our mobile phones only.
Maybe we will end the bank with bitcoin! The blockchain can perform all the functions of the bank.
Banks must change the status quo in order to comply with the development of the times, in order to better serve humanity!
Banks must change the status quo in order to comply with the development of the times, in order to better serve humanity!
With the high demand and good liquidity of Bitcoin, in the future, banks will use Bitcoin as the main currency. Bitcoin has stepped into the global financial system on a broader scale.
Maybe. But as of now i think it's far from being possible. Yes cryptos at the moment are really famous but it's not yet implemented by the government. And since it has its own decentralized system, I think the government would find it hard to trace all its users. Maybe after long, long years the government will acknowledge cryptos if they are still existing by that time. Beside this I've read some article and it says there that it is impossible to replace the fiat of other digital cryptocurrency. It shows there also of how money dollars reserve they have and digital currency has just only few reserve so its impossible to replace it. Aside from that digital cryto is depending also on fiat. Without fiat, digital currencies are nothing.
if it is used as the future of banking, I think it will not happen because it is not the goal of the crypto, because banking is in the form of an institution with various conditions that are very restrictive, besides banking there is also a controlling agency to control every activity, and it will not happen in cripto, freedom so that the transaction will be more efficient it will stay awake in cripto
It is possible, but certain things need to be put in place, especially in undeveloped nations with less internet access
Cryptocurrency is becoming more popular and far ahead of everyone's expectations. Through its platforms, investing in Bitcoin will be easier, safer and simpler for all investors.
home to store personal money. this analogy can be made. it could be your future bank.
but I think the banks are located in the center of the world. it is not so easy to shake it. because we need a bank. we need the power to manipulate their infrastructures.
but I think the banks are located in the center of the world. it is not so easy to shake it. because we need a bank. we need the power to manipulate their infrastructures.
this is a difficult question and there may be bitcoin and banking together or there will not be banks at all?
Basically, you are asking if bitcoin can become a globally accepted currency?
It highly unlikely. It lacks misfits of the qualities banks and financial organizations look for in a currency.
The blockchain technology however could be integrated into the banking system.
It highly unlikely. It lacks misfits of the qualities banks and financial organizations look for in a currency.
The blockchain technology however could be integrated into the banking system.
I would love to know how Bitcoin protects me if someone steals some of my bitcoin/money like my bank does.
If bitcoin replaced the money completely, I think it's impossible, we know we use bitcoin, we must have internet access and other devices can support and bitcoin price is not stable, we also know Every bitcoin has no physical form, I think bitcoin is better suited for long term investment. We will be on the moon.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
This view is possible in the future because nowadays many countries are using blockchain technology from Bitcoin to apply management in industry, enterprises and some other fields. Bitcoin is evolving and is proving to be a viable technical currency in the near future. I think it depends a lot on Bitcoin that is approved for use in countries where people will change their view of using Bitcoin to change currency.
For me, Bitcoin = no banking needed. At least in a form of keeping our money safe. Banks became big companies that want you to lend money from them.
I think that after taking bitcoin banks in fact and will not exist
Cryptocurrency cannot be separated from innovation and advances in digital technology that cannot be dammed and are more influential in modern human life. It is difficult if bitcoin is used in the banking world because bitcoin is not related to anything while the Bank regulates the amount of currency issued in accordance with monetary policy objectives.
I do not think Bitcoin can replace paper money in transactions. But it can be used in parallel with the current paper money.
Blockchain technology I consider as the future of banking, bitcoin will definitely be a major player/currency in that new era, I believe most will consider it and deal in bitcoin rather than USD.
Banking your Bitcoin will be no different than banking your dollars. Just like when you deposit your dollars in a bank account the bank doesn't store your specific dollars in a box somewhere for you it loans your money out and your savings account balance is the bank's debt to you.
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