Topic: German online bank uses Bitcoins to transfer loans (Read 567 times)
This should be looking as another step toward advance in cryptocurrencies market development. This bank will adopt bitcoin as a mode of transfer credits in the nearby future and we need this type of adoption in other to see growth in cryptocurrencies acceptability.
that is a great improvement and a future for bitcoin, I think this bank will get a lot of profits in its business, because the transaction will be more efficient
Germany has shown a lot of improvement after recognizing the Bitcoin and other crypto coins they took immediate actions and made it as payment mode which is faster and friction-less. About other countries they were not very responsive to the Bitcoin and some other crypto coins after accepting these coins as much Germany responding so this is a great improvement and other countries should also think about it.
Germany is a very pragmatic country. Before doing something, it will think 100 times) Therefore, I am sure that the decision was taken deliberately. And this is very pleasing. I hope Germany will become an example for other countries.
Of course the team of wise men that advise the government to formulate laws and policies would have thought about the possible impact of Bitcoin over the economic activities and only in case of revenue generation, it would have been allowed to be implemented. Like many of the European countries had already allowed it. But this technology, though beneficial in short run is ambiguous in long run and that is the reason China has declared a cold war about it. In the US some of the economists are also negating the fruits of Bitcoin in future so it would be very interesting to see that the future technology of Bitcoin unfolds.
This is great! I am sure that in the future, all banks will do online in transferring funds or loans.This is one of the benefits,bitcoin can give.It is efficient and less hassle.
This is what we expect, more and more state agencies are functioning Bitcoin as a transaction or buying and selling tool. And with news like this it will certainly make people who are skeptical about Bitcoin will be more convinced of Bitcoin. And I hope the development of Bitcoin will get even worse. More countries are using Bitcoin.
This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!
It has a point really. With the help of banks, probably the popularity of bitcoin of other coins or maybe the cryptocurrency itself will boost. This is a good indication, a good example and a good thing to start with. But the thing here is, the essence of bitcoin being the digital currency without interactions from private administrations will be gone. But who knows, the positiveness will help to boost.
This is one reason why I have always believed this is the future and as long as that stays, the government simply cannot do anything much about it as this is global, and then we get to see some countries who are early adopters gradually benefiting a lot from it, all others will definitely in one way or the other, follow put.
This is the first step for the bank to use Bitcoin in the system. Gradually, Bitcoin will take on more important roles.
Glad to here there's some banks who accept bitcoin and believe in it. Now days bank are totally refused the bitcoin and cryptocurrency due to highly volatile.In that process, as time goes on, even banks will find a need to want to make use of it and then see the benefit they can derive from it as well, like we are currently seeing German online banks doing same. High volatility is something that will not last forever, as we have seen reduction in volatility to some extent over the years and as adoption keeps increasing, volatility will definitely be subsiding.
This is good news for Bitcoin. But I don't think it is only Germany. Other governments are doing this, but they are not open, such as Iran, Russia.
This is the first step for the bank to use Bitcoin in the system. Gradually, Bitcoin will take on more important roles.
It might possible German government are supporting bitcoin and want to see him on moon. I hope it can bring more investment in bitcoin and crypto currency and the price of bitcoin start raising again. Blockchain is very widely stepped in its development ! He is not a technology in one state or the enterprise he is truly world technology !
We should spread this news to our bitcoins lover and haters too. More you try to down bitcoin more it rise.The thing is we will gradually start seeing developments like this as we move on and government as well as banks will start seeing how they can tap into the space and be able to find cases in which they can make use of it effectively and improve the way things have been done in the past and German for now have seen the importance and benefits it brings in lending.
Well i am hoping this to take effect in my region as banks here are harder to get loans,but when bitcoin takes place and cryptocurrency become considerable.then maybe i would make some legitimate loans and have good transactions from bankings
Thinking how german governments trest bitcoin and all thr alternative coin?because in ours still banks and crypto i in war for the clients
Thinking how german governments trest bitcoin and all thr alternative coin?because in ours still banks and crypto i in war for the clients
This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!
It has a point really. With the help of banks, probably the popularity of bitcoin of other coins or maybe the cryptocurrency itself will boost. This is a good indication, a good example and a good thing to start with. But the thing here is, the essence of bitcoin being the digital currency without interactions from private administrations will be gone. But who knows, the positiveness will help to boost.
This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!
It has a point really. With the help of banks, probably the popularity of bitcoin of other coins or maybe the cryptocurrency itself will boost. This is a good indication, a good example and a good thing to start with. But the thing here is, the essence of bitcoin being the digital currency without interactions from private administrations will be gone. But who knows, the positiveness will help to boost.
This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!
It has a point really. With the help of banks, probably the popularity of bitcoin of other coins or maybe the cryptocurrency itself will boost. This is a good indication, a good example and a good thing to start with. But the thing here is, the essence of bitcoin being the digital currency without interactions from private administrations will be gone. But who knows, the positiveness will help to boost.
Blockchain is very widely stepped in its development ! He is not a technology in one state or the enterprise he is truly world technology !
We should spread this news to our bitcoins lover and haters too. More you try to down bitcoin more it rise. This is the first step for the bank to use Bitcoin in the system. Gradually, Bitcoin will take on more important roles.
Glad to here there's some banks who accept bitcoin and believe in it. Now days bank are totally refused the bitcoin and cryptocurrency due to highly volatile. 
really good when Germany bank have using bitcoin for giving loan to costumers, maybe could accepted by other companies using bitcoin as payment. more easy and fast transaction take time if using bitcoin as payment,
Yeah that is a good step from the development of bitcoin, I also hope that many banks in various countries follow the same thing or even better by accepting deposits and withdrawing using bitcoin, of course that will be a very good development for bitcoin itself and of course it can be profitable for both parties..
Germany has been open to crypto and this has made the fundamental basis for trading a few days ago so that the ripple price (XRP) rose to 60% and was able to briefly cap the ETH position which is ranked 2 on coinmarketcap
If bitcoin is not against the German regulations then such news should be expected.
The problem is that bitcoin can't survive with banks and since we can't change how bitcoin works, banks should change their rules to fit bitcoin and blockchain rules.
The problem is that bitcoin can't survive with banks and since we can't change how bitcoin works, banks should change their rules to fit bitcoin and blockchain rules.
Well it's awesome news because you can get a loan in everywhere because of that. It's a great way so people get their loan without any problem you dont need to go to their place to make a loan. So it's a great news.
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