Topic: Bitcoin is it the Future of Banking ? - page 31. (Read 5914 times)
It is unlikely to be able to completely replace, but it will be an excellent alternative to outdated banking operations.
DAOX
Yes, Bitcoin could be the future of banking but it still needs some improvements. It is still not accepted as payment although the list of companies. Bitcoin and cryptocurrencies are volatile that we can observe over the last year in the valuation of some cryptocurrencies and their market cap is the most meaningful evidence.
Bitcoin is not the future of banking. Banking will be replaced as central banking, and private institutions like the federal reserve possess extreme power and have been aware of the extreme systemic failure that is our current financial system of FIAT money. Bitcoin is sound money and is not going anywhere. Look at the price right now, it's clobbering anything else that exists. Why? because the world thinks it's the best. I guess it is a long run in order for btc to replace money in transactions but I think it will happen soon or late if there won`t be a huge fall of it.
But if we estimate it on a global scale, it's just something that leaked to the press, and how many in fact left-hand scavengers and sellers of bitcoins can be nobody knows, but the news of the capture of criminals with crypts in their hands is constantly emerging.
already now there is a war between bitcoin - vis and the master of cards! bitcoin took under himself a huge financial control! it provides most of the transactions! of course no one doubts his future existence! Capitalization of transactions and turnover is constantly growing! bitkion is the future monetary system!
All country people wait for the bitcoin bank. So coming future bitcoin will be accept and all bank will be use the transaction process and trading process. It help to people growth and people will be learn more information. But time is important of this process. So time to complete the process. It any time to up and down. So wait for the price increase. Bitcoin will be charge the world digital way. It good opportunity improve your knowledge.
already now there is a war between bitcoin - vis and the master of cards! bitcoin took under himself a huge financial control! it provides most of the transactions! of course no one doubts his future existence! Capitalization of transactions and turnover is constantly growing! bitkion is the future monetary system!
With bitcoin's volatile nature? It's rather risky, don't you think? Your overall savings will be affected if a bitcoin's value suddenly changes.
Sure, in the long run it'll increase, but you'll never know when a sudden drop comes around.
Sure, in the long run it'll increase, but you'll never know when a sudden drop comes around.
many of the world's largest banks have already stated that bitcoin is the future currency and the technology of blocking is the future in the work of banks, and those who do not accept it will ruin themselves!
I do not think Bitcoin really can replace the fiat. I would argue that our best case scenario is that they exist side by side. It also means the banks will not really die, but they will certainly be less influential, which is a change that I think the world needs so much. Having the option to use Bitcoin or Fiat is also better for consumers, because they can have the best of both worlds without sacrificing anything.
Bitcoins like exchange and payment instruments such as gold, diamonds, paper money, stocks, commodities whose value is a general consensus of public acceptance and confidence in the future bitcoin will remain one of the alternative currencies but will not replace the fiat.
That is what so many people are speculating but we really can't be so quick and draw conclusions. We have to give it sometime for most of the governments all over the world to come into an agreement with this before we can move out into the cashless system
Bitcoin is totally the opposite than banks, there is no way that you can compare bitcoin to a real bank because they dont have anything in common. Blockchain could be the same as the red who is behind the banks, Banks don't use what will not generate serious money for them. For banks to accept bitcoin they must have figured a way to earn a lot with it. But I believe they might adopt the use of blockchain for their services especially on fast remittances.
Bitcoin has nothing to do with banking and can not perform the functions of banks I do not think Bitcoin can replace paper money in transactions. But it can be used in parallel with the current paper money.
if bitcoin replaces fiat money completely I think it can not, we know for ourselves to use bitcoin we must have internet access and other devices that can support and also bitcoin prices are not stable, we also know not all places can get internet access, and bitcoin also has no physical form, I think bitcoin is more suitable for long term investing place.
agrees with you, because Bitcoin can be said to be his enemy from the Bank, it is clear and far different ways the work of Bank and Bitcoin. at the start of anonym and centralization.
and I hope Bitcoin is not made the Bank, because it will destroy its basic nature of Bitcoin itself as "cryptocurrency decentralized".
It's possible to happen if the World is preparing to be a cashless society. imagine all the transactions are being made online. you don't need to bring physical money with you. but as long as fiats exist, and so are the banks.
At the moment, bitcoin is definitely the main coin that can be used in the banking system. There are also a lot of new promising coins that can be used in the banking sector.
I really don't see bitcoin replacing flats and banks denouncing fiat and starts using bitcoin. Banks don't use what will not generate serious money for them. For banks to accept bitcoin they must have figured a way to earn a lot with it. But I believe they might adopt the use of blockchain for their services especially on fast remittances.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin is not just the future of banking but can even replace and do better than what the bank can do. Bitcoin shows that it can help sessions move faster and still be safe. Ignore the third party and save some time and expenses unnecessarily. 
Bitcoin can not absolutely supplant cash. It can be utilized as online exchanges as a greater amount of trade. Nations which government has prohibited Bitcoin cannot utilize it with the exception of in their own money. The administration, in general, won't absolutely acknowledge it since they can't control it.
Jump to: