Topic: Crypto bank - page 3. (Read 3812 times)
every human being now a days is forced directly or indirectly to make a bank account no katter which bank they choose but all the banks are interconnected. and secondly no , nobody can make banks go away atleast not that easily they are ruling from a lot of years so they need much more effor
@pawel7777 Many thanks for the link, I'll have a closer look to that e-nationality that might be the answer indeed ;-)
As for the kind of business we are doing it's quite simple actually but I prefer to talk about that via MP so I'll message you about that :p
As for the kind of business we are doing it's quite simple actually but I prefer to talk about that via MP so I'll message you about that :p
The entire idea about bitcoin is decentralization. Banks will never decentralize ever. Bitcoin is expanding and expanding. They tell you how much money of your own you can take out. Thats stupid as fuck.
Again I can't agree more... but in times of transition such as now we have to make some compromise... I do agree with you but we do need to be in the system to create a business this is MANDATORY by law in most european country so that's why I'm looking around for the best possible solution 
Crytpo and bank should not be in the same sentnce.
Many banks are looking to create their own cybercoins. Even US fed is thinking about "FedCoin" which will eventually remove the cash usage, and better tracking money flows. So some crypto banks will come soon.
Actually one answer may offer the response to many questions... which bank(s) are the big exchanges using? I mean, what is(are) the bank(s) behing Kraken, Bitfinex, Bitstamp, Poloniex, etc.? Any thoughts?
Most of them probably have business accounts with large banks in their own country, or they have some sort of internalized banking system. Considering they're big exchanges for the most part one would expect they have a decent understanding of banking security.I wouldn't be surprised to see big Chinese bank names as some providers, probably Chase or JP Morgan for some American exchanges, etc.
I am almost sure that this time you will not find this kind of bank in Europe as far as I am able to know. Most of the European countries like the distributed ledger technology but they want it private and centralized. In addition they want their digital coin and neither bitcoin or any other crypto coin. Maybe the most friendly is Estonia because is the most internet friendly in European continent. Take a look here http://www.cuber.ee/en_US/news/ and here (reveals the way governments and banks thinking) https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf
Many thanks for the links, I'll have a closer look... For what it's worth I tried to call some Estonian bank a couple months ago and as I'm not Estonian it wasn't possible at the time... but maybe things have changed, I'll catch up, do my homework and see where it leads ;-)I don't think setting up a bank account in Estonia will be much different than in any other European country, but if you're keen to try, you don't necessarily have to be Estonian. They do have an ongoing programme called e-residency:
Quote
E-residency of Estonia (also called virtual residency or e-Residency) is a program launched by Estonia on 1 December, 2014. The program allows non-Estonians access to Estonian services such as company formation, banking, payment processing, and taxation
https://en.wikipedia.org/wiki/E-residency_of_Estoniahttps://e-estonia.com/e-residents/about/
ps Care to share what kind of bitcoin start-up you're hoping to create?
Actually one answer may offer the response to many questions... which bank(s) are the big exchanges using? I mean, what is(are) the bank(s) behing Kraken, Bitfinex, Bitstamp, Poloniex, etc.? Any thoughts?
I am almost sure that this time you will not find this kind of bank in Europe as far as I am able to know. Most of the European countries like the distributed ledger technology but they want it private and centralized. In addition they want their digital coin and neither bitcoin or any other crypto coin. Maybe the most friendly is Estonia because is the most internet friendly in European continent. Take a look here http://www.cuber.ee/en_US/news/ and here (reveals the way governments and banks thinking) https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf
Many thanks for the links, I'll have a closer look... For what it's worth I tried to call some Estonian bank a couple months ago and as I'm not Estonian it wasn't possible at the time... but maybe things have changed, I'll catch up, do my homework and see where it leads ;-) Quote
Is there such a thing as a 'Bitcoin based' bank? To put it differently, is it possible to get rid of banks totally? The idea would be to have a blockchain based system capable of dealing with SEPA (direct bank debit) or things like that, just like Paypal but based on cryptos?
I don't have one that will have control on what to do with our funds,paypal is horrible for no reason at all they restrict your account,if a bitcoin is set up,they will have a control of our bitcoin and you need a lot of verification to use their service.
As far as I know, there is no such thing called bitcoin-friendly bank as well as bitcoin-based bank. Because bitcoin is designed to create freedom in money for people by eliminating third parties with the help of blockchain technology and it's doing just fine, why would we need someone to go against that? Besides, banks don't prefer the idea of bitcoin as it can make fiat money to lose balance, so it's no point in getting a bitcoin bank.
Theres no really point on talking into these stuff because it wont really happen and there would be no bank or crpyto banks because they wouldnt like to engage to bitcoin since its uncontrollable and the value does inflates and deflates which means banks cant guarantee to make money and people would rather use their own bitcoin wallets than putting into banks. 
