Topic: Is bankers accepting bitcoin transactions? (Read 162 times)
There have been report that some banks have refuse to accepted bitcoin reason that is volatile and risky,while other accept it.
I don't really see any need for banks to accept bitcoin transactions. One of the advantages of bitcoin is to allow it's users to transact value without the need of a third party, thus there is no real use for banks in the crypto world. So if people don't really need banks, there is no need for them to offer that option. We will definitely see financial institutions accepting bitcoin trading though, like we already heard in the case of the CME Group.
Here in our country, banks accepting bitcoin but automatically converted into fiat when we encash or paying bills online. Maybe it is also depend on a country where we are. But if you are saying that saving bitcoin in the bank? They are not accepting it since they don't have system that can save bitcoin.
Actually Bitcoin will kill Banks and the user will stop using if everyone know about Bitcoin but as the price varies it just make impossible.
They are not going to accept Bitcoin transactions, banks want bitcoin disappear.
But if they start accepting then Bitcoin will be on whole new level
They are not going to accept Bitcoin transactions, banks want bitcoin disappear.
But if they start accepting then Bitcoin will be on whole new level
I don't think there will be any Banks that will actually provide trading services for bitcoin.Of course, otc transactions are not regulated too much.On the one hand, the existence of bitcoin can pose a threat to traditional banking.On the other hand, the top 10 Banks in the world, I think will be associated with some governments, and you can see that almost no government except Japan really likes bitcoin.
I'm thinking few bankers only accepting bitcoin transactions.May be we can do only with net banking because I made transactions with net banking, not sure about credit-card or debit card payments for trading the bitcoin currency.
Let us hope for the best on bitcoin transactions with banks.
I do not now of any banks that currently allow anyone to transact in bitcoin, anywhere in the world. I doubt this will ever change as banks have no way of generating revenue from these transactions. More importantly though, banks have very strict regulations that govern the disclosures their customers need to make to them, so they can in turn make disclosures to the relevant authorities. These regulations around money laundering have almost no way of being enforced when BTC is involved. I would not be holding me breath.
I'm thinking few bankers only accepting bitcoin transactions.May be we can do only with net banking because I made transactions with net banking, not sure about credit-card or debit card payments for trading the bitcoin currency.
Let us hope for the best on bitcoin transactions with banks.
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