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Topic: The day will surely come Banks soon accept Bitcoin - page 9. (Read 1751 times)

hero member
Activity: 840
Merit: 500
We can actually see that some banks are already thinking of introducing their own tokens. It is just a matter of time.
member
Activity: 365
Merit: 10
Good news and this make transaction as simple at it could be. I would very much happy if this development extend to my home country to further create awareness to the people who are still behind. Surely one day banks all over the world would accept bitcoin because its stability so far.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
Bitcoin created to destroy the centralized system which literally means banks then why should they accept bitcoin?

Even if they open services regarding storing the bitcoin we should avoid them because we will lose the freedom of using our money again and someone will take control over our money so it is not a good thing to happen though.
This is the main concept of this technology, to make a decentralized system and destroy the old banking system but I think we still need bank for some transactions so if they also adopt the system its ok for me to try it as long as I control my money. Its not worth it to put your money in the banks, so invest it and have transactions with the banks for a loan processes.
We need the banks only to convert our crypto currency into fiat money but if we adopt to the new decentralized crypto system we don't need the banks anymore we can spend our bitcoin directly into the stores at that time.Getting loan from the bank and bank accept bitcoin both are different?
member
Activity: 616
Merit: 11
Decentralized Ascending Auctions on Blockchain
I agree this kind of question that soon more banking institutions accepts bitcoin or any other bitcoin transaction, and as far as I know that a lots of banking institutions now who observes and study about cryprocurrency business most especially bitcoin as the king of all cryptocurrency coin. Hopefully it truly happens soon.
sr. member
Activity: 798
Merit: 268
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
Bitcoin created to destroy the centralized system which literally means banks then why should they accept bitcoin?

Even if they open services regarding storing the bitcoin we should avoid them because we will lose the freedom of using our money again and someone will take control over our money so it is not a good thing to happen though.
This is the main concept of this technology, to make a decentralized system and destroy the old banking system but I think we still need bank for some transactions so if they also adopt the system its ok for me to try it as long as I control my money. Its not worth it to put your money in the banks, so invest it and have transactions with the banks for a loan processes.
member
Activity: 633
Merit: 14
I really like the current Bitcoin method without anyone else dealing with my money and making me comfortable, it's not all banks that are cunning, but that is not true because Bitcoin decentralizes all my money and I can control it, don't want them to deal until to my personal things, banks to accept Bitcoin because there is no other way if they don't accept it, maybe in the future it won't be as popular as now and they think they want to use us.
member
Activity: 1204
Merit: 38
I don't want any banks to use my bitcoin,so I won't take their services even if they offer. Roll Eyes

I don't understand what is a great thing if a bank accept bitcoin? It won't have any changes in the market condition you can store your bitcoins into banks's wallet but probably there is no need to do that.
jr. member
Activity: 352
Merit: 1
banks accepting bitcoin is not such a great news though! it can even be a terrible news if you ask me. because if banks start accepting bitcoin, open bitcoin "accounts" and things like that, it may encourage people to start using banks instead of avoiding them and having their own bitcoin wallet. and that is terrible because they would be going back to the centralization that were trying to get rid of.

You are absolutely right. Bank accepting bitcoin payment is not a good news at all. It will be a ploy to take us back to centralization that we wanted to avoid.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Banks will not "accept" Bitcoin, they will sub-contract someone to develop their own in-house private Blockchain technology, like R3 group did with Mike Hearn and they will become Bitcoin's competition. They are not innovative enough to develop their own technology, they have to steal Satoshi's concept.  Angry

This will happen later this year or early next year.  Wink

Banks cannot compete with Bitcoin with their old legacy systems and they are too set in their ways to change their business model.  Grin
sr. member
Activity: 602
Merit: 259
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Having bitcoin ATM's in place and functional doesn't mean that banks will be accepting the bitcoin soon. Those are two different things. There are many internal agendas which needs to be fulfilled first so that one can actually see both the dots connecting with each other. Both dots means, bitcoin/blockchain and also banking system which runs over the traditional swift technology. Its not like fruit market, you went for shopping and picked up anything you want, its very complex system to bring onto same page and work together. May be there is still time, banks and bitcoins will have to wait more.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
Bitcoin created to destroy the centralized system which literally means banks then why should they accept bitcoin?

Even if they open services regarding storing the bitcoin we should avoid them because we will lose the freedom of using our money again and someone will take control over our money so it is not a good thing to happen though.
full member
Activity: 406
Merit: 102
I honestly can say that it is possible for every country. Here in the Philippines, Banks are the first ones who accepted bitcoins specifically BSP. Now we can transact through remittances but until now there are limited stores or the stores that actually accepts bitcoins as payment can be counted with fingers only.
I am looking forward for new developments especially including medicine.
full member
Activity: 504
Merit: 101
If we believe that Bitcoin is the future currency then we also believe that it will be soon be accepted in banks. But that will take a long time I guess because now some country's government still not open to be part of the technology evolution. I think it's already in process to some countries who already accepted it.
full member
Activity: 686
Merit: 108
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Not all banks are doing it, most banks are afraid with bitcoin popularity.
People probably will not use banks anymore and just make banks as a payout for them.
Pressure is rising between banks and cryptocurrency and I know banks already know the possible things to happen in the future if they don't adopt this technology. Banks will become more open about cryptocurrency and I know time will come for this. If banks support this, I would still choose my crypto wallet and manage my fund on my own, I don't trust bank anymore.
newbie
Activity: 149
Merit: 0
The banks will have no choice just like the postal service had no choice with the development of the internet and email. They must come to terms with the new technology or be forced to close their doors. That being said, the whole idea of blockchain is an anonymous peer 2 peer system which a bank cannot in all seriousness willingly embrace.
member
Activity: 280
Merit: 10
Absolutely I agree. They will try to prevent this system up to one time. But after a while, they will have to accept. Especially when blockchain technology is being developed by people so much ...
jr. member
Activity: 99
Merit: 6
There are already few banks who are accepting cryptocurrencies. You might wanna check this article for you to read more and know who are those banks that are supporting cryptocurrencies.
https://www.quora.com/What-banks-do-accept-bitcoin
https://nexchange.com/article/3030

The reason why most banks won't accept bitcoin is because of its volatility in value. Maybe when time comes that bitcoin's value will be more stable then that's the time that mos of the banks all over the world will accept bitcoin.
full member
Activity: 582
Merit: 101
I also have an opinion like that gan. because with time lapse must be one by one country and Bank will receive bitcoin. maybe just wait time gan. if I notice the movement of bitcoin Very good in the digital area today
full member
Activity: 546
Merit: 100
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.

Not all banks are doing it, most banks are afraid with bitcoin popularity.
People probably will not use banks anymore and just make banks as a payout for them.
full member
Activity: 1176
Merit: 162
The day will surely come, looking at how widespread cryptocurrencies is flying lately, the future looks bright. With the introduction of ATMs that supports bitcoin in Belgium, I am looking forward to hearing the great news when bitcoin will be accepted in banks.
In my country in asia, 1 bank announces that they going to accept cryptocurrency as payment. And in fact  as I read on that article they are  going to have their own blockchain. And I hope all bank will accept bitcoin worldwide but I think it will not happen because of government involvement.
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