Topic: Typical banks, will they ever take Bitcoin seriously? - page 2. (Read 1037 times)
Indeed, banks are intrested integrating wallets to their web-banking service, but they still have a lot issues with converting and keeping bitcoins, because of the not decentalized system which dont have any safe solution if something went wrong, but still big card companies are trying to integrate this techonology
probably not. Because bitcoin has properties, the presence of which does not allow it to do so. But the technology Blockchain is very suitable for banking operations.
I feel like they will have to the bigger it gets.
May be you are right in this case that banks will gets bigger by accepting Bitcoin. As we all know the importance of Bitcoin. Bitcoin is the well-known crypto currency of the world. And many countries accepted Bitcoin with open minded. And if the government legalized the Bitcoin than definitely traditional bank accept Bitcoin seriously. With that bank will also got too much profit from Bitcoin. Community will happy to take Bitcoin.
it takes time to adopt the system.
Typical banks, will they ever take Bitcoin seriously?
Maybe not, bitcoin runs in a blockchain technology and no banks can control it whatsoever, its hard to assume that banks can take over the crypto currency but the other way around, bitcoin and other coins are showing its influence over the banks day by day and even other industries.
Crypto currency can not for a long time be unregulated, "wild." Since it already has a strong impact on the economy and financial system of most states, states will have to either regulate or prohibit it. Now banks have the same choice. Only if the state recognizes crypto currency as a legal tender, then banks will have to comply with this. Nothing wrong with the fact that banks will be engaged in the exchange of crypto currency for ordinary money and accept it for payment, I do not see. On the contrary, it will only benefit the Crypto-currency, as it will develop faster.
some of them are aware that crypto currency is taking over the world. the best they can do is to embrace it and see how they can position themselves and ride with the wave or they face the threat of being totally out of business in a few years
It hasn't taken over the world quite yet, it's just beginning for bitcoin, I am convinced however that certain governments will do everything in their power to stop ir or work against it.
They are taking blockchain technology seriously and ways
of implementing it into their system and how they could
benefit from it.
Example of this would be Ripple by having more than 100
banks on board with big names such SCB, Bank of England
Bank Indonesia, Federal Reserve System and many more.
of implementing it into their system and how they could
benefit from it.
Example of this would be Ripple by having more than 100
banks on board with big names such SCB, Bank of England
Bank Indonesia, Federal Reserve System and many more.
They will of course fight against it for as long as they can, or try to keep them under control by pushing the governments to ban cryptocurrencies. They have to know that they will eventually have to at least "cooperate" with cryptocurrencies, but since it will distort their business practices for sure, what they are doing does not necessarily counts as foolishness, but rather maximzing profits for as long as possible, in my opinion.
some of them are aware that crypto currency is taking over the world. the best they can do is to embrace it and see how they can position themselves and ride with the wave or they face the threat of being totally out of business in a few years
Yes! Time will come that they will take bitcoin seriously because it still continues to have a fast rate of growth. Due to it's popularity, banks are now a little bit threatened to btc and they are only ending up between the two options, embracing or destroying bitcoins.
It was a good news if banks truely understand the idea of cryptocurrency and willing to cope with the blockchain technology, this will definitely benefit us because banks can now become more user friendly for all of us since we can now use both fiat money and btc. On the bad side, banks can spread black propagandas against btc and may result again to bitcoin's drop if they treat it as their enemy. (I hope this won't happen)
It was a good news if banks truely understand the idea of cryptocurrency and willing to cope with the blockchain technology, this will definitely benefit us because banks can now become more user friendly for all of us since we can now use both fiat money and btc. On the bad side, banks can spread black propagandas against btc and may result again to bitcoin's drop if they treat it as their enemy. (I hope this won't happen)
Typical banks, will they ever take Bitcoin seriously?
Maybe not, bitcoin runs in a blockchain technology and no banks can control it whatsoever, its hard to assume that banks can take over the crypto currency but the other way around, bitcoin and other coins are showing its influence over the banks day by day and even other industries. Typical banks, will they ever take Bitcoin seriously?
Once there is enough (by their standards) money in it, and enough people use it they will not be able to afford to ignore it. Some banks are already contemplating the ways how to get the bitcoin to work for them so i think it's only the matter of time.
Currently not, many countries like China and Russian banned bitcoin, and they will not accept it as a fiat currency, so i don't think the banks can take bitcoin seriously. May be some day later, the status can be changed. They will support blockchain technology.
They definitely take it seriously! Jamie Dimon talking down bitcoin is not an off the cuff rant, he's disparaging a competitor.
bitcoin system against banks so that will never support bitcoin but they will take real work against bitcoin (will support blockchain technology )
Banks are very taking bitcoin very seriously, they know bitcoin can hardly be controlled by any third parties so they asked government to ban bitcoin, that slow bitcoin develope down very much.
Banks will always be scared of bitcoin because bitcoin is a decentralized cryptocurrency which allows people to transacts directly with each other eliminating the middleman (banks) of course there will be no bank charges which is a disadvantage to the banking system moreso, there is a level of trust in the transaction of bitcoin which is passed smoothly, recorded accounted in a ledger.
They already take bitcoin seriously. Some of them are implementing or testing blockchain technology, others are trading bitcoin.
Banks will only use Bitcoin's blockchain technology instead of Bitcoin in the future. They regard it as their biggest competitor. Bitcoin has become their worst nightmare. However, the development of Bitcoin has forced them to accept this fact
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