German online bank uses Bitcoins to transfer loans - page 3.

el kaka22

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They must have started recently, back in December it was so expensive and took so long that I think they would have rather used whatever the old method was

. I believe we need to improve bitcoin insanely, the blockchain of bitcoin is slow and can't take the load and fame bitcoin is getting.

Right now at this day it looks fine but when those December people finally come back and the transaction count increases by tenfold like it did during December the blockchain couldn't handle all of that and got jammed which caused all kinds of problems for everyone. I think we should improve the blockchain at once before the word about normal day usage of bitcoin gets out so we can actually support that claim.

sheenshane

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Quote from: Bitfling on September 15, 2018, 11:47:13 PM

German already approve bitcoin as payment and i think its not surprise when germany banks start using bitcoin for their purpose. Bitcoin mass adoption will be wide spread when others country following germany step and it will happen in near future

Well, that is a great news to the bitcoin or the entire cryptocurrency. I never thought that Germany adopts technology for having a service loan using bitcoin, I think that is a good decision since using blockchain technology is a great advantage when having fast and reliable transactions. Easy to have any clients worldwide using bitcoin but a little doubt on my mind how they process the collateral to their clients in the online system service loan. Indeed, this is a great news to us probably bitcoin will go up the high price.

Bitfling

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German already approve bitcoin as payment and i think its not surprise when germany banks start using bitcoin for their purpose. Bitcoin mass adoption will be wide spread when others country following germany step and it will happen in near future

ronics

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Albrecht has established an online bank that allows clients to transfer loans worldwide with an excellent Bitcoin. this time we will have more cryptocurrency like a Bitcoin at a very low cost and that's a good idea for all the lenders. with the move to lend money worldwide with urgent process and at low prices on the amount to be paid. Great news

mostcrack

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I have heard some good news about bitcoin, and this is one of them. I always hope that this good news has true facts without hoaxes. because now many companies and big countries are starting to receive bitcoin, hopefully with the spread of a lot of positive news it can make prices recover again, and even increase from the expected.

kryptqnick

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Quote from: Hydrogen on May 15, 2018, 06:56:00 PM

Many bitcoin loan based start ups had difficulties with lack of support in terms of collateral, background checks, creditchex and similar systems utilized by banks to streamline the loan process and make them more reliable. Looks like this small german bank has stepped in to fill the vacuum and it appears to be enjoying success.

Hopefully this will be an indication of future progress with crypto based loans and we'll see other start ups embrace this trend by offering greater support for this.
As crypto loans become more prevalent we could see better frameworks and solutions to issues which have plagued the industry in the past and so perhaps this is a sign progress will be made.

Another way to use crypto property of cheap and fast transactions without really adopting them. This story reminds me a lot of the one about IBM tranferring money between countries pretty much the same way with fiat being converted into btc, sent to destination point and then converted back into fiat. It's better than nothing, of course, but cryptos shpuld not be merely mediators. At the same time, though, I would've never took a loan in the amount fixed in a specific top cryptocurrency. They are extremely volatile and it might lead to one owing a catastrophic amount of money. I wonder why they're not adopting usdt, though. It could allow both fast transactions and a fairly stable price. Is it because of the lack of trust that every tether is actually backed up by one dollar?

taxmanmt5

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Quote from: darkangel11 on August 29, 2018, 03:02:35 PM

“Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,"

This is the main reason why BTC is much better and will eventually take over the current banking system. There's a reason why banks are researching blockchain right now. They're looking for a way to integrate it into their outdated systems to improve them. To have something to show when their clients become familiar with cryptos and start comparing pros and cons. They will then at least be able to say that their system isn't 100% slower and more expensive than BTC, it's only 10% slower
"-don't switch guys we are improving, give us a chance" Cheesy

Great news first i thought using bitcoin in German is illegal but after haring the news i think its not that illegal. Banks are using bitcoin to transfer loans which is great contribute for bitcoins.

darkangel11

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“Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,"

This is the main reason why BTC is much better and will eventually take over the current banking system. There's a reason why banks are researching blockchain right now. They're looking for a way to integrate it into their outdated systems to improve them. To have something to show when their clients become familiar with cryptos and start comparing pros and cons. They will then at least be able to say that their system isn't 100% slower and more expensive than BTC, it's only 10% slower
"-don't switch guys we are improving, give us a chance" Cheesy

automaticmoney

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Germany is far more advanced in terms of banking and adoption of latest technology and the future of money transfer in crypo currencies is defined from German online banking

justdimin

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Quote from: Daseento on August 26, 2018, 07:37:06 PM

This is indeed a move in the right direction. If we can witness more real world use of cryptocurrencies definitely the price will appreciate as it would attract more investors to this space.

Yeah, we all know this real life cases is what has been lacking hugely in the cryptocurrency world and only if banks can see the advantages it brings even to them than focusing on some of the disadvantages that can easily be curbed, we won’t be getting some of these news.

It is however good that this is already happening in some places which I want to believe some other countries can use as a case study of bitcoin usage in the loan market.

Osarman

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Quote from: DPrillio on August 26, 2018, 07:46:56 PM

Quote from: djgtr on August 05, 2018, 07:13:44 PM

Quote from: sinta23 on May 16, 2018, 07:34:14 PM

Quote from: yoseph on May 15, 2018, 07:15:08 PM

Quote from: bitcoin2048 on May 15, 2018, 07:07:45 PM

This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!

That's indeed great news, Germany has been pro Bitcoins ever since the cryptocurrency emerged and now they are bringing in new services that will make the cryptos expand even more.

it's amazing, because a big country like Germany uses the crypto for transactional tools, we should support it, and hopefully in other countries it has the resolve as did Germany to move forward and grow.

