Topic: Will banks ever offer bitcoin deposits? (Read 6362 times)
Banks in Germany are offering bitcoin bonds and loans and remittance we can see so much development in bitcoin space in banking industry mostly in Germany and Japan
According to us banks will never offer bitcoin deposits. Private key is meant to be the secret key of an individual so why would a person share his private key to the bank which is a centralized network. Banks which are meant for crypto investments are already offering bitcoin deposits but all the banking institutions will not offer this.
https://www.digixhub.com/
https://www.digixhub.com/
Bitcoin is a main currency of digital universe. But In any case, I think it is impossible to offer bitcoins by banks. A bank needs to store before saving anything. Bitcoin has no position. Which can not be seen, isn't in actuality, Just isn't accessible on the web. Thusly, the bank won't store on any concealed protest.
As far as I know such banks already exist and this is definitely the right move. Banks, like cryptowall, are vital to the full integration. This will create a powerful market combining the features of economic and technological spheres. If this happens, it will be very difficult to replace such an institution for the next hundred years.
We all know that Bitcoin and other forms of crypto currencies are decentralized and no one controls this and the price or value of crypto currencies can easily go sky high or fall into a cliff. This is one of the major reason why Banks won't accept Bitcoin or crypto currencies. Technology always have advantages and also disadvantages and that's part of innovation, even Bitcoin have this kind of disadvantage it still over takes it and more people are getting curious about this monetary innovation every year.
Let's imagine that if the bank accepts the bitcoin deal as well as the bank accepts to keep the bitcoin and calculate the profit for those who keep the bitcoin, then it's a good thing for us.
Why not? There are already banks that accept bitcoin deposits (USAA, Simple Bank, Goldman Sachs, etc.). But I wonder, does this mean these banks are now regulating it? In that case, I'd rather not deposit any of my bitcoin in the bank. I'd rather keep it without any regulating body. That's just my personal take on it.
I yhink this is quite possible with KYC/AML.
I would argue depositing funds in a bank is even riskier. Why have everyone's private key stored centrally? Also Freebitco.ins 4% interest rate offer is very interesting, but seems a little Ponzi-ish to me. I really don't know too much about their site.
here in my country banks are also the medium of cashing in but they dont accepts bitcoin deposits because they are against it how weird right? they dont also allow having an account when your income came from the crypto industry.
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I think it is very difficult for the bank to accept the bitcoin and it is even harder for them to provide the service so I think it will be hard to come by. But if in the future when bitcoin becomes so popular that it is possible for people to accept it as a currency then I think the bank will have to have that service in order to satisfy everyone.What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Banks always againts bitcoin and i think why we should deposit bitcoin on banks if we can open bitcoin wallet for free and easy without monthly fee. Banks maybe accept bitcoin for trading because Investment bank like Goldman Sachs want to open trading desk
I think in future banks become helpless all the people will move to bitcoin no one use banks to store there money and then banks offer to deposit bitcoins. We have to kill banks first
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I think it is very difficult for the bank to accept the bitcoin and it is even harder for them to provide the service so I think it will be hard to come by. But if in the future when bitcoin becomes so popular that it is possible for people to accept it as a currency then I think the bank will have to have that service in order to satisfy everyone.What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I think it is very difficult for the bank to accept the bitcoin and it is even harder for them to provide the service so I think it will be hard to come by. But if in the future when bitcoin becomes so popular that it is possible for people to accept it as a currency then I think the bank will have to have that service in order to satisfy everyone.What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Eventually, banks will have no option but to create bitcoin deposits. Because every business owes it to its customers to adapt to change and work on recent processes that will make for a good experience for the customers. If they don't, others will. And that means a possible run in losses for them.
I have never seen it before, government regulations are very strict and banks also seem unable to adapt to the blockchain system, there will be various problems if banks have two different currency systems, at least they have to go through case studies first. I read that Japan has implemented it, but they preach to the global public with very minimal publications and are not clearly explained.
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I"m not sure if banks realized that bitcoin are not trusting people's deposits because some of the banks holds and it will take them as credits. The government are surpassing the gross income every year so people are not trusting banks due to security.
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I"m not sure if banks realized that bitcoin are not trusting people's deposits because some of the banks holds and it will take them as credits. The government are surpassing the gross income every year so people are not trusting banks due to security.
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
The banks are already under intense pressure as a result of the growing acceptance of Bitcoin and cryptocurrency. In order not to loose out, they may offer Bitcoin deposits in future. What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
They are working on it now, that's why you can buy bitcoin with you credit card. In near future we will have more than that!
I think this might happen in the future because some banks now accept payments and transactions using other bitcoins and altcoins, this will come true.
And the idea might come someday that banks around the world will receive bitcoin deposits in accordance with bank terms and conditions .
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