Topic: Will banks ever offer bitcoin deposits? - page 18. (Read 6383 times)
I think,when bank accept bitcoin it means that bitcoin consider as a fiat although bitcoin is an asset not fiat.Banks and cryptocurrencies work on two different yet conflicting principles, centralization and decentralization irrespectively.
I don't think it's possible because many countries have banned the use of bitcoin so banks must also follow the regulations made by the state about bitcoin banning
Let's imagine the most riskiest money deposit situation will this moment ever come and banks decide to offer us bitcoin deposits , this can be very very profitable for banks if they make correct decisions offer of holds on their wallet.
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 the bank will not take big risks, because it involves customer funds, and the problem is that bitcoin is not supported by the government, prices are unstable, and there is no physical guarantee. so banks can't offer someone a loan to invest in bitcoin 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 bank allowing bitcoin will never happen because those two are different individuals, crypto is a big threat and it will ruin the global banking system. I'm curious to know how much infrastructure banks would need to build in order to facilitate total crypto integration. We know on how the banks are getting along well in profiting.
For now, it is imposible that the bank will offer a btc deposits but maybe in the future. Since btc is not that stable for now, i dont think that the bank will offer such service.
As far as bitcoin remains decentralized I don't believe Banks will have something to do with it deposits. Is not that banks don't know the profits in bitcoin and other Cryptocurrencies but the risk attached to this investment is 100% high. Bitcoin has no transaction trace like bank accounts which means any fraud carried out with Cryptocurrencies is automatically success no one to be hold responsible. That's why I don't see bitcoin as what banks will ever accept fully.
I'm not too sure if the bank will provide this service, because the bank also has its own assets and may be defeated by bitcoin if this happens. In addition, the bank also does not support decentralize the system that has become the main system of bitcoin so far, I personally still support this bitcoin system without the intervention of the bank or government.
Banks are always afraid of bitcoin due to it high volatility and it's ability not to be controlled by any third part in doing it transactions.
I love depositing my fiat to the banks and they are making money with it but if its bitcoin. I don't think I would avail this service but there's a possibility that it will come and they will be targeting those bitcoin investors/holders that doesn't really understand on what bitcoin is, being your own bank. They might attract those type investors by saying that their bitcoins will be safe on their hands. We know on how the banks are doing well in making money.
I think it is not will happen because it's very risky but if bitcoin has been received all over the world and has a steady increase and decrease in prices then that banks will offer bitcoin deposits can happen
I cherish saving my fiat to the banks and they are profiting with it however in the event that its bitcoin. I don't figure I would benefit this administration however there's a plausibility that it will come and they will focus on those bitcoin financial specialists/holders that doesn't generally comprehend on what bitcoin is, being your own particular bank. They may draw in those sort financial specialists by saying that their bitcoins will be protected staring them in the face. We know on how the banks are getting along well in profiting.
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 this is possible because banks are desperate need to have something like this in order to stay up on the top in the world. If cryptocurrency will take over the clients of Banks they certainly need to have something really significant to stay on top. 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.
Certainly they can, when bitcoin is globally accepted and embrace as the main international. will not have any option than to start offering bitcoin deposit.
If SEC approves ETF for Bitcoin, then banks will be able to participate in its turnover and thus contribute to its growth.
maybe the Bank will not accept bitcoin. Because banks want to make more profits. If the bank accepts bitcoin, the profit will decrease. and there are many differences between bitcoin and banks.
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.
if all benefits us and we can work with banks to need each other and give goodness why we don't do as long as the bank provides the best service and does not harm us.
well it depends on the country but If you're based in a country that still treats cryptos with suspicion, many choose to solider on and make use of both centralized and decentralized exchanges to purchase and trade cryptos while running the risk of retribution from their banking services provider
Surely the government is devising a crypytocurrency system but I think bank allowing bitcoin will never happen because those two are different individuals, crypto is a big threat and it will ruin the global banking system.
It’s only a matter of time before some banks will offer Bitcoins accounts. And I also think that they will let you deposit Bitcoins for security, and then hold your Bitcoins while you lend fiat from them.
Some countries are already ´working on their own national crypto currency, and that crypto’s will be fully integrated into the banking system.
Some countries are already ´working on their own national crypto currency, and that crypto’s will be fully integrated into the banking system.
It's true that countries from around the world are already devising their own cryptocurrency. But, I don't think that banks will ever offer Bitcoin deposits to its customers, because the cryptocurrency is more of a threat to the current banking system rather than anything else. It was designed to eliminate the middleman; thus, banks would not want to deal with a currency which gives control to all the people of the world.
Regulations for diverse governments across the world are slowly coming into effect, but it would be surprising if they'd legalize Bitcoin for usage in the banking sector. It's still the day that we're yet to see the world's first cryptocurrency bank if there's enough interest for this to become a reality. All in all, I guess that if banks don't offer Bitcoin for deposits, it'll be fine since it was designed for people to become their own bank.
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