Topic: Bitcoin is it the Future of Banking ? - page 33. (Read 5914 times)
Bitcoin is not the future of banking system. That's blockchain technology which might be the future of banking system. If banks are interested in this new technology, they will create a new cryptocurrency. They won't use bitcoin.
bitcoin can only be seen from experienced people and no word surrender until saturated second seconds.
It has the capacity to do such but it will not be perfect to replace every aspect of the banking industry with bitcoin.Things are far too complex for such a simple solution.
So someone narrated...
A recent trip back to my hometown of Dallas, Texas got me thinking about the future of cryptocurrency. During my visit, I came across a physical “Bitcoin ATM” while putting gas in my car at the local Chevron Station.
I learned that this Bitcoin ATM is operated by Coinsource, one of the world’s largest Bitcoin ATM providers. With over 250 Coinsource ATMs located across the country, the company aims to leverage the tremendous growth of Bitcoin by providing an easy and secure way for people to convert Bitcoin to cash and vice versa. As Bitcoin becomes more mainstream, the Coinsource network saw the need for a “scalable identity platform” that could support this expansion.
The rise of Bitcoin ATMs clearly demonstrates the advancement of digital payments. As a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common.
More interestingly, however, cryptocurrency ATMs also offer an innovative solution to solve one of the world’s biggest problems - banking barriers.
Approximately 2 billion people worldwide and roughly 59% of adults in the developing world don’t have a bank account. Yet in some countries, cash transactions represent up to 95% of all transactions.
However, it’s interesting to note that a large number of these unbanked people possess a cell phone, providing them with the means to keep a digital wallet to store cryptocurrencies. Once a digital wallet is in place, blockchain transactions allow for the transfer of Bitcoin and other cryptocurrencies in a peer-to-peer fashion, without any intermediaries involved. The use of blockchain technology in the financial sector has been identified by many as a potential solution to reduce poverty by democratizing the access to the economy.A recent trip back to my hometown of Dallas, Texas got me thinking about the future of cryptocurrency. During my visit, I came across a physical “Bitcoin ATM” while putting gas in my car at the local Chevron Station.
I learned that this Bitcoin ATM is operated by Coinsource, one of the world’s largest Bitcoin ATM providers. With over 250 Coinsource ATMs located across the country, the company aims to leverage the tremendous growth of Bitcoin by providing an easy and secure way for people to convert Bitcoin to cash and vice versa. As Bitcoin becomes more mainstream, the Coinsource network saw the need for a “scalable identity platform” that could support this expansion.
The rise of Bitcoin ATMs clearly demonstrates the advancement of digital payments. As a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common.
More interestingly, however, cryptocurrency ATMs also offer an innovative solution to solve one of the world’s biggest problems - banking barriers.
Approximately 2 billion people worldwide and roughly 59% of adults in the developing world don’t have a bank account. Yet in some countries, cash transactions represent up to 95% of all transactions.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
everything could happen, but I do not think that bitcoin is the future of banking. there are many striking differences between bitcoin and bank. bitcoin unrelated and attached to the government while the banks under the auspices of the government. and even all banks must have taxes for the government. if so many people understand about the benefits of transacting anything with bitcoin. and many people are using bitcoin to avoid too much tax. maybe someone would prefer to trade with bitcoin than with a bank.
I also agree with the opinions of people who say that in the future the bank system may be using a blockchain system like bitcoin. by not changing their fiat currency. as more and more people are using technology today, banks will do the best they can to be in demand. so in my opinion, bitcoin will not be the future of banking.
Yes, maybe the accumulation of bitcoin banking. Perhaps in the next few years, BitCoin should be turned into banking just like money, and if this happens then the people will be facilitated.
on the off chance that bitcoin replaces fiat cash totally I figure it can not, we know for ourselves to utilize bitcoin we should have web get to and different gadgets that can bolster and furthermore bitcoin costs are not steady, we additionally know not all spots can get web get to, and bitcoin likewise has no physical frame, I think bitcoin is more appropriate for long haul contributing spot.
It seems like the bitcoin will end the banking system in future as many people adopted bitcoin and the good think is it doesn't involve any third party interference with users and their currency,this makes users satisfied.
