Topic: Bitcoin is it the Future of Banking ? - page 40. (Read 5914 times)
If this condition continues for a long time which is bitcoin has expensive transaction fee, I think it will not happen. Even today transaction fee in the banks is still much cheaper than bitcoin.Users who make big transactions prefer bitcoin over the banks. As a part several banks around the globe has started to use bitcoin for transaction purposes. bitcoin is become so much popular that it will be the future banking so soon.
Maybe not the future of banking, but i am more than sure in that there are a lot of stuff going to be done with bitcoins on the near future if there is a good adoption.
It can take some time, but it all is possible if we believe on it, so it will probably be sooner or later
It can take some time, but it all is possible if we believe on it, so it will probably be sooner or later
Of course, and i am more than impatient to see what is going to happen on the next few years as soon as there is another mainstream adoption and everybody will be using bitcoins for normal transactions, but it will take a little time to see it happening
Bitcoin and crypto basically goes against what banking is so i don't think that'll happen. The future of banking would probably be obsolete or will be replaced by some other method but it likely won't be crypto
Of course, and i am more than impatient to see what is going to happen on the next few years as soon as there is another mainstream adoption and everybody will be using bitcoins for normal transactions, but it will take a little time to see it happening
I think it is possible. It is a digital money that Bitcoin will once reach the banking phase.That only means that it going to be centralized, therefore the volatility of Bitcoin is no more, and eventually the hiked price that we are experiencing right now will just going to be gone.
I think it wouldn't because we can see that the requirement of a country has their own currencies like America have USD, China have yuan and another country, if the money replaced by bitcoin I think that all country don't have the identity. it just my opinion, hehe sorry if I'm wrong
For banks, trading through Usd, Euro or Bitcoin does not make a big difference in my opinion. The Bank is an company that sells money and earns money through monetary services.I believe this but ww3 is coming and this can change everything. I hope everything will be best for us.
We all know for a fact that bitcoin follows a decentralized system and it is somehow the exact opposite of the system that banks are following. Moreover, i don't think bitcoin will ever replace money though there is a possibility that the number of users will increase but since it follows a decentralized system, i doubt the government will give in to it.
Bankers and industry leaders in the Texas panhandle have recently been discussing what to do about blockchain technology and bitcoin.Banks might bring in Bitcoin in future, but completely making it the future of Banking might not be possible. But this will make banks think to increase there facilities with hassle free banking.
It's a fact which everyone knows that Bitcoin can potentially bring a major shift to the banking and investment industry.Yet, bitcoin would be a great currency for everyone as everything is controlled through the blockchain and it is impossible to counterfeit it.
But this also means that government, large firms, and so on, would have to be able to justify the use they make of their financial means
But this also means that government, large firms, and so on, would have to be able to justify the use they make of their financial means
Bitcoin will not completely replace the banks but rather be an option for people to use in the future. because the bank has its own system, especially in determining the interest. But that might be the future of banking, because we are now in the digital age where everything can be done online.
Thats absoultel right. I think even though widely used by many people and its adoption continues to rise. but that will not change anything about the bank. the government will continue maintaining the bank and bitcoin will only be an option for currencies and banks
AML BitCoin is the future and the answer to all the problems in the crypto market. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.
I might say yes, what happens now, Bitcoin deals are made with digital exchange and banking services. but did not change the traditional banking services commonly offered by banks. Because at the moment bitcoin can not replace money in the deals we make day by day. Bitcoin has some disadvantages, has a high cost, irrevocable transactions, is hard to get by many people, all wallets are anonymous. Some of these drawbacks can be an advantage for some people, especially anonymity and non-reversal of transactions.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Are not. I do not think Bitcoin can replace paper money in transactions. But it can be used in parallel with the current paper money. If that happens, the world will change in a better direction. There are already many companies that accept Btcoin in payment. I believe in the future Bitcoin will be accepted by the whole world, and used for shopping.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Are not. I do not think Bitcoin can replace paper money in transactions. But it can be used in parallel with the current paper money. If that happens, the world will change in a better direction. There are already many companies that accept Btcoin in payment. I believe in the future Bitcoin will be accepted by the whole world, and used for shopping.
Yeah it can be. It is not only future, it is present. Many banks are already considering to use blockchain for banking. Though, there rules would be different but it is still good.
Too much for today is holding on cash. I am sure that Bitcoins cannot be faulted in the near future. Perhaps in a few decades, when the whole planet will move to the digital economy.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
To replace the role of paper money I find it very difficult, because not everyone knows Bitcoin and not everyone has tech support to access Bitcoin, but I believe Bitcoin will be an alternative to future global transactions, Bitcoin and conventional money will run side by side and complement each other.
Bitcoin will not completely replace the banks but rather be an option for people to use in the future. because the bank has its own system, especially in determining the interest. But that might be the future of banking, because we are now in the digital age where everything can be done online.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I believe it is not just Bitcoin but the cryptocurrency itself be the future in Banking as long as digital money. because it will be a cashless banking by then.
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