That would be possibly happen because Bitcoin os already appear in a small countries and of course it has already in the Germany. The people contributes good thing of bitcoin and they give their best without hesitation in doing it. The country is liv8ng forward to success because of the new trend business which is bitcoin.

That is another good news and development of crypto currency and I hope someday there are more banks around the world will adapt the same kind of bank system because it will makes life easier on monetary system in this age of digital technology since I think crypto currency is the future of worlds currency.

Of course it is, but it would be better if we start seeing more of this in the long run. I am quite optimistic that we would keep seeing some ideas popping up with banks on how to utilize the space to their benefit. Some countries may be slow to adopt this process, but at least for few of the brave ones, it is a start.

Germany is already seeing the advantage this brings and hopefully other banks, as well as other countries will probably see the advantage that surrounds the real life usage of blockchain technology and the crypto market at large.

audaciousbeing

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When it comes to issuing loans in bitcoin, the advantages cannot be overemphasised. Taking a look at the getting a loan from the bank in the same economy, aside from the exorbitant interest rate, the fees attached called management fee is something where that is deducted at source from the loan and also a drawn down of the first installment is even withheld in some case not to talk of the taxes and other charges that will arise from such single transaction. I can only imagine the struggle businesses go through sourcing funding abroad that the eventual funding that they get is always lower than reported investment.

The challenge I see here is the due diligence aspect in other to be sure that business owners make do with their promises of paying back. For those in Germany that won't be a problem but those outside the country that would need to be verified at a very expensive cost for consultants considering the cap of $50,000 at that. I see this arrangement as funding rather than loans because its more practicable than the latter.

a4techer

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This is awesome and nice that every i read some of article regarding cryptocurrency and banks i was amaze and greate because as we know and we think th some or mostly of banks qas afraid in cryptocurrency but now they are embracing amd accepting the new technology like cryptocurrency just like in my country that they are now embracing cryptocurrency.

DPrillio

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Quote from: djgtr on August 05, 2018, 07:13:44 PM

Quote from: sinta23 on May 16, 2018, 07:34:14 PM

Quote from: yoseph on May 15, 2018, 07:15:08 PM

Quote from: bitcoin2048 on May 15, 2018, 07:07:45 PM

This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!

That's indeed great news, Germany has been pro Bitcoins ever since the cryptocurrency emerged and now they are bringing in new services that will make the cryptos expand even more.

it's amazing, because a big country like Germany uses the crypto for transactional tools, we should support it, and hopefully in other countries it has the resolve as did Germany to move forward and grow.

That would be possibly happen because Bitcoin os already appear in a small countries and of course it has already in the Germany. The people contributes good thing of bitcoin and they give their best without hesitation in doing it. The country is liv8ng forward to success because of the new trend business which is bitcoin.

That is another good news and development of crypto currency and I hope someday there are more banks around the world will adapt the same kind of bank system because it will makes life easier on monetary system in this age of digital technology since I think crypto currency is the future of worlds currency.

Daseento

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This is indeed a move in the right direction. If we can witness more real world use of cryptocurrencies definitely the price will appreciate as it would attract more investors to this space.

djgtr

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Quote from: sinta23 on May 16, 2018, 07:34:14 PM

Quote from: yoseph on May 15, 2018, 07:15:08 PM

Quote from: bitcoin2048 on May 15, 2018, 07:07:45 PM

This is awesome, if the major countries will go on for the cryptocurrencies, I think that smaller countries will follow their examples fast!

That's indeed great news, Germany has been pro Bitcoins ever since the cryptocurrency emerged and now they are bringing in new services that will make the cryptos expand even more.

it's amazing, because a big country like Germany uses the crypto for transactional tools, we should support it, and hopefully in other countries it has the resolve as did Germany to move forward and grow.

That would be possibly happen because Bitcoin os already appear in a small countries and of course it has already in the Germany. The people contributes good thing of bitcoin and they give their best without hesitation in doing it. The country is liv8ng forward to success because of the new trend business which is bitcoin.

AniviaBtc

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Quote from: 21millionsbtc on May 21, 2018, 12:48:16 AM

The German bank is seeing a vision where most of the banks are still in death lock towards bitcoin the future of money transfer through bitcoin and blockchain so after Japan now Germany is on forefront

These is a Welcoming news to all the Bitcoin followers, investors, traders, and potential investors etc.etc. If this German Bank able to make a stand to accept Bitcoin as a legitimate digital transaction i have no wonder, some other Bank will follow the lead of the German Bank on this ventures. the global acceptance of crypto is really unstoppable globally, Bitcoin is all over the news, any price of Bitcoin on the market expect the market analyst on TV broadcast media forum or on other market discussion link on the treed.

RockBar0

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Quote from: zakariajaki on June 22, 2018, 10:20:24 PM

reading your articles and opinions from you I feel relieved and feel there is a wide gate to see the future more open to modern economic technology, see the country open to crypto I feel there is a great opportunity and at least step we have been studying and learning there is legality for the future and of course we are more comfortable in working, my opinion in the future will be more and more countries in the world that opens wide on the progress of crypto, keep the spirit and success for all of us

This can be considered the most excitement of their country's head. And it can also be fun for some other countries. If banks simply support investors, then we have more opportunities to grow. In the future bitcoin will make the community great value.

zakariajaki

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reading your articles and opinions from you I feel relieved and feel there is a wide gate to see the future more open to modern economic technology, see the country open to crypto I feel there is a great opportunity and at least step we have been studying and learning there is legality for the future and of course we are more comfortable in working, my opinion in the future will be more and more countries in the world that opens wide on the progress of crypto, keep the spirit and success for all of us

geraldmcraney

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btc will be grow in the second year to Roll Eyes

Topic: German online bank uses Bitcoins to transfer loans - page 3. (Read 567 times)