i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think bitcoin can replace the role of fiat money in the existing model of transactions, but it will be very hard. Because the basic system of bitcoin and the conventional model of banking is different. 
Topic: Bitcoin is it the Future of Banking ? - page 44. (Read 5914 times)
indeed, it is more reliable that other bank companies. You can assure also that your money will grow unlike in the modern banking its hard to put your money in the bank because it has low interest rate.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
for the future I think it could be if the government can legalize bitcoin or with the support of the people around I think will make it easy to receive i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Hi there Lucas*! You are definitely right, most of the people nowadays prefer bitcoin stored in their wallet rather than a money stored in a bank with so small interest. There are even people I have talked to that they don't even have a bank account but they have a bitcoin or altcoin wallet. That is why many banks are so alarmed that people might stay away from the bank and prefer to use those mobile wallets. One of the advantages of cryptocurrency wallet compare to banking digital account is that easy enrollment, you could create your own account even you are at home. You also didn't even need to sign some towering paper which you didn't even read.
No, it can not be. To be a coin, he must be officially eligible for hands-on transaction.In that case, bitkines are only online transactions. It is eligible for bank transactions not be a bank.
I think Users who make big transactions prefer bitcoin rather than bank. As part of several banks around the world have started using bitcoin for transaction purposes.
Here most users suggest transaction costs as the main problem, but when large volume transactions are considered transaction costs seem low.
Yes its the future of banking, with time they will all adopt it which i believe will make everything easy for them...
Hyp around bitcoin and other crypto currency is just beginning. Only 1% of the world's population owns a crypto currency and monitors the news of blockade technologies and investments in crypto-currencies. I think that within the next one and a half to two years, the Crypto currency will become more widespread
In my opinion, I think that it has a big opportunity in the near future, but replacing banking I am not 100% sure. It is unlikely to replace the banking.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I do not think that Banks will accept Bitcoin because Bitcoin is decentralized. I think that banks can adopt the blockchain technology but not Bitcoin. For me, Bitcoin in the future cannot replace money in terms of transactions. I think in the future, Bitcoin will be a main option for transactions.
Yes why not because we can see how technology works as to cryptocurrency ATMs also offer an innovative solution to solve one of the world’s biggest problems - banking barriers. As a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common.
BITCOIN is not going to happen as the future banking but BITCOIN is consisered part of the banking that serve as the alternative access in transaction making.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
*Replace money in transaction? Yes it could, as a matter of fact, I have send money to my friend from different location without the hassle of using credit card nor atm card. But using bitcoin and its wallet, the transaction is so smooth that it don't even charge me a peny because we are using a wallet addresses from a same wallet provider company. What much more great is that you could process the payment transaction without filluping some sort of bank forms, and you don't even need to visit the bank. Currently, as you could see, there are also electronic form of transaction done by famous banks. But there is a transaction fee and enrollment fee in a particular account.
I think bitcoin is not the future of bank, but bitcoin is a competitor of bank
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Very interesting bitcoin in banking, i think that it can't replace the money but it can do they use both bitcoin and money in banking. We know that blockchain use in banking in other countries why not right? We can use bitcoin to transfer money in safest and fastest way. I suggest to give a regulations or rules using bitcoin in banking system, I need a security in my account.
Actually right now blockchain technologi already in banking system. But for the cryptocurrency replacement issue, i think a little bit difficult. As you know that there is no one control the cryptocurreency market value right? It can be a big issue. Other thing crypto money wallet is unsecure (read the last info from bloomberg : Many investor in south korea lost their money becauseof hacker ). That’s why many country hasn’t allow the crypto money because of those issue.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
In terms of quantity of people using bitcoin and wallet it also spreads and receives banks bitcoin so there is a likelihood that it can be bank in future why not? because lots of wallet safe and secure.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Replacing money transaction maybe a little bit blurry to sew but atleast the other way around would do so and it is the money transaction in banking. As time pass by we can see how bitcoin grow as a norm which may be a reason to patronise bitcoin for banking.
We could actually look at it at that way because as time goes by Bitcoin is also being developed into something that we can use in our daily lives. Bitcoin being a bank might sound plausible because we can use it in transactions and we keep Bitcoin as savings in terms of Cryptocurrency. Thinking about Bitcoin being the bank has never crossed my mind but it is actually a great question because a lot of questions being asked is that if can Cryptocurrency or Blockchain Technology be implemented in banks.
Bitcoin actually is the future of banking. But the government is currently been careful not to integrating it with traditional banking since it has no central control and regulations. But in the future I foresee its full integration with the traditional banking system. I doubt if fiat will be completely faded away.
Nowadays more investors are investing on cryptocurrencies because they want an easy life. Cryptocuurencies help them make life easier especially in paying their bills and making different transactions online.
I agree,Bitcoin will be the future for banking because of blockchain.It helps our daily payment transaction more easier especially the payment.This will elimimate the ATM and other credit cards.That is why government are afraid in Bitcoin.
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