Topic: Bitcoin is it the Future of Banking ? - page 34. (Read 5914 times)
Bitcoin will not replace money for early deals. Coins may change in the future but blockchain is still the main driving force. You can keep an unlimited number of coins in your wallet and have lots of wallets there. No atm or savings book. If bitcoin replaces fiat money completely, I think it's impossible, we know for ourselves to use bitcoin, we must have internet access and other devices can support bitcoin and unstable prices.
yes maybe one day will happen. but it takes a very long time because it is not easy to be the currency of a country because there are still many shortcomings in bitcoin .
Yes. I also believe in that.
Blockchain offers fast (not super but still fast) transaction.
The transferring fee is crazily low compared to other services of sending money abroad. You can pretty much stay in Europe and pay your friends in Australia some money in couple of minutes.
The security is very good (As long as you send to the right address).
With all these facts. Bitcoin is the future of banking and financial services.
Blockchain offers fast (not super but still fast) transaction.
The transferring fee is crazily low compared to other services of sending money abroad. You can pretty much stay in Europe and pay your friends in Australia some money in couple of minutes.
The security is very good (As long as you send to the right address).
With all these facts. Bitcoin is the future of banking and financial services.
In my opinion, it is possible if Bitcoin will replace the conventional currency.
Bitcoin has now become a digital currency that has undergone research and has been extensively researched about its superiority as a digital currency.
I think Bitcoin will be used as a global currency.
Bitcoin has now become a digital currency that has undergone research and has been extensively researched about its superiority as a digital currency.
I think Bitcoin will be used as a global currency.
I think for the system it may be, but for ownership arranged by a bank I think it is impossible, because the only thing that can manage bitcoin is blockchain because it is centralized and belongs to all bitcoin holders around the world.
work with the bank yes, help people make worldwide transactions easier. but replace? no, t would be too difficult especially for 3 world countries
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.
I agree. Cryptocurrencies may have different consensus protocols for verifying transactions, but all of them provide enough functionality to perform banking functions. So yes, a virtual currency can indeed replace the need for banks in the future.
For me that's very impossible because they do have different system. Bank do follow verification process as mandated by federal law however bitcoin don't. But I guess if bank will allow why not?
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
We cannot say it for sure, we need to wait for while, and then we will see, is it mandatory for banks to integrate bitcoin to their current system, or they will continue to perform the same. i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Yes , one day in future bitcoin will be alternate of fiat currency
Suddenly not. Fiat is the most convenient way for most people in terms of buying/selling physically so it cannot be replaced, maybe it will but not today. And most probably it will no longer be named as bitcoin when that time comes.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think bitcoin will not replace the fiat currency. And also bitcoin will not depend on the bank. Bitcoin will not be controlled by the bank. So bitcoin will not work with banks. Bitcoin will have its own way to stay attractive and more popular.
For me not future of banking, this is new way of banking. It is happening right now. Everyone knows and talks about Bitcoin and all cryptocurrency right now. Everyone using it. Ofcourse it needs more time but it has been started and paper money and banks will fade away in near future..
I think the future of banking will be in the hands of bitcoin. bitcoin can help people whose lives are deprived. bitcoin can bring a more beautiful future of humanity. I hope bitcoin can help me get rich and control the economy of the country.
Perhaps bitcoin will replace fiat in the future, but it takes a lot of time and and need to improve blockchain of Bitcoin.
I think BTC is so difficult to become a "future of banking". Because BTC is some problems: slow transaction, a low block size, high transacsion fee. But BTC is a King, it like a gold to lead all of the cryptocurrencies and hold on your wallet.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
It might be, because the future of bitcoin is limitless especially that it is inlined with our technology and even if right now the it is a close competitor for the banks there is a big chance that they will align with what is vital for the human developments.
I do not think so. The main business of banks is lending, savings deposits, transactions. These operations should be done with the stability of the currency and interest rates, the new bank is profitable. Bitcoin is not stable, its price goes up erratically so the bank will not use such a currency in the transaction.
I think yes because world will be a global stiuation and there will be single state so btc will be main currency.I believe this but ww3 is coming and this can change everything. I hope everything will be best for us.
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.
Bitcoin has been functioning more than a bank system, take a look of bitcoin transaction, no stress and every user are manager of his/her office. Which is perfectly working after payment confirmation. Further more, bitcoin has empower many youths, more than bank.
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