In my opinion, Bitcoin has all the citizens to replace Fiat, since these operations can be transferred to any point of the world, in the shortest possible time, and with a minimum commission, and no one for whom crypto banks already appear, there are even loans and hypothec in cryptocurrency
Yes, BTCanking"s future is BTCitcoin.
So someone narrated...
A recent trip back to my hometown of Dallas, Texas got me thinking about the future of cryptocurrency. During my visit, I came across a physical “Bitcoin ATM” while putting gas in my car at the local Chevron Station.
I learned that this Bitcoin ATM is operated by Coinsource, one of the world’s largest Bitcoin ATM providers. With over 250 Coinsource ATMs located across the country, the company aims to leverage the tremendous growth of Bitcoin by providing an easy and secure way for people to convert Bitcoin to cash and vice versa. As Bitcoin becomes more mainstream, the Coinsource network saw the need for a “scalable identity platform” that could support this expansion.
The rise of Bitcoin ATMs clearly demonstrates the advancement of digital payments. As a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common.
More interestingly, however, cryptocurrency ATMs also offer an innovative solution to solve one of the world’s biggest problems - banking barriers.
Approximately 2 billion people worldwide and roughly 59% of adults in the developing world don’t have a bank account. Yet in some countries, cash transactions represent up to 95% of all transactions.
A recent trip back to my hometown of Dallas, Texas got me thinking about the future of cryptocurrency. During my visit, I came across a physical “Bitcoin ATM” while putting gas in my car at the local Chevron Station.
I learned that this Bitcoin ATM is operated by Coinsource, one of the world’s largest Bitcoin ATM providers. With over 250 Coinsource ATMs located across the country, the company aims to leverage the tremendous growth of Bitcoin by providing an easy and secure way for people to convert Bitcoin to cash and vice versa. As Bitcoin becomes more mainstream, the Coinsource network saw the need for a “scalable identity platform” that could support this expansion.
The rise of Bitcoin ATMs clearly demonstrates the advancement of digital payments. As a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common.
More interestingly, however, cryptocurrency ATMs also offer an innovative solution to solve one of the world’s biggest problems - banking barriers.
Approximately 2 billion people worldwide and roughly 59% of adults in the developing world don’t have a bank account. Yet in some countries, cash transactions represent up to 95% of all transactions.
I think bitcoin will not replace fiat currencies because I think that Bitcoin is destined to be like gold It can be a very valuable commodity in which investors can protect against falling stock markets.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Yes! Bitcoin can be the future in banking, but replace money in transaction to bitcoin, i don`t think so. I think government disagree if some people or lawmakers proposed to replace bitcoin as a money in transaction.
No. Bitcoin high volatility hampers it from being a reliable methods of payment. Therefore fiat money is still needed and transactions provided by banks are still indispensible. Also, I don't think governments are willing to replace the money the Central Bank issue by an infancy cryptocurrency like Bitcoin
Bitcoin is unlikely to ever be used for banking. For this, there are individual altcoyins, such as ripple. Bitcoin can only be used by banks to exchange and other transactions in order to extract their profits from this. For banking, banks and their associations create new tokens, which will be more adapted to serve banks.
I don't think Bitcoin can replace fiat money transactions. Governments are organizations operating the financial system. As long as they accept Bitcoin, there's nothing like that happen. But the prospect they will get rid of the money they issue to give way to a decentralized infancy money is pie in the sky.
Bitcoin very much has the potential to to take over all banking systems in the future, bitcoin is still in its infancy and has a long way to go before it can really take over all banking systems. What that means though is that right now is the perfect time to get into bitcoin.
I don't think so since use of bitcoin doesn't really need banks. And for me banks will not try to use bitcoin since it is not stable and very volatile.
It won't happen. If you want the bitcoin will be our future of banking its like we give the bitcoin to our government. Its like we risk something that is more important. Its better that it will continue like this. Being legal but not holding by the government.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I do not think that there is no country that wants to replace its currency with another currency, only different bitcoin - a digital or virtual currency, the value of which can not be influenced by the state government. In the future it will have nothing common with banks. Jump to: