Bitcoin is it the Future of Banking ? - page 39.

Macai

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Quote from: Aleth on July 13, 2018, 12:45:19 AM

Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

There are plenty of coins in the market, it might be one of them, it will be digital money in future banking not nit just Bitcoin perse. We should consider altcoins either.

Good point, we should not just limit to one coin, it doesn’t mean that Bitcoin leads it is just one coin in banking? No! , with those coins in the market has all value and capable to invest in them, therefore they are also capable in banking. Digital currency is for Banking- altcoins with Bitcoin.

Aleth

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Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

There are plenty of coins in the market, it might be one of them, it will be digital money in future banking not nit just Bitcoin perse. We should consider altcoins either.

BILGPS

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I don't think so that bitcoin will change the banking but i will fast the banking industry and with this the banking system will be more advanced while the fiat money existance will also affected people will just use ATM to use their money and i like the online transactions than any other mode of payment.

ArifNewaz

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A blockchain could improve upon existing systems by allowing real-time settlement more cheaply and quickly than is possible at present, according to the bank.

Lazykarl

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I don't think so if Bitcoin is the future of banking but I guess it's "No".They have some similarities like investing and etc. But they have different aims and goals.😃

Xising

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Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

It can be, but I don't agree that cryptocrurencies will kill off the banking system. As we all know the banking system is a investment-oriented business, therefore, it would be more feasible that more and more banks would actually change and adapt their system to the cryptocurrency market so that they can accommodate it and take advantage of the increased income they may bring their business. Although there are so many negative stuff swirling around the cryptocurrency market, it is still a legit and a good paying market that would entice anyone who wants to gain a profit.

julielyn

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Quote from: aryaadikariyansyahsuwarto on October 25, 2017, 08:22:50 PM

I strongly disagree bitcoin associated with the bank, or do transactions through the bank, because the bank has its own system, especially in determining the interest. I hope you are aware of what you think, we will feel crowded if bitcoin is connected with the bank .. !!

I do not think that bitcoin is future banking because you're still cash out of money without the bank's fact the bank can bankrupt it when you invest your bitcoin at the bank.

Fishthatgirl3

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I dont think bitcoin will be but other altcoin projects that integrate blockchain with technologies to help sending money faster will do the jobs.
Fintech (financial technology) is developing at a high pace. Many of us dont even own pay cash back to friends or use our money to buy groceries any more. We just go online and purchase.
Altcoin projects can make future banking even better.

chesa21

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My opinion that bitcoin can't replace fiat as the banking because goverments just not approve bitcoin. But anything can happen in this strange little world.

Rose119

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Quote from: Btcepoy11 on July 12, 2018, 08:12:36 PM

Quote from: IndigoRed on July 12, 2018, 08:02:56 PM

Quote from: RosellaMurphy on July 11, 2018, 11:47:39 PM

Bitcoin has own platform one day he replace banking system

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.

That's right bitcoin will replace banking system, and there will be more people enjoy to use bitcoin system. With the use of bitcoin, we can assure that there is no hassle for any transaction and it is decentralize . Even if you are in the house you can do any transaction.

You are right , that is the reason why I really like bitcoin because we can use it where ever we are ,even in our house we can pay bill without any hassle on traffic or in line at the bank .

Btcepoy11

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Quote from: IndigoRed on July 12, 2018, 08:02:56 PM

Quote from: RosellaMurphy on July 11, 2018, 11:47:39 PM

Bitcoin has own platform one day he replace banking system

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.

That's right bitcoin will replace banking system, and there will be more people enjoy to use bitcoin system. With the use of bitcoin, we can assure that there is no hassle for any transaction and it is decentralize . Even if you are in the house you can do any transaction.

rob143

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It should be like that, everyone will be more than happy because all their money will be fully decentralized and there would be no way to know where are you sending/using your money for. But it can take more than a long time until it can become a reality

IndigoRed

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Quote from: RosellaMurphy on July 11, 2018, 11:47:39 PM

Bitcoin has own platform one day he replace banking system

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.

Jay51

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Bitcoin is unlikely to ever be used for banking. For this, there are individual altcoyins, such as ripple. Bitcoin working only 9 years, there is certainly such it is possible to create bitcoin bank.

_jshsnts

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Bitcoin is playing an important role in our modern time especially in our daily transactions. Is bitcoin useful ? Yes, it makes our transactions easier just using our mobile phones and computers and it is time-saving as well . Is bitcoin safe ? Somehow, cause people can still do transacions with anonymous people .

But is really bitcoin the future of banking ?

Cryptocurrency is surely a step into the future that eliminates from these institutions the mishanding of documents and records, the dishonesty, lack of trust of employees as well as the lack of reliability

The fact that the currency or payment system exists in the public domain with a protection of all the nodes connected shows just how much bitcoin can be a game changer in terms of securities, risk and data management. SO IT'S NO.

Sandijoee

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it may happen because we are now in the digital age where everything can be done online. Who knows the next few years or more from now the paper currency will be threatened by bitcoin.

RosellaMurphy

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Bitcoin has own platform one day he replace banking system

Basterianthis19

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Bitcoin is unlikely to ever be used for banking. For this, there are individual altcoyins, such as ripple. Bitcoin working only 9 years, there is certainly such it is possible to create bitcoin bank, which will accept bitcoin and other cryptocurrencies, but whether it is necessary for someone or not that is the question.

nagobinga

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depending how long the bitcoin will last, it will not be able to do bitcointalk what we want and for the bank definitely need each other for a token.

victoryana

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the future of the bitcoin co-founders themselves as well as by investors such as investors who like the trend of short-term investment, the future of the coin mainly for short-term investment and vice versa

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