Banks are taking huge interest in Crypto world, and they will find a way to cut in and get profit someway, already SBI Holdings officially launched its in-house crypto trading platform.
https://www.bitcoinmarketinsider.com/bank-backed-crypto-exchange-finally-opens/
Topic: Bitcoin is it the Future of Banking ? - page 32. (Read 5914 times)
The Future of Banking - it's so far tot talk about although it is very stronger now
I dont think so, our governments will strongly disapproved that because they cant just let everyone use money freely or use it whatever they wanted to specially bad things, governments wants in control of money or regulate it to avoid these such kinds of bad things to happen like money laundering and so on. Bitcoin maybe just a way of banking or an alternative for some, but it is less likely to replace our banking systems
I think it is very difficult for that to happen. Because Bitcoin has completely different properties from fiat money
I think as a modern tool for exchange between banks cryptocurrency can take a certain place in the banking sector, only for this I think it should take 5-6 years. so far, in my opinion, people are not ready to use it, because it takes time for a person to understand the essence of this technology
Bitcoin is growing and improving. It's more like a currency. Perhaps in the future it will replace the money in the transaction. But this will be a distant future
Base on frequent approval of BTC it is quit obvious that BTC is the future of banking, the space is still evolving, In order to remain relevant in this age, you must embrace the crypto,blockchain and Bitcoin technology s this is the real answer to the cashless policy revolution.
In banking industry, when we put our money on it we help our economy because bank is use our money to invest in some company but out of our mind, we just holding our money without getting interest on it, they are the one who benefited, unlike on bitcoin that, when we invest on it we can earn on a short period of time so that for me I will choose bitcoin and I think Banking industry will lessen in the future.
I think bitcoin can replace money as currency. Bitcoin is store of value and currency in the same time. Its like gold but in digital form. Bitcoin transaction doesnt need third party like banks. But it doesnt mean bitcoin will kill banks because banks must be adopting cryptocurrency to maintain their bussiness
Why not, I believe the future of banking will use bitcoin as a tool for transactions. The world of technology has changed, and it's changed to cryptocurrency. The banking world will be forced to use that technology in the future.
I think bitcoin future in banking.people who believe that the crypto banking system has great prospects in the future 
Who knows the next few years or more from now the paper currency will be threatened by bitcoin and it may happen because we are now in the digital age where everything can be done online
I can not think. To replace the money in a transaction, it must have the same characteristics and functions as money (measure value, medium of exchange , a means of storing value) or better. But in fact, Bitcoin only has tags that perform the exchange media function. As a means of storing value, Bitcoin lacks a bit of standard - erratic price fluctuations that make it difficult for Bitcoin to become a reliable storage facility. Finally, as a measure of value, this is still controversial. Currently, there are no products or commodities whose value is expressed in Bitcoin units, but this is changing rapidly
Yes it did in some ways! I sent money for my friend oversea by bitcoin, and he received it right away. This is 1 type of transaction, the receiver got bitcoin, then sell them in their currency. This is really fast but cost less than traditional way of money transfer!
This is very difficult because Bitcoin and fiat money are very different. Fiat money is stable and stored separately, Bitcoin is unstable and stored by its users
Yes their is a future of banking now in my country theirs bank accepting bitcoin already many thing it is posible in technology they want a change to work with bitcoin. Many peoples or government is that agree for the bitcoin but they need to trust so someday it will work and thwy are wrong if what they are thinking of bitcoin.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Regarding the very next future no, I don't think it's possible. In 50 years I think it could be a serious possibility. I don't know how many people will still use cash by that time.
At the moment banks are working very well, I think Bitcoin will not replace the banks. Government and people will not accept that, it's not a good idea.
No, not until Bitcoin can replace all fiat money. And that Bitcoin replaces all fiat money is far from being possible. There are many reasons for that. Bitcoin doesn't recieve all advocation, so there will be big argue between two sides : supporter and opponents. Also, Bitcoin is just in the early stage and it has many imperfections to improve.
I tend to believe Bitcoin seems like the competitor of banks. Unlike physical money which is centralized, Bitcoin is decentralized, meaning that it can be traded without third parties like banks. Thus, the need for bank will decline. How can Bitcoin become the future of banking?
Jump to: