Does any bank accept Bitcoin? - page 41.

BlackRacerX

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Quote from: the_poet on December 13, 2015, 04:21:07 PM

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

As far as I know, banks do not accept any form of cryptocurrency or even the most famous bitcoins to their banks because of how much volatile the prices are. I think this is a smart move for banks because it allows them to focus more on investing money, which is more stable than bitcoins.

rfj

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Here in the Philippines, the government legalized the acceptance of bitcoin in some establishments like bank. And there are many bank companies who are partnered in coinsph.

shinchan123

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Quote from: the_poet on December 13, 2015, 04:21:07 PM

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

In my country, there aren't any banks that accept bitcoin yet. I am quite confident that this goes for all over the world as well. It would take some time for the world and the bank to adapt to this innovation since they believe that it's system is not that safe yet. There will be a lot of risks in this. Still, sooner or later they need to learn to accept that fact.

LUXMICOIN

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i dont think that and i cant hear such bank which accept bitcoin .till now its a dream.but near furure it will happen for sure

wew13

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No banks accept bitcoin directly. But, they do accept bitcoin if you will exchange the bitcoin to your currency.

godrey123

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here in our country most of the banks are partnered with the bitcoin wallet provider which is coins.ph. I also used banks to encash the bitcoin that I earn from tradings, bounties and etc. By the way I'm from the philippines.

posi

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Quote from: suzanne5223 on December 04, 2017, 03:44:10 AM

Quote from: Bitmora on November 29, 2017, 05:54:00 PM

Banks are federally regulated. The feds are very slow at making progress with new innovation. I have not yet come across any bank that accepts Bitcoin, however a few will let you bank with them even if your business revolves around the crypto world.

Quote from: Bitcoincole on December 01, 2017, 10:06:05 PM

Quote from: ?? on ??

Previously just about all ICO were rip-off, where individuals purchase the coins just to wait the pump motor and left the gold coin, a lot of those shitty coins were placed into yobit, i'd participated right into a few and able to sucess, but the coin hasnt an aenda a radmap, apart from an idea, li,e trumpcoin or similiars. Eth using the smart contracts experienced made possible the investment, and almost all ICO includes a map and intends to use the funds to build up their task, a great deal coins has truly something to bring to all of us, while some will fail prior to even try. It does scares us a bit see a new symbol obtaining huge funds insioe,gt well nobody would toss their cash aside when the gold coin hasnt potencial nor a good team under it.udk b

After 9 years of services of bitcoin in online works there is no one banks have ever accept bitcoin. This is because of the government not allowing digital currency as a valid payments in any government bills. Including with the bank they depend the rules gathered from the government institutions to follow the legal system by the country.

You got be kidding mate. There are almost 400 banks that accept/embrace bitcoin but the thing is that most of the banks work simultaneously with crypto currency exchange in other to stay intact with crypto currency price change.

That's correct. Countries like the Germany, Canada, South Africa, Austria, Switzerland, United Kingdom, Netherlands, Belgium, France, Italy, Spain and Poland have banks that support bitcoin. However, the US banks will also join the queue this December.

virtfund

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Smart banks and financial institutions should find ways to plug into the new crypto-economy and stay relevant instead of spreading propaganda about bitcoin and cryptocurrecies because what history has shown in terms of market behavior is that the more the detraction, the higher the value recorded.

suzanne5223

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Quote from: Bitmora on November 29, 2017, 05:54:00 PM

Banks are federally regulated. The feds are very slow at making progress with new innovation. I have not yet come across any bank that accepts Bitcoin, however a few will let you bank with them even if your business revolves around the crypto world.

Quote from: Bitcoincole on December 01, 2017, 10:06:05 PM

Quote from: ?? on ??

Previously just about all ICO were rip-off, where individuals purchase the coins just to wait the pump motor and left the gold coin, a lot of those shitty coins were placed into yobit, i'd participated right into a few and able to sucess, but the coin hasnt an aenda a radmap, apart from an idea, li,e trumpcoin or similiars. Eth using the smart contracts experienced made possible the investment, and almost all ICO includes a map and intends to use the funds to build up their task, a great deal coins has truly something to bring to all of us, while some will fail prior to even try. It does scares us a bit see a new symbol obtaining huge funds insioe,gt well nobody would toss their cash aside when the gold coin hasnt potencial nor a good team under it.udk b

After 9 years of services of bitcoin in online works there is no one banks have ever accept bitcoin. This is because of the government not allowing digital currency as a valid payments in any government bills. Including with the bank they depend the rules gathered from the government institutions to follow the legal system by the country.

You got be kidding mate. There are almost 400 banks that accept/embrace bitcoin but the thing is that most of the banks work simultaneously with crypto currency exchange in other to stay intact with crypto currency price change.

pinkliar

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Quote from: tyronecoinbit on December 04, 2017, 03:10:14 AM

Quote from: btccointalk on December 04, 2017, 02:54:04 AM

I don't think any bank accept bitcoin in my Country.

If you're belong in the Philippines definitely yes,there's no still updated news about accepting bitcoin in any bank of the Philippines. Because right now it's mostly people still uses the old system and yet many are using digital systems. There is a possibility if in the future the majority of people are already accustomed to using a digital system, the bank will totally accept bitcoin.

in the philippines i can say or i may not able to say that we have some freedom i can say that everything that can transact here are in the good flow actually i dont think so that they can accept it but there is some news that they can accept and the government are not against i will share that if i may see again.

Albertvadim

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I dont think so, at least i dont know any of such banks EXIST

tyronecoinbit

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Quote from: btccointalk on December 04, 2017, 02:54:04 AM

I don't think any bank accept bitcoin in my Country.

If you're belong in the Philippines definitely yes,there's no still updated news about accepting bitcoin in any bank of the Philippines. Because right now it's mostly people still uses the old system and yet many are using digital systems. There is a possibility if in the future the majority of people are already accustomed to using a digital system, the bank will totally accept bitcoin.

uniquefighter

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Quote from: btccointalk on December 04, 2017, 02:54:04 AM

I don't think any bank accept bitcoin in my Country.

I don't think that Bitcoin will be accepting in any banks since its an cryptocurrency but they can create a bitcoin company just like blockchain.. And it would just be like a telecom company... But as for banks and bitcoin .. Well the only connection of it now is that you can withdraw through banks..

taiwww

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Technically it is not possible for banks to accept bitcoins when bitcoin is declared illegal by the central bank. In my country all fiat currencies are printed and circulated by the central bank. Central bank itself warning citizens not to trade or invest in bitcoins. So no acceptance of bitcoins by banks. In 2014 Under a pilot scheme, people will only be allowed to use the crypto currency to make donations. The Wall Street Journal reports that Barclays is teaming up with bitcoin startup Safello to build a program that allows charities to accept bitcoin. Other than this there is no news of banks accepting bitcoins.

btccointalk

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I don't think any bank accept bitcoin in my Country.

Erlinda Santiago

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Quote from: the_poet on December 13, 2015, 04:21:07 PM

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

no theres no bank accepting bitcoin i dont why but i wish theres one bank in the future that can accpet bitcoin

iyah09

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for me i dont know but if bank accept bitcoin that would very helpful and easy acces

imoet

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homt.net

In this case..especially in my country,indonesia,there is no bank accept bitcoin yet...I think it is because bitcoin still illegal currency and the goverment still to research about it more...but the news that I ever heard there are some banks in other countries that already accept bitcoin..😊

uniquefighter

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Quote from: bit247 on December 04, 2017, 01:08:58 AM

still not but I am hopeful, soon there will be some.

At my place , there no bank that accept bitcoin.
As my bank deputy ever said that bitcoin is illegal currency but it still not have a law so it means that people can use it with own risk. If something happen, goverment will not take any recovery action

dragonbhai

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Quote from: CryptoEskimo on December 03, 2017, 02:03:23 PM

banks are still against bitcoin

The banking system is one of the largest investments that the government has and it's opponent is the bitcoin system. If the banks start accepting bitcoin, then that means the government has accepted their defeat. That means they surrender their centralized money and choose to have a decentralized one. I doubt this would happen because the government wouldn't be able to collect tax if all of us would do online transactions. But I guess there's a way for them to do so, I just don't know what it is.

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