Topic: Bitcoin is it the Future of Banking ? - page 42. (Read 5924 times)
In the next few years I do not think it will totally replace the banks, but in the future, maybe they will be in the same level
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
This is not impossible to happen. Maybe sometime the bitcoin can replace moneu, because it is less costly to use bitcoin, all you need is phone and internet in able to do transactions unlike with money, where you need to have the bill to do transactions, where the government alloted budget to do bills. Moreover as per the banks, they will probably accept the changes if the fiat will end and the bitcoin will rise.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Cryptocurrency in general will be the future of banking and probably the end of middleman banking when cryptocurrency has been perfected. This is because cryptocurrency thrives in the blockchain which is in itself an unhackable system for cryptocurrency transactions. Typical banking can still be intercepted.
I think until whenever bitcoin can not be the future of the banking world. I'm not sure that it can happen. Now the technology that bitcoin brought is far less than other crypto currency technology. My belief is that blockchain technology can become the future of the banking world. I am sure if this blockchain could bring a better banking future. If this can be realized then the banking world would be very advanced. However, bitcoin can not replace fiat money to transact. Bitcoin and fiat money can only be complementary but can not replace each other. Fiat money works great for offline transactions and bitcoin works great for online transactions.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bicoin and banks has different systems, where as banks considered the profit they will gain because, however the bitcoin focuses on the investors to gain high profit. They have many differences in investing, but the things is bitcoin is more efficient and effective than the bank. But as we all know as the bitcoin make name, the bank is threatened on what the bitcoin can do, so more probably the banks will soon accept bitcoin.
I think it could happen, but i don't think the banks will allow it. Many men and women used bitcoin around the world and it's up to the people, if we should make the bitcoin the future banking.
the future of bitcoin is actually blockchain technology, I strongly disagree bitcoin associated with banks, or do transactions through banks, because the bank has its own system, especially in determining the interest. we know for ourselves using bitcoin we must have internet access and other devices that can support as well as unstable bitcoin prices. it's probably 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'm not sure Bitcoin is the future of local banks. Bitcoin is currently being used extensively for Internet payments. I think Bitcoin is a good future for banksi was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it is possible because we are in a millennial stage. Though it will takes some time before it happen because banks are against with Bitcoin because they cannot control the supply. But they have no choice but to adopt the technology to make their business up and running. This will make a big loss for them if Bitcoin is accepted by banks all over the country. It will make them crumble.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it is possible because we are in a millennial stage. Though it will takes some time before it happen because banks are against with Bitcoin because they cannot control the supply. But they have no choice but to adopt the technology to make their business up and running. This will make a big loss for them if Bitcoin is accepted by banks all over the country. It will make them crumble.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
This is very unlikely in the near future. Currently bitcoin still has some legal issues in some countries have not accepted bitcoin, on the other hand bitcoin price fluctuations with very large fluctuations also cause many difficulties for the transaction. However, in the future when these issues are resolved, bitcoin will gradually become popular and widely used as a payment method.
Banking will surely take advantage of the blockchain technology. In fact, many banks have already started to take advantage of the blockchain. One such example would be Barclays which be using it for ned users and completely integrate into their system.
Also, you should have heard about Ripple. It is surely a centralized solution but enables banks to do cross-platform payments more quickly and securely.
Check this article out on how Ripple wants XRP to be Bitcoin for banks.
Also, you might have heard about private blockchains. They are not similar to banks, but not completely. You can read more about the difference in a detailed article by Swati on 101blockchain.
Overall, I think Banks have to adapt blockchain. Also, there are plenty of reasons to like blockchain, but not Bitcoin.
Also, you should have heard about Ripple. It is surely a centralized solution but enables banks to do cross-platform payments more quickly and securely.
Check this article out on how Ripple wants XRP to be Bitcoin for banks.
Also, you might have heard about private blockchains. They are not similar to banks, but not completely. You can read more about the difference in a detailed article by Swati on 101blockchain.
Overall, I think Banks have to adapt blockchain. Also, there are plenty of reasons to like blockchain, but not Bitcoin.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin can not replace the national money of any state. Also, he has nothing to do with banking and, moreover, can not replace banks. Such an assertion is a great stupidity. First of all, banks perform a credit and financial function, and the central bank of the country, in addition, and the stabilization function for national money. Bitcoin, with its high volatility itself is able to disregard the economy of any strong state in a very short time. Well and to credit separate branches of economy of the state, I at all do not speak it. i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it is possible because we are in a millennial stage. Though it will takes some time before it happen because banks are against with Bitcoin because they cannot control the supply. But they have no choice but to adopt the technology to make their business up and running.
My opinion to answer your question:
Blockchain - YES
Bitcoin - NO
Blockchain - YES
Bitcoin - NO
I agree that Bitcoin is made by transactions and exchange, payment and banking services. The people of the world who are taking Bitcoin are enjoying the benefits of Bitcoin through banks.
No I don't think it will replace fiat as the governments just won't approve due to the lack of control they can have with Bitcoin. But hey I can be wrong, anything can happen in this strange little world.
yes I agree, in some countries like china, they forbid bitcoins because of hard currency controlled, the number of cryptocurrency scams, usually used illegal transactions and more.
but I also hope the other bitcoin and cryptocurrency can be legalized by all countries, because it can improve the economy of society, like me
I am not sure about this because I think the meaning of the "bank" itself may be for the personal bank for every people which have bitcoin. bitcoin is different than any currency especially fiat and only the owner of bitcoin that can manage his bitcoin. so I think when people have a bitcoin then it means, they can have their own bank account and they can spend their bitcoin to buy something but this is only if in his country is accepting bitcoin as the payment. or he can convert his bitcoin to fiat so he can buy what he wants.
Due to its popularity, demand and along with the advanced technology bitcoin could be a successful and reliable online banking system but I don’t it could fully replace the real banking industry. Some people may still not be comfortable with the use of digital currency.
Banks do not easily accept bitcoin. Because its foundation can not equal many other well-established coin
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think it will never happen that bitcoin will be our future banking because our government did not let that happen. Actually before you think that bitcoin will be our future banking for me think first if bitcoin can make legal worldwide because there is a humor that it will be banned worldwide.
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