Topic: Bitcoin is it the Future of Banking ? - page 56. (Read 5924 times)
The future is here with us , the globally there has been an advocate for cashless policy, but what has been talk about is partial cashless policy, with Bitcoin and other alt coin you have the real cashless policy, where everyone is safe to determine the coin he want to use, this might take a lots of years but sure we will get there someday. Main challenge will be the use of internet for transaction , this might delay the use in developing countries.
Yes, I think that online banking and paper money will become obsolete in the next 20 years. Bitcoin has a huge chance to replace them. It still needs some upgrades but it is quite fast and convenient if you don't use it for daily shopping. Banks are afraid of Bitcoin and cryptocurrencies because they won't be needed in the future. Their only purpose would be loans.
Most people still see bitcoin as a scam and others see it as something used for evil doings
Only idiots who can't think beyond their nonsensical logic think Bitcoin is a scam, or that it's just being used by criminals. Nowadays things have changed quite a bit for the average person due to the overall bullish way of reporting about crypto by the mainstream media sources. Bullish sentiment hasn't been higher in previous bull runs, and that's a hard fact. If various well known wall street banks and institutions are on the brink of entering this market, it even more proves that Bitcoin is NOT a scam or whatever else with a negative tint. It's not just Bitcoin that benefits from this, but basically the entire crypto market, which is something I can only be happy about.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
If this will have to be successful, it will have to go through the a very difficult time. Most people still see bitcoin as a scam and others see it as something used for evil doings, and mostly the government of some countries are not looking to accept it, so, there are still things it has to pass through.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Answering with the look of the growth in technology, I will say yes, cause there is a high growth in technology today which is gearing towards the future, but on a normal day living, I will say no, cause the people and countries now has not accepted it to be legal. I will say, let's hope for what the future has.
I strongly disagree bitcoin associated with the bank, or do transactions through the bank, because the bank has its own system, especially in determining the interest. I hope you are aware of what you think, we will feel crowded if bitcoin is connected with the bank .. !!
That's right, having bitcoin doesn't needs bank to stored our coins. But bank's it can be used as a medium of transaction from btc to fiat money, and this is I usually made of after receiving bitcoin. Not necessarily we need those banks all the time but still it have it's purpose and we all knew that not all of us are with cryptocurrencies user's. And the banks hated crypto also as they gained nothing from this, unless you change it to fiat money and deposited it on the bank.I strongly disagree bitcoin associated with the bank, or do transactions through the bank, because the bank has its own system, especially in determining the interest. I hope you are aware of what you think, we will feel crowded if bitcoin is connected with the bank .. !!
That's right, having bitcoin doesn't needs bank to stored our coins. But bank's it can be used as a medium of transaction from btc to fiat money, and this is I usually made of after receiving bitcoin. Not necessarily we need those banks all the time but still it have it's purpose and we all knew that not all of us are with cryptocurrencies user's. And the banks hated crypto also as they gained nothing from this, unless you change it to fiat money and deposited it on the bank.
I feel it may not be replaced in banks by money but bankers are gaining some transaction fee on transactions it might happen for sure which means all banks may accept transactions but it may not be replaced with the money.
May be it may have a part of stake its just my opinion where anything may happen in this digital world.
May be it may have a part of stake its just my opinion where anything may happen in this digital world.
The way bitcoin is moving right, it may also be the next future bank of the world.
Actually it is not possible for digital coin to take pales of real money. though BTC is a profitable currency but still it has many sackings too.
No, banks are the most reliable place for storing money and in general various operations related with money, people have been using banks for hundreds years. Bitcoin working only 9 years, there is certainly such it is possible to create bitcoin bank, which will accept bitcoin and other cryptocurrencies, but whether it is necessary for someone or not that is the question.
Bitcoin is unlikely to ever be used for banking. For this, there are individual altcoyins, such as ripple. Bitcoin can only be used by banks to exchange and other transactions in order to extract their profits from this. For banking, banks and their associations create new tokens, which will be more adapted to serve banks.
In my opinion not, bitcoin is different from banks in terms of function and ideology. Bitcoin and Bank are different purposes, if Banks provide services and utilize customers, whereas bitcoin is only used for investment, trading and bitcoin does not take advantage of users.
Bitcoin is a personal bank for you only. You yourself controls the funds and have the keys to either enter or close this bank and so it functions the same way as a bank but this time it deals with you on a person to person basis rather than a group of people saving in a single centralized bank.
Banking system depends upon various policies to support the customers in the best possible way and provide them different advantages for keeping money saved in the account while it is used for developmental programs within the country where as Bitcoin being saved in wallets have nothing to do with such dealings.
Is no news bitcoin has become a major topic in every part of the world but becoming the future of banking is another thing. Government always want something they can control and if they can't control bitcoin like they want, it will be difficult letting it replace banking ...anyway no one knows what the future holds. Let's just keep our fingers crossed
In my opinion, bitcoin will be the bank of the future, people will move using bitcoin because they see banks in general will do some cheating by using taxes
I dont think that banks will be still marketable if bitcoin will be mainstreamed in different country. Banks has lower profit even if you set your money into time deposit and holding bitcoins will allow you to earn more profit.
It's still very difficult to answer 'yes' if bitcoin will replace the transaction and replace bank. Because I know that bitcoin is only digital currency and the amount of bitcoins is limited. So not just anyone who will have bitcoin
In my opinion not, bitcoin is different from banks in terms of function and ideology. Bitcoin and Bank are different purposes, if Banks provide services and utilize customers, whereas bitcoin is only used for investment, trading and bitcoin does not take advantage of users.
Bitcoin is a personal bank for you only. You yourself controls the funds and have the keys to either enter or close this bank and so it functions the same way as a bank but this time it deals with you on a person to person basis rather than a group of people saving in a single centralized bank.
In my opinion not, bitcoin is different from banks in terms of function and ideology. Bitcoin and Bank are different purposes, if Banks provide services and utilize customers, whereas bitcoin is only used for investment, trading and bitcoin does not take advantage of users.
Bitcoins will not replace money in bank transactions. Banks around the world will create their own coin and will grow them. I think bitcoin will be the same with gold and dola will be a major payment method worldwide or they can replace paypal or visa cards for online payments.
In my opinion, bitcoin will be the bank of the future, people will move using bitcoin because they see banks in general will do some cheating by using taxes
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