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Topic: Bitcoin is it the Future of Banking ? - page 45. (Read 5914 times)

newbie
Activity: 32
Merit: 0
July 08, 2018, 05:21:07 AM
I think that's a good. Bitcoin is accepted in many countries and the people are regularly using bitcoin for low fees,instant transaction and anonymity.Online marketplaces also accepting bitcoin payments.So there's no doubt that it is the future of banking.
hero member
Activity: 1554
Merit: 501
DGbet.fun - Crypto Sportsbook
July 07, 2018, 09:53:06 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Why not, it is quite possible. But before that, BTC has to greatly improve its system. To replace transactions with money, it has to be much faster and less expensive. At this stage, I think we can not talk about it, but it is quite possible for the future.
I do not think so, regardless of whether it can improve the transaction speed at a cheaper cost, it still can not be the future of the bank because bitcoin do not have people standing behind, more precisely, governments do not support it, accepting it would threaten the authority of the government, so most governments always consider it a thorn in their eyes. They did not remove it was a blessing, if it replaced the bank and became widely circulated currency, the government will probably be very headache, people will trade and even money laundering when bitcoin is anonymous
newbie
Activity: 112
Merit: 0
July 07, 2018, 08:50:16 AM
I firmly differ bitcoin related with the bank, or do exchanges through the bank, on the grounds that the bank has its own particular framework, particularly in deciding the premium. I trust you know about what you figure, we will feel swarmed if bitcoin is associated with the bank .. !!
newbie
Activity: 23
Merit: 0
July 07, 2018, 08:35:04 AM
Bitcoin could possibly become a future banking because most people use bitcoin for transactions and a source of earnings.
member
Activity: 163
Merit: 10
July 07, 2018, 08:31:09 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I think bitcoin will not replce the fiat money but the users can have their own choice whether they will chose fiat money or cryptocurrency, this is great because today the users have their own choice to pick than using only a fiat money before.
newbie
Activity: 196
Merit: 0
July 07, 2018, 08:27:36 AM
yes , i think bitcoin will be future of banking because much people use bitcoin for transaction.
full member
Activity: 421
Merit: 105
July 07, 2018, 08:17:29 AM
I think not. Banks follow a regulated flow and system, while bitcoin  being decentralised, it works as somewhat incompatible to what the banks can do. Even if it improves and improves, it cant really replace banks
newbie
Activity: 252
Merit: 0
July 07, 2018, 08:12:55 AM
I question bitcoin will be our future banks soon due of bitcoin is decentralized and there will be clashes if BTC would be supplanted banks, however I trust bitcoin will be one of the focal points of installment before long reason bitcoin is unknown individuals will pick bitcoin installment than banks installments that have numerous prerequisites previously sending cash abroad.
newbie
Activity: 131
Merit: 0
July 07, 2018, 08:00:46 AM
Oh no, definitely not. Bitcoin and banks are things that are not compatible. Moreover, bitcoin is the biggest threat to the bank, like any other decentralized crypto currency. And it is for this reason that in many countries they are trying in every possible way to block people's access to bitcoin.
newbie
Activity: 27
Merit: 0
July 07, 2018, 07:55:54 AM
I think that how Bitcoin has become popular, it can be understood that Bitcoin Banking can start. However, if you can build confidence in Bitcoin in Baramon, it will be very good. Because everyone will invest Bitcoin. The demand and popularity of this will increase. So, in future, Bitcoin's banking may be launched, maybe maybe.
I don't think so , the demands of Bitcoin don't come from the people who are using banks or bank services, it's all coming from the users that can't use the bank services so it's hard for Bitcoin to replace the bank in anyway.
newbie
Activity: 126
Merit: 0
July 07, 2018, 05:27:41 AM
I think that how Bitcoin has become popular, it can be understood that Bitcoin Banking can start. However, if you can build confidence in Bitcoin in Baramon, it will be very good. Because everyone will invest Bitcoin. The demand and popularity of this will increase. So, in future, Bitcoin's banking may be launched, maybe maybe.
copper member
Activity: 308
Merit: 0
July 07, 2018, 05:21:49 AM
I don't think it will happen with bitcoins since bitcoin blockchain get some time to do transactions so it's a problem when we deal with banking.
sr. member
Activity: 686
Merit: 250
July 07, 2018, 04:58:59 AM
Blockchain technology is the future of banks! Bitcoin is just one of the digital currency success! The development and application of blockchain to life need more time and effort!
sr. member
Activity: 427
Merit: 250
July 07, 2018, 04:35:38 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Why not, it is quite possible. But before that, BTC has to greatly improve its system. To replace transactions with money, it has to be much faster and less expensive. At this stage, I think we can not talk about it, but it is quite possible for the future.
newbie
Activity: 84
Merit: 0
July 07, 2018, 03:46:50 AM
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 ?
Blockchain is the future of the banking system, but not the bitcoin's blockchain. Banks will develop their own blockchain, and they will use it to cut their costs on transactions and to speed them up. Bitcoin (and other cryptos) has some time now to grow and develop before banks go live with their own upgraded system. They won't tell people that they have developed a new blockchain based system, but they will advertise that their new system is quicker and cheaper, and that's all what people need, they don't care about the back end. If that happens, that will be a hard time for cryptos

I do believe further banking on bitcoin assuming that holding is same as banking, by this means we have far of reach combined the two properties and ideas much better future awaits us emagine we have a good system in bitcoin and banking of good laws wow prosperous future.
newbie
Activity: 168
Merit: 0
July 07, 2018, 03:44:37 AM
At this stage many companies and merchants and schools are now accepting bitcoin. but at the matter of using bitcoin as a currency at a large scale is i think somehow difficult. at this time bitcoin can not be use like VISA but i'm very hopeful that in coming few years bitcoin will develop its technology more and transaction time and fee will also be reduced. then bitcoin it can use as a transaction method and will replace current banking system
member
Activity: 420
Merit: 10
July 07, 2018, 03:36:32 AM
In my opinion, that will be the future of banking instead of bitcoin but it is a blockchain. As we know that bitcoin can not survive without blockchain whereas blockchain is a self-sustaining technology that can withstand the absence of bitcoin. I am sure if this blockchain one day will be able to replace the position of technology that is now used in the banking world. If banks use blockchain technology then customer transactions through banking will become easier and faster. We do not have to mess around the distance cross country. All banking transactions can be quick and easy. If banks can acquire blockchain then I am sure if the banking world will grow and get a lot of customers.
full member
Activity: 392
Merit: 101
dApps Development Automation Platform
July 07, 2018, 03:08:32 AM
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.
member
Activity: 406
Merit: 19
July 07, 2018, 03:05:03 AM
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ? 

Bitcoin can never replace the fiat, as long as the government and the banks insist on refusing it, then as long as it's the fate of bitcoin will be similar to gold it only serves as an investment asset.

It wont replace fiat currency in the coming future, bank will adopt and use use the blockchain technology in their daily job soon when they see the benefits.. 


This's true even some has used it because blockchain technology's not bitcoin.
newbie
Activity: 1
Merit: 1
July 07, 2018, 03:00:54 AM
I think Bitcoin is possibly part of the future banking. Someday, every bank transaction involves Bitcoin cryptocurrency or conversion of existing currency to different types of cryptocurrency.
As of now, some part of the world use bitcoin for payment transaction.
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