Topic: There is any Bitcoin "products" for Banks? - page 2. (Read 4752 times)
Bitcoin was designed to replace banks not for them
I do not think that banks will adopt blockchain technology with digital currency, bitcoin is not yet treated as centralized currency and bank only accept centralized or money that having physical figures. I think if bitcoin start to adopt by all governments and it will make it legally accepted and then bank will start to adjust their system or upgrade to include the blockchain transactions because bank is regulated by the government. Also it will be great if we can transact into the bank directly with our bitcoin it is easy to buy and sell bitcoin. And it will be good to make bitcoin much more popular because bank will directly introduce to their clients about bitcoin ofcourse it will be included in their annual target or projection.
some banks are now trying to implement their own systems with security frameworks related to blockchain technology they are building software and engineer infrastructure for them. They can use their own systems to find security and implement technology, but they will use this system in real banks but not under blockcoin integration
My suggestion is to check out RIPPLE as this asset is most involved on banks.
Bitcoin products for "banks" are not yet heard here in our country so far. Banks will more likely use a blockchain technology in the future and bitcoin can be included in the bank transaction possibly as how I see it for now. There are still so many things to be discovered soon.
As of know there ain't no such product as you have clarified and yes there is a lot in store for future where in bitcoin can be included in bank transaction like how PAYTM does but on the other hand if we notice bankers will be the losers if bitcoin becomes too main stream so thee will be resistance and objections from bankers as they cannot have control over our money. blockchain is no less than bank.
Bitcoin products for "banks" are not yet heard here in our country so far. Banks will more likely use a blockchain technology in the future and bitcoin can be included in the bank transaction possibly as how I see it for now. There are still so many things to be discovered soon.
Falcon Private Bank would seem to offer bitcoin exchange so I would imagine that soon more banks will follow. It would be profitable to them and to you as long as the bitcoin won't drop in value which it won't. Right now there are other banks that would offer such services so you can search for banks in your area that offer bitcoin services.
Bitcoin has no products or services in it and never will. There is no coupling between banks and crypto and no reason to try to create one. It is two different things and they have nothing at all to do with each other. The structure of bitcoin and bank is totally different hence we cant see any compatibility between then other than that bitcoin can be converted to fiat and fiat can be converted to bitcoins.
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Mate,a child giving birth to cannot work in a day cause it a gradual processing and it will take time. However, we should be happy that almost the government of every continent legalize bitcoin which mean at any time now there will bitcoin product available for banks.
It is my understanding that banks are more interested in blockchain technology than Bitcoin itself.
From what I have read, banks seem to be interested in using blockchain technology to settle trades between repetitive trading partners.
From what I have read, banks seem to be interested in using blockchain technology to settle trades between repetitive trading partners.
Probly banks are more interest in blockchain technology and maybe in the near future banks can be open with the idea of bitcoin as one of their product or services. But I think bitcoin it self can stand alone without banks or any financial institution its just giving the people options as theirmode of payment at how they will invest unlike with banks they have low interest rates.compare with bitcoin you can be a millioner in no time.
From what I have read, banks seem to be interested in using blockchain technology to settle trades between repetitive trading partners.
Presently there is no bitcoin products for bank and banking system is unable handle the bitcoin type product. As it is a millenary market OK black chain. It is possible some other banking type institution will come in existence in future. The new institutions will be more safe and effective In banking bitcoin.
I am wondering if there is any dedicated solution for integrating Bitcoin with "real" banks?
Some special "wallet"? Or any other infrastructure products/companies that should helps banks implement Bitcoin in an easy and secure way?
I am not talking about all the "Block-Chain" companies out there who trying to build their "shared" database with banks, I am talking about Bitcoin as we know it.
I believe that some of the banks are already works on such an integration, I just wanted to learn about the market in that area.
Thanks.
At the end of the day this haas to be made, you never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete. Some special "wallet"? Or any other infrastructure products/companies that should helps banks implement Bitcoin in an easy and secure way?
I am not talking about all the "Block-Chain" companies out there who trying to build their "shared" database with banks, I am talking about Bitcoin as we know it.
I believe that some of the banks are already works on such an integration, I just wanted to learn about the market in that area.
Thanks.
You will get a lot of resistance with statements/questions like this on this topic. Bitcoin was developed {or so it seems} to
replace Banks and financial services like MoneyGram and WU that exploits people. The idea behind Bitcoin is for people to
have a alternative payment option. {let's call it Digital cash} without having to deal with third parties like Banks. A lot of
people on this forum still support this idea, but lately "greed" clouded their judgement and they forgot about these goals...
they are now focused on profits, rather than principles.
replace Banks and financial services like MoneyGram and WU that exploits people. The idea behind Bitcoin is for people to
have a alternative payment option. {let's call it Digital cash} without having to deal with third parties like Banks. A lot of
people on this forum still support this idea, but lately "greed" clouded their judgement and they forgot about these goals...
they are now focused on profits, rather than principles.
Both. Banks may be interested in blockchain technology to expand their services and they are interested in BTC, too. First thing first, they are interested in blockchain technology, but their investment is still low in this field. Let us say, they are analysing it, but rarely develop products with it. They are interested in BTC for other reason. The name of the reason is: ransomware. Yes, banks are often targeted with ransomware. They have started to stack up with BTC just in case. As far as I know, some altcoin platforms promised dedicated products to financial institutions, but none for BTC I am aware of. Maybe because BTC is supposed to support a financial system of people instead of banks...
Yes, and I think some banks are now into bitcoin. Although not fully. They are accepting to exchange Bitcoins to Fiat which think is an indication that little by little. They are starting to accept Crypto-Currency. Especially now that we are in a modernized world. All our transactions are tend to place online since we are now busy with the other things. They are not yet fully accepting it because they are analyzing it first (as stated above) but soon and very soon as they see the potential of this coin. They may use it in their transactions as well.
I think through time bank and bitcoin will have a blockchain technology to add services, but still this will take sometime to put into action. And I agree that BTC should support financial system of people instead of banks.
Look at CommerceBlock. Team has banking experience and will launch soon.
Come on.
Its multibilion business. No bank can say no to this.
They just too big to move quickly.They need to readjust regulation, loby the politics and what not.
But banks are first and always are for making money. So if money can be made, its just a matter of time before banks jump on it.
Its multibilion business. No bank can say no to this.
They just too big to move quickly.They need to readjust regulation, loby the politics and what not.
But banks are first and always are for making money. So if money can be made, its just a matter of time before banks jump on it.
I am wondering if there is any dedicated solution for integrating Bitcoin with "real" banks?
Some special "wallet"? Or any other infrastructure products/companies that should helps banks implement Bitcoin in an easy and secure way?
I am not talking about all the "Block-Chain" companies out there who trying to build their "shared" database with banks, I am talking about Bitcoin as we know it.
I believe that some of the banks are already works on such an integration, I just wanted to learn about the market in that area.
Thanks.
Although there are banks that accept bitcoin, maybe only a few banks.Some special "wallet"? Or any other infrastructure products/companies that should helps banks implement Bitcoin in an easy and secure way?
I am not talking about all the "Block-Chain" companies out there who trying to build their "shared" database with banks, I am talking about Bitcoin as we know it.
I believe that some of the banks are already works on such an integration, I just wanted to learn about the market in that area.
Thanks.
To integrate bitcoin with a real bank, I think this problem is a very difficult problem, since the presence of bitcoin itself is still considered illegal almost throughout the country.
But I hope, for the future bitcoin can be integrated well in every real bank and touched by the public, only with bitcoin is all transactions can be done easily, because bitcoin transactions can be done with smartphones.
Thanks for the answers.
I know that Bitcoin by his nature is completely the opposite from what the Banks represents, and still, as Bitcoin getting stronger over the years and Banks beginning to understand his open source technology, I believe that they will use Bitcoin , maybe 5 + years from now or even tomorrow, to reduce costs and transfer big amounts of currencies between different countries, its an easy/pseudonymous/fast/cheap way to transfer any amount of money, I believe that any Institution that holds Capital in any form or way, will use Bitcoin in the future...
I really don't think that financial companies will use Bitcoin. I think they will use the blockchain technology that is used by all the crypto currencies (e.g. Bitcoin, Etherum, etc.) Bitcoin doesn't need banks to get widespread, but banks needs the technology that Bitcoin has and has been developed. Based on this technology, banks can develop a similar blockchain technology not in 5 years but in 1 or 2 years time. They're really on it now, because you can find headlines about it. I know that Bitcoin by his nature is completely the opposite from what the Banks represents, and still, as Bitcoin getting stronger over the years and Banks beginning to understand his open source technology, I believe that they will use Bitcoin , maybe 5 + years from now or even tomorrow, to reduce costs and transfer big amounts of currencies between different countries, its an easy/pseudonymous/fast/cheap way to transfer any amount of money, I believe that any Institution that holds Capital in any form or way, will use Bitcoin in the future...
I'm wondering if banks succeeds to implement the blockchain technology in their system, normal people would notice anything about it. Maybe they will just notice that the transactions complete faster than before.
After another week of observing this BTC phenomena, I renig my previous statement, . .I now believe that BTC is a global currency and Banks are local currency, . both should exist so if one fails the population can easily switch to a better running currency, . If BTC fails the they can individually choose to transfer to the local banking system as it exists today . if the fiat of that system begins to fail, they can begin transferring over to the global digital currency untill they straighten out their own system, . . I think the banks should have no dealings or influence over the global world currency, . and the BTC should have no say over local fiat systems, . .this way the individuals are always able to move freely between the two, ..I think the local banking systems need to let bitcoin be bitcoin, and bitcoin needs to totally diverse away from local systems, . yet the two can run in concert. . I think the banks still have a place on local community currency control, in fact the systems can stay as they are, . . online exchanges are just that and that only, . an exchange of funds, . and all personal asset holding should be done by the owning party offline,. .
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