Topic: Bitcoin is it the Future of Banking ? - page 5. (Read 5914 times)
I don't think that is possible..... Government won't allow bitcoin to replace fiat money.... It would be very risky bitcoin will be can be used for banking transactions but it can't replace bank.. I really thought that.
I am not sure if it will be Bitcoins that will be used by banks, even now there's Ripple where a considerable number of banks are using it for some of their banking services. Furthermore there are projects that are raising funds to start their own cryptocurrency banks around the world. However the legalities and how government regulations will affect these ventures is another thing.
I do not agree with the issue. Because Bitcoin may be monitor by Bank baut it is not the future of Bank
I think bitcoin is limited to a tool that can be exchanged with fiat, and banking is the place to convert bitcoin, and only certain banks can make the exchange. To date many banks have not received bitcoin as an exchange tool. Bitcoin still has to fight to be accepted by all the banks in the world.
I do not think that bitcoin is the future of banking. Bitcoin is rather one of the tools for storing and moving capital. Hardly bitcoin can replace the fiat currency.
it can happen, and it's not impossible that bitcoin is a substitute for everything in banking now.
whether it's in the form of management to the nature of bitcoin that will affect the future banking.
whether it's in the form of management to the nature of bitcoin that will affect the future banking.
it sounds good. Bank will trade money by bitcoin or buy it with their asset and hold until it has higher price :p
lol. Sorry because my bad english
lol. Sorry because my bad english
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Bitcoin will not be able to replace money, but it could become a supplemental currency for making transactions.At the same time, I don't think traditional banks will want to deal with crypto because it is almost not possible to control it.
A principally new banking system would be required adjusted for the specific features of bitcoin.
I don't think that the banks and the bitcoin will come on the single table for the discussion or for union because they are the east and west opposite in direction of trading and have different mindset and income resource.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
The rise of bitcoin atm clearly demonstrates the advancement of digital payments. As a result a transition to real world financial models is being seen as bitcoin and other cryptocurrencies become more common. More interestingly however cryptocurrency ATM also offer an innovative solution to solve one of the worlds biggest problem banking barriers.
Here the majority of the clients propose the exchange expense as a noteworthy issue, yet when the huge volume exchanges were contemplated the exchange charge is by all accounts low. Clients who make enormous exchanges incline toward bitcoin over the banks. As a section a few banks the world over has begun to utilize bitcoin for exchange purposes.
I think that yes, btc is the future of banking and it will be able to win the market soon. To my mind, btc is the future of banking really and the second one is ether, To my mind, the future will come soon
It might happen and even most fiat currencies does't get replace by crypto there will be a huge problem for significant fiat currencies we see today because even Bitcoin and other cryptocurrencies price dropped due to many negative effects it had to face from the world the world understanding towards cryptocurrencies is changing so we can see many industries and businesses are trying to connect cryptocurrencies with there core business processes and that can give a good place in the near future to increase it's price and expand more in the globe so even the United States Dollar wont collapse there will be a huge negative effect or a fall than today status due to cryptocurrencies and it will effect badly to there economy and the rest of the world
Yes it is possible that Bitcoin will play a major role in the world financial sector and also an important part in the banking sector but it doesn't mean that Bitcoin will be able to replace fiat money because that is something impossible to happen not for long because if we consider major currencies like USD they are well established once among many currencies in the world which is the reason they are globally recognized so those currencies and other local currencies in the world getting replaced by Bitcoin is unimaginable
Yes the new digitized economy will have no need for what we now refer to as banks. I'm sure another type of industry will spring up in it's place. I think the entire ballgame is about to change. It's hard to see from here but its moving at a rapid pace.
Not right now, we can say that . Transaction through Bitcoin is easier online than any orher method but the transaction fees is way too high. Also, banks are not yet showing any signs of acceptance towards Bitcoin in many countries.
I think that will still work. Robbers and Thieves can still penetrate in our houses and force us to transfer our bitcoin and altcoins to them so it would be another layer of security for us when we put a portion of our bitcoins in banks.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
It's very hard that bitcoin will ever replace all fiat money for transaction, probably in the next years we're gonna have both things.
If Bitcoin replaces money and becomes the fiat currency:
1. the manufacturing cost is too high;
2. the price fluctuation is sharp (If your salary is one bitcoin a month, a bitcoin can meet your basic needs at the beginning of the month, maybe it can only buy two pounds of cabbage at the end of the month).
3. the money we now use is endorsed by the whole country, while how about Bitcoin?
So, I don't think Bitcoin will be the fiat currency and the future of banking!
1. the manufacturing cost is too high;
2. the price fluctuation is sharp (If your salary is one bitcoin a month, a bitcoin can meet your basic needs at the beginning of the month, maybe it can only buy two pounds of cabbage at the end of the month).
3. the money we now use is endorsed by the whole country, while how about Bitcoin?
So, I don't think Bitcoin will be the fiat currency and the future of banking!
IMO Bitcoin is not going to completely replace banking but rather be an option for people to use in the future. eg, at checkouts you will have the option to use bitcoin along with cash, credit card, debit card etc.
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