Topic: The first bitcoin bank! - page 2. (Read 2864 times)
Didn't understand something even after reading the article, will the accounts be in BTC "i.e balance: x BTC" or will it cooperate and integrate BTC merchants and transfer balances to fiat immediately... Curious too if they offer some interest on BTC deposits/accounts.
Excellent news, finally a bank not just slightly cooperating with an exchange but one showing completely acceptance and cooperation with BTC which is impressive completely. People in the EU should really make use of this one, companies and individuals alike IMO.
Guys someone had reported this owner at scam acusation soo i would think twice before deposit any satoshis at this banks, i dont like to have my bitcoin into a bank, as a trader a bank supporting bitcoin will need legalization and as i know banks doesnt support bitcoin, atleast not directly, soo open your eyes and read all about the company you looking at, and quest your self do we need centralization ?
I have seen about it too. Found on this site: https://ftalphaville.ft.com/2016/10/18/2177180/the-founder-of-digital-bank-wb21-was-previously-sued-for-allegedly-stealing-millions-of-dollars/
I don't know if this site is trustful, but I believe they wouldn't fake an article about the founder of this digital bank, WB21. Article from last year.
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
I think it is good because the bitcoin are being accepted by these banks, but I think having a account on that bank where you send bitcoin makes you not anonymous. Making it easy for them to know where you make your profit and where you use it.
Guys someone had reported this owner at scam acusation soo i would think twice before deposit any satoshis at this banks, i dont like to have my bitcoin into a bank, as a trader a bank supporting bitcoin will need legalization and as i know banks doesnt support bitcoin, atleast not directly, soo open your eyes and read all about the company you looking at, and quest your self do we need centralization ?
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
In my opinion this is totally bad news for me , because I am also a Bitcoin trader and making deals in the Bitcoin to buy and sell daily for the fiat ( USD and local money ) .According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
But if the Bitcoin bank will start then surely most of the persons will use Bitcoin bank and that will be results into the lake of the customers for me and finally this will steal my job of Bitcoin trading . So I don't like it , but idea of Bitcoin bank is good
.Here also another traders in the Bitcoin field , will also leave Thier job of trading .
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
I think some bank accept bitcoin for some reason and it will help the people who use it that they can deposit there bitcoin in that bank. In the near future all banks in the world will accept bitcoin as deposit of their costumer to get more funds. Having bitcoin is a good idea for us. According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
To me this is just another business organization accepting bitcoin as a payment. The underlying mode of transaction is still fiat- unless they allow bitcoin deposit directly into bitcoin accounts.
Coinbase doesn't pay interest for any deposit, and does not use you coin for investment, so to me it is just a "warehouse" for your coin.
Coinbase doesn't pay interest for any deposit, and does not use you coin for investment, so to me it is just a "warehouse" for your coin.
Interesting, that bank is an actual bank, correct? I mean using the depositers funds through profit-based system? if not it won't add much to the current stage, we are easily able to send TX's through wallets (which act as our banks), if they don't offer profit on BTC deposits then it's nothing new, and better yet, offer loans through BTC.
The sound of Bitcoin bank brings to mind centralization and the ability of the powers that be to control our finances so I have never supported the idea of a Bitcoin bank besides, every Bitcoin wallet is more or less lijebyour own bank so why do we need another bank to protect your bank?
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
I feel comfortable with the blockchain-based financial system. A new breakthrough for financial transactions without involving third parties (banks). And this is an advance in the banking world.According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
Is not this a setback. I disagree with the digital bank
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
I have commented many times about bitcoin in my posts, It really bad for bitcoin;'s future. For short term price may take to moon. Banks accepts bitcoin means they will reserve right to control the transaction and control it. Fees and charges would same like bank in future. Example, now we are able to send the bitcoin to any part of the world with the same mining fees but in future it will depends upon the location. Due to this Paypal, moneygram, International exchanges will retain their business easily in the market. Hoping everything should go good in future.