As far as I know, there is no such thing called bitcoin-friendly bank as well as bitcoin-based bank. Because bitcoin is designed to create freedom in money for people by eliminating third parties with the help of blockchain technology and it's doing just fine, why would we need someone to go against that? Besides, banks don't prefer the idea of bitcoin as it can make fiat money to lose balance, so it's no point in getting a bitcoin bank.
how about coinbase?
it can be seen as a bitcoin bank. and although i dislike the idea generally but coinbase or other services similar to that offer all the features that makes them a bank.
for example you make deposits there, they hold all the funds and you only have an account as you have with a bank. and they offer ways to deposit money and turn it into bitcoin and vice versa.
the only thing missing is issuing debit cards, and giving annual profit.
it can be seen as a bitcoin bank. and although i dislike the idea generally but coinbase or other services similar to that offer all the features that makes them a bank.
for example you make deposits there, they hold all the funds and you only have an account as you have with a bank. and they offer ways to deposit money and turn it into bitcoin and vice versa.
the only thing missing is issuing debit cards, and giving annual profit.
I am almost sure that this time you will not find this kind of bank in Europe as far as I am able to know. Most of the European countries like the distributed ledger technology but they want it private and centralized. In addition they want their digital coin and neither bitcoin or any other crypto coin. Maybe the most friendly is Estonia because is the most internet friendly in European continent. Take a look here http://www.cuber.ee/en_US/news/ and here (reveals the way governments and banks thinking) https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf
Why do we need a bank,if a company set up a bitcoin bank,users will be subjected to a lot of verification,which is not the in accordance to the theory of Bitcoin,by running a bitcoin wallet in our computer we or our computer become a bank itself I do not agree that we should have a crypto bank..
Theoretically I can't agree more BUT we cannot move from a 100% fiat currency controlled world to a 100% BTC based system in a day... IMHO we are at best in a transition time and many compromises need to be done if we want to be able to do 'normal' things connected with the centralised system... like paying our taxes or insurances, etc. That's why we might require some sort of 'BTC based banking system'... But that doesn't exists apparently so banks still have good days ahead 
Why do we need a bank,if a company set up a bitcoin bank,users will be subjected to a lot of verification,which is not the in accordance to the theory of Bitcoin,by running a bitcoin wallet in our computer we or our computer become a bank itself I do not agree that we should have a crypto bank..
Actually what I meant by "bitcoin bank" is more like a system that will allow us to:
A shame no one has tweaked the SEPA (or SWIFT) system in order to be able to say 'go to hell' to the banking system :p
- 1/ Store value using BTC (and therefore not storing any fiat currency)
- 2/ Accepting direct debit (to pay things like taxes) (in Euro that would be via SEPA) => Any supplier (like the gov) how would ask via a SEPA order for let's say 100€ would be converted directly into BTC and debited from your wallet to actually perform that debit on your account (conversion done by any exchange API like Bitstamp or Kraken for example).
- 3/ Opposingly Receiving bank wires (like the SEPA network in the Euro zone or SWIFT elsewhere) => This might be achieved by converting any incoming fiat wire to BTC (using any exchange API for example)
- 4/ Paying with a debit card like we can already do with services like Xapo, etc.
A shame no one has tweaked the SEPA (or SWIFT) system in order to be able to say 'go to hell' to the banking system :p
Here is a good list for determining the friendliness of it grouped per country . I just don't know if its updated or not so do your homework and just double check it: https://bitcointalksearch.org/topic/list-of-bitcoin-hostile-and-friendly-banks-264679
If you will search some articles on the internet, There are a bunch of stuffs like banks says bitcoin is a opportunity ,Banks creating bitcoin banks, stuffs like that but you can say that those are merely rumors as there is no official statement of it .
And I am skeptical about bitcoin banks since I don't really understand why bitcoin needs it .
If you will search some articles on the internet, There are a bunch of stuffs like banks says bitcoin is a opportunity ,Banks creating bitcoin banks, stuffs like that but you can say that those are merely rumors as there is no official statement of it .
And I am skeptical about bitcoin banks since I don't really understand why bitcoin needs it .
Good to know such listed banks bitcoin friendly, that lists mostly come from bitcoin friendly country.
I have same skeptical, bitcoin is created as everyone have their own bank. Actually bitcoin don't need such bank, SN made bitcoin for leave a traditional exchange to p2p trade without 3rd party.
Bitcoin bank just an easy way for a centralized exchange to build their business.
To be quick : pretty all the banks are not friendly toward Bitcoin and no there's not any "Bitcoin-based" bank for many reasons. This is one of the most discussed subjects here I think, that ideao of Bitcoin banks. I don't see any purpose for that since Bitcoin is in itself a payment processor so that you can pay money to individuals over the Internet without requiring to the services of other people ?
You can surely remove banks out of the game and play it with blockchain alone, as there are many startups and even banks probably who are coming ahead, joining hands in using the blockchain technology to lower the burden and get everything done automatically and systematically.
But you should know one thing that banks are not a fan of bitcoins like you, so they won't let you work with it, so better choose one.
But you should know one thing that banks are not a fan of bitcoins like you, so they won't let you work with it, so better choose one.
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