Pages:
Author

Topic: Bitcoin is it the Future of Banking ? - page 36. (Read 5914 times)

newbie
Activity: 196
Merit: 0
July 14, 2018, 07:05:06 AM
bitcoin does not have the power to challenge banks. People all over the world only recently got used to banks and the use of plastic cards. if we keep the money in the bank, it takes a yearly fee and there are many tasks to perform.
full member
Activity: 378
Merit: 100
July 14, 2018, 06:18:58 AM
I think that in the near future this will not happen.)) People all over the world only recently got used to banks and the use of plastic cards. Many does not even know what a crypt is at all))) Therefore, even if this and it will happen, it's only in the future. For the sake of this, everything has been conceived. In the meantime, it's good that the world has already started accepting crypto-currencies and banks in the first place, because this is a direct threat to their earnings. In General, by and large, not Bitcoin, but blockchain is the future of Banking. And most likely soon it will be another coin, because of the large BTC commission and the small speed of transactions. I think even Ripple has a better chance in the future.
sr. member
Activity: 415
Merit: 250
July 13, 2018, 08:41:49 PM
I don't think bitcoin is the future of banking, although many people now think bitcoin will replace banks, but now people are mainly speculating with bitcoin, and bitcoin does not have the power to challenge banks.
newbie
Activity: 238
Merit: 0
July 13, 2018, 08:39:45 PM
i think it will be great;and this what i call advancement of digital payment. it will be a transition to real world financial model. most advanced countries are pushing for it.
member
Activity: 209
Merit: 12
July 13, 2018, 06:48:01 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
There is no doubt that the crypto community is growing day by day. This indicates the possibility of bitcoin replacing money transactions. Bitcoin provides an easy and fast way to transact funds to any part of the world.
newbie
Activity: 135
Merit: 0
July 13, 2018, 06:26:13 PM
Yes, Bitcoin will be used against the bank in the future. Usually, if we keep the money in the bank, it takes a yearly fee and there are many tasks to perform. If we save it by bitcoin, it will work like a kind of investment, and we can transfer it to our needs. Otherwise Bitcoin security is very good and safe.
newbie
Activity: 98
Merit: 0
July 13, 2018, 04:38:21 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

no no no, not a banking but system behind the banking i think.
it help banking for any transaction, fastest sending fund, transparent transaction
it's a breakthrough for payment gateway,
when we talk about banking , automatically we talk about the system behind it , and all transactions with bitcoin realised by Blockchain . so the blockchain is it the future of banking system ?

We can say that it can be a future of bitcoin there are some speculation about it but if it's happen it would be a big contribution of bitcoin to our Bank's all over the country that bitcoin existing bank also have good benefits in it and bitcoin maybe can help banks get more progress if that happened more people also come into bank because lots of people have bitcoin it gives bank a credit.
newbie
Activity: 6
Merit: 0
July 13, 2018, 04:33:59 PM
I do not think so.
Cash is always actual
full member
Activity: 1316
Merit: 108
July 13, 2018, 04:21:50 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin and banking are incompatible things. Bitcoin is not able to replace the banks, it is simply not suitable for this. The main function of banks is credit and financial. How is bitcoin going to lend to individual sectors of the economy? Yes, he himself is able to quickly adjust the economy of any state because of its high volatility.
member
Activity: 198
Merit: 10
July 13, 2018, 04:01:35 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
It can be possible, but I think that first of all Bitcoin can become a worldwide payment methood or an alternative to the already existing one.
member
Activity: 952
Merit: 41
July 13, 2018, 03:59:22 PM
Yes bitcoin is a currency and at that bitcoin is already money on its own, bitcoin is the digital currency that is mostly use for online transactions and at the same time bitcoin is an assets that operate on the blockchain technology and the future of all online transactions which made the blockchain technology the digital bank.
member
Activity: 218
Merit: 12
July 13, 2018, 03:52:13 PM
 There is no chance for replacement, but it is possible that banks will add crypto currencies into their financial activity, such as storage and exchanging, but it's just my opinion the time will show how everything will change.
full member
Activity: 350
Merit: 103
July 13, 2018, 03:48:12 PM
I think it will require a long investment for bitcoin to supplant paper cash as the primary module of our money related framework, perhaps it will take a time to totally supplant that framework. Nonetheless, I beileve that bitcoin is really the eventual fate of our money related.
full member
Activity: 1890
Merit: 101
July 13, 2018, 03:12:19 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think this word is less precise, more accurate is "Blockchain is the future of the Bank", just look how many Banks have started issuing their own crypto coins, and that is to rival the market capitalization of Bitcoin, because they are aware that the concept of Bitcoin's existing Blockchain technology is the future in transacting and the future of their business (Bank).
full member
Activity: 323
Merit: 100
July 13, 2018, 03:03:43 PM
I do not think that bitcoin will replace money in transactions and also I do not think that bitcoin will be associated with the bank. Bitcoin will not be controlled by banks or anything else. Bitcoin has its own way to continue to potentially and achieve a good future. That's my opinion.
member
Activity: 115
Merit: 10
July 13, 2018, 03:03:17 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin can replace transactions done with fiat/ money in some years to come. This can be done if the world is educated on bitcoin and blockchain technology and how this will make the world easier to living in. Bitcoin can only replace fiat in terms of transactions when about 70% of the world population accept and use bitcoin as a digital currency.
copper member
Activity: 70
Merit: 0
July 13, 2018, 02:55:52 PM
Yes.I think bitcoin can completely replace fiat money.
full member
Activity: 350
Merit: 100
July 13, 2018, 02:33:09 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I don't think bitcoin can completely replace fiat money in all transactions. Bitcoin can be use alongside fiat money to improve banking activities; this because most economies haven't approve bitcoin for transactions. again people still need paper money to facilitate certain minor transactions that cannot be done with digital money
legendary
Activity: 1274
Merit: 1004
July 13, 2018, 02:25:42 PM
It is possible that Bitcoin will replace the physical money very soon. But it is also possible that Bitcoin does not exist anymore because in the market there are a lot of Altcoins which can give better results in the near future but anyways the physical money is going to be replaced. I don't care what currency will be there but I want the complete freedom so I can keep unlimited balance in an account and use in any possible way, I don't want to be bound by the government or any authority, by the way, I am not doing any illegal stuff but still we can have our own security we can be our own Bank.
newbie
Activity: 320
Merit: 0
July 13, 2018, 01:56:37 PM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Sure it can. Why should people use banks if they are able to transfer any amount of bitcoins without any difficulties?
Pages:
Jump to: