Topic: Bitcoin is it the Future of Banking ? - page 52. (Read 5914 times)
The creators of BTC provided open source code for their creation, which allowed other programmers to create other top crypto-currencies on this basis and develop them. One of the names bitcoin, "electronic gold", appeared in considerable due to the high cost of one coin and the complexity of new mining. I think soon it will become the future of banking as well
institutions are slowly entering the world of blockchains. The banks in my opinion are slowly buying large amounts of bitcoins so you can also earn them from a new payment system.
Ethlend, for example, is a system of loans linked to cryptocurrencies. This is a very large system of cryptocurrencies with huge amounts of money
Ethlend, for example, is a system of loans linked to cryptocurrencies. This is a very large system of cryptocurrencies with huge amounts of money
Time will say, You can predict about the Bitcoin system based on the recent scenario. Day by day Bitcoin is getting popular and accepted currency in the whole around the world. It will not be a surprising issue if you will see the blockchain dominate in the monetary world. Technology has made a great impact in our daily life so with the help of technology Blockchain will replace the conventional banking system. Then there will be only one bank and that is the Internet.
Cryptocurrencies are unique innovation having potential to revolutionize the current economic structure and change the system of intermediaries and financial institutions.Bitcoin is most popular and leader of cryptoworld which enable to make digital transactions between two parties without any intermediary it is too fast and safe way as well.All the transactions are recorded digitally and keep security on top level,information of parties also not revealed but money can be traced once it converted into cash.
This way of transaction become more popular and people attract from it in near future it is possible to become common and traditional bank start a section where transactions done by Bitcoin.
This way of transaction become more popular and people attract from it in near future it is possible to become common and traditional bank start a section where transactions done by Bitcoin.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Here in my country there is a head bank who's creating the rule for all of the banks in different area's of our country, they implemented last year that cryptocurrency can be used as a payment method on different stores and even banks will accept it but since last december, the value of bitcoins increase and maybe they lose some of their investments then they are hindering other people to invest on bitcoins in order to regain their profit.
No, I think it will not replace the fiat, the government will not approve it because of the lack of control they can get with Bitcoin. but I can also be wrong, anything can happen in this weird little world *
If you mean blockchain and cryptos when said bitcoin - than answer is 'yes'. But main task for bitcoin - shows us that new era is here. And banks can die in the future (why not?) because of blockchain technologies.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Not all people believe in bitcoin, they will choose banks to store their money. Other thinks bitcoin was scam and not legit. It is free will to judge somebody or anything so we can't do anything about. I don't agree with the idea asked in the topic. Bitcoin is not the competitor of the banks, bitcoin is the competitor of all the investment methods in the world. That's it and we should agree with it soon, without losing more time.
This is certainly because bitcoin is showing a lot of advantages that banks can not meet the customer but with bitcoin, these things are resolved quickly and safely.
This can be true if the government will accept bitcoin or digital currencies as a secondary currency. So this is the beginning of bitcoin as a future banking. This will replace the present of fiat so will experiencing a fast transaction with a less transaction fees.
This is certainly because bitcoin is showing a lot of advantages that banks can not meet the customer but with bitcoin, these things are resolved quickly and safely.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
yes maybe in the future bitcoin system can be used by banking. through blockchain is not impossible. I think in the future there will be many who adopt an oprasi system like bitcoin. or maybe it will be more than that, let's wait for that moment.
Bitcoin will not take over banking but will definitely make banking easier and work hand in hand with banking processes. I doubt it would get rid of banking all together.
Think little goals and expect little achievements. Think big goals and win big success. Don't fall behind. I am very confident in what bitcoin is showing up to today.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
anything can happen if a society starts to no longer trust the conventional currency, then people will switch to the currency that was then widely used and easy in transactions whose value was very high, maybe it could happen next 30 years
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I do not think there is any country that wants the currency of its country to be replaced by another currency, judging by its physical only different bitcoin is a digital or virtual currency whose value can not be affected by a state government
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Of course Bitcoin has its own banks yet. But it would be more told more precisely that future Bank system will use blockchain technology. Maybe it wouldn’t be a banks eventually. No commissions, no institutions…
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Not all people believe in bitcoin, they will choose banks to store their money. Other thinks bitcoin was scam and not legit. It is free will to judge somebody or anything so we can't do anything about. I don't agree with the idea asked in the topic. Bitcoin is not the competitor of the banks, bitcoin is the competitor of all the investment methods in the world. That's it and we should agree with it soon, without losing more time.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Not all people believe in bitcoin, they will choose banks to store their money. Other thinks bitcoin was scam and not legit. It is free will to judge somebody or anything so we can't do anything about. 
Now a days in some countries bitcoin used as payment system, so it work as exchange for goods, like a money. But it will not take a position of money in banking. As it has no physical appearance so difficulties in banking transactions. Also it is open to all and doesn't have control of any authority, difficult to come under regulations of banking.
Specifically, bitcoin - will not be a substitute for ordinary money in the banking sector. But at the same time, any other, alternative currency can do it.
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