Bitcoin is it the Future of Banking ? - page 8.

Bloodseekers

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Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Bitcoin is future of bank, as a place to store money?? I think yes bitcoin better than bank, if we store money in bank, every month bank will take a few dollars as a storage fee but i we store money in bitcoin(buy bitcoin) still same, but the exchange rate can be reduced or increased depending on the current price.

Can replace money in transactions?? Can't because because every country has its own currency, And bitcoin cant replace a country's currency

kit_finance

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Maybe in the near future Bitcoin will not replace money, but a means of payment for all goods and services, that's for sure.

Asawakobana2017

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Quote from: ngocdhbk2 on August 23, 2018, 01:08:39 PM

I believe Bitcoin will be our future bank soon due to Bitcoin being decentralized and trusted by everyone. Bitcoin will be one of the payment centers because Bitcoin will protect user information so Bitcoin will choose to pay more than the banks require before sending money abroad.

Well bitcoin is also considered as banking because of we are going to hold bitcoin we can also have a huge amount of profit in return. The difference is in bitcoin we need to have more patience on bitcoin because it's price is unstable so then we don't have any assurance to earn in bitcoin on time. Because bitcoin is in predictable and every time bitcoin will maybe change.

ClassyDancer

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Since bitcoin and other cryptos were designed to eliminate the need for a middle man or third party, the role of banks will be greatly minimized in the future. We get control of our money back and we get to perform transactions that are faster, cheaper and more efficient. Nothing bad about that, right?

ngocdhbk2

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I believe Bitcoin will be our future bank soon due to Bitcoin being decentralized and trusted by everyone. Bitcoin will be one of the payment centers because Bitcoin will protect user information so Bitcoin will choose to pay more than the banks require before sending money abroad.

tazmannia

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Quote from: Lucas* on October 25, 2017, 07:10:25 PM

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

In the banking system are a lot of rich and influential people around the world. They will not allow bitcoin to overthrow their system developed over the years. It is a myth. But the Fiat system of many countries, Yes, bitcoin can do it. As an option, many countries will create their own crypto currency

justhh

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Bitcoin reinvents the concept of money. It has opened the door for innovation in an alternative financial system.

Naelanikor

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I strongly believe it will replace the real financial system that are so close to the governments of different states. People will have an access to the global system where they can send money fast and cheaply all around the world

mithon2017

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I think, it possible. Bitcoin is good investment. it's very promising. Bitcoin will be can future of banking. Bitcoin have lot of advantages. Bitcoin is very popular and I think, in future it will be more popular. course it will take place the future of banking. bitcoin is become so much popular that it will be the future banking so soon.

airdnasxela

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No, bitcoin is not the future of banking. Bitcoin is not really meant to store money. It was formulated to be a currency but in the digital sense or meaning, a cryptocurrency. Bank is not a currency. It is an institution where it stores money and gives you some money depending on the period of time you store it. They use on other things so that they will also earn money. Bitcoin, yes maybe it was nowadays use as a storage of money, but bitcoin users do it because it has value for them really to earn money, not really for storing of their money. There is really a big difference between them

Nexigen

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Of course, they will use something similar to bitcoins, because cryptocurrency has more advantages than conventional money. But it will be controlled coin, with private blockchain technology.

P60

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Decentralized Digital Billboards

Quote from: Stark_Naked9 on August 22, 2018, 06:02:50 PM

Of course, bitcoin would be another kind of banking in the future. To be honest, It now is very unstable and volatile, it's what we are scared about in the future. We can't handle the impact of BTC in the economy now. However, we can't deny the advantages of it such as fast speed of transaction, security. It actually has the potential to be a bank in the near time. But also there are a lot of things to improve.

I agree with the term you used, there’s really a high probability that bitcoin would be another kind of banking in the future. If that happens, the price of bitcoin will be more stable.

Stark_Naked9

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Of course, bitcoin would be another kind of banking in the future. To be honest, It now is very unstable and volatile, it's what we are scared about in the future. We can't handle the impact of BTC in the economy now. However, we can't deny the advantages of it such as fast speed of transaction, security. It actually has the potential to be a bank in the near time. But also there are a lot of things to improve.

mensahkkofie

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Quote from: 4p0l4k4y on October 25, 2017, 09:29:33 PM

It would be possible since we are now in a digital age where everything can already be done online. Who knows couple of years more from now paper currency will no longer exist.

This is the future of banking, the world and its financial system will change with bitcoin. The introduction of bitcoin ATMs is a step in the right direction.

vert12020

newbie

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I think YES. For example - Goldman Sachs – The American powerhouse has always been at the forefront of innovations to improve the banking process and bitcoin is one such option.

mimiko

newbie

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it would be possible since we are now in a digital age where everything can already be done online. Who knows couple of years more from now paper currency will no longer exist. It can't be for Bicoin to replace fiat currency, because we know for ourselves using bitcoin we must have internet access and other devices that can support and also bitcoin prices are not stable

jak3

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Of course it can but let's move to the future and see what else it can do which is not possible in current world. In future we will have payments directly inserted into our biometrics data, so if we take something then or balance will automatically cuts and no one can make any fraud like that.

tiktak89

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It is not necessary to hold on to the past, to technologies which are imperfect and which purpose is - deception of simple clients and earnings on their trust. Decentralized and digital technologies are the future.

tyronecoinbit

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Quote from: gorokill on August 22, 2018, 03:37:34 PM

It can't be for Bicoin to replace fiat currency, because we know for ourselves using bitcoin we must have internet access and other devices that can support and also bitcoin prices are not stable, we also know that not all places can get internet access, and bitcoin also does not have a physical form, I think bitcoin is more suitable for long-term investment places.

Yeah, I don't think bitcoin can really replace fiat. Having an alt money to used such an online transaction Instead of fiat are really make better for the consumers.

Hiluxury Bitcoin

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Quote from: Farhan786 on August 22, 2018, 03:22:02 PM

If you hold in a bank your money will grow badly. But if you hold it in a bitcoin you will be happy to see it when bitcoin rise. there is a possibility that it will happen in the future but we are not sure when it will be. Bitcoin is just one of the digital currency success! in future, so it's hard for Bitcoin to replace the bank in anyway.

Yes this the main point in which i save my money in bitcoin in almost time than bank, because bitcoin is growing my money and in bank its interest rate is very low and no one can make their future good so holding money in bitcoin is very good.

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