I don't really see how that could be bad for Bitcoin's future
People are hellbent on confusing regular banks with Bitcoin "banks". In fact, Bitcoin "banks" have been there for ages, any decent web wallet can be rightfully called a Bitcoin bank. Regular banks operate with fiat, and you have to use them for any significant amount of money, whether you like it (them) or not. It is not the case with web wallets (or Bitcoin banks, if you please). No one is forcing you to use them, so there is absolutely no reason to think that such banks would bode ill for Bitcoin or threaten its future. This is the principal distinction you fail to make
If we talk about legal way to transfer BTC into cash in large quantities , that s going to be a problem since AML laws are more less the same in any developed country. If we talk about securely saving your BTC, that s OK, but there re already so many different options.
All in all, what is that bank going to do?
The transfer of BTC into the currency is more or less developed in North America, Western Europe and Australia with Japan. But for Latin America, Africa and other less developed countries this can be a big problem All in all, what is that bank going to do?
If we talk about legal way to transfer BTC into cash in large quantities , that s going to be a problem since AML laws are more less the same in any developed country. If we talk about securely saving your BTC, that s OK, but there re already so many different options.
All in all, what is that bank going to do?
All in all, what is that bank going to do?
This still isn't the true Bitcoin bank, they have some traditional financial business and they just added Bitcoin as an option. The question is would people embrace the Bitcoin banks with all their features, once they appear, having in mind all bad experiences they have with traditional banks and would that mean that Bitcoin has become centralized.
The fundamentals of what a bank means will be different because they won't be able to create credit in the traditional sense.
The Bitcoin bank will truly have to back all of their assets with other cryptos or Fiat in order for savings account holders to make a return, and there will not be a government to bail out anyone. If they go out of business, good let getting your BTC back.
The Bitcoin bank will truly have to back all of their assets with other cryptos or Fiat in order for savings account holders to make a return, and there will not be a government to bail out anyone. If they go out of business, good let getting your BTC back.
Of course a digital bank in its level has a few difference on the traditional banks but in essence it is still a bank and will function as a bank. When we talk about credit we are not yet certain if they release some credits but in time when the local version of that banks will be established they will be allowing creditors in the local area. We do not know what is their scope but they are trying to extend their services globally and that is why they decided to adopt bitcoins.
Doesn't this kinda go against the whole point of decentralization?
I'm all for expansion of cryptocurrencies, but the idea is to spread the love!
I'm all for expansion of cryptocurrencies, but the idea is to spread the love!
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
I wouldn`t say that this is a bitcoin bank.
It`s a normal bank that accepted bitcoin for transfers,because btc got more popular.
They just follow the trends.
https://bitcoinmagazine.com/articles/global-digital-bank-wb-starts-accepting-bitcoin-deposits-1466103194/
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
According to this article it states that Digital bank WB21 announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts. WB21 customers can now send Bitcoin to make real time account deposits in any of the 18 currencies supported by the bank.
This is the first time we will be having a bitcoin digital bank and as of now they are located at California, Switzerland and Hongkong.
Is this a good news or bad news, whats your say?
I have commented many times about bitcoin in my posts, It really bad for bitcoin;'s future. For short term price may take to moon. Banks accepts bitcoin means they will reserve right to control the transaction and control it. Fees and charges would same like bank in future. Example, now we are able to send the bitcoin to any part of the world with the same mining fees but in future it will depends upon the location. Due to this Paypal, moneygram, International exchanges will retain their business easily in the market. Hoping everything should go good in future.
Hey, astute morons, guess what I just did prior to this thread making it to the second page -> https://bitcointalksearch.org/topic/wb21-is-a-scam-1937209
Meanwhile, posters are still jacking off all over themselves because they think this is greatest thing since BFL announced its ASIC line of bitcoin miners.
BTW, the article cited in the OP is dated Jun 16, 2016, almost a year ago.
Meanwhile, posters are still jacking off all over themselves because they think this is greatest thing since BFL announced its ASIC line of bitcoin miners.
BTW, the article cited in the OP is dated Jun 16, 2016, almost a year ago.
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