Topic: Will banks ever offer bitcoin deposits? - page 2. (Read 6383 times)
You should understand that soon there will be nothing like bank, soon everything will be decentralized, the world itself will get decentralized, bank face off, cryptocurrency take over
If the majority of countries in the world accept Bitcoin as an international currency in the near future, large and large banks will have no choice but to offer bitcoin deposits.
Bitcoin is a currency that has always struggled to break into the mainstream. This will place even more pressure on legislators to come up with comprehensive plans for regulating a new asset class.There are partnerships already using the blockchain in financials and remittances and its a matter of time or some are in testing phase already, we will seeing its implementation.
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.
Well it would be hard to do cause bank need to lend bitcoin to gain a profit from doing deposit, and thats how bank got a money and pay interest for deposit. I dont think bitcoin could become lending instruments and even though its possible but its not really good as a loan. I dont even think people would want to borrow bitcoin for their businesses cause its too risky. With high volatility it would be impossible for bank to offer bitcoin deposits but i do think custody services would be possible and that will be good for bank to do it. 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.
There are a lot of possibilities in the new world we find ourselves living in right now. Technology advancement has made everything in this world very possible, i will not be surprised with banks are established specifically for cryptocurrencies.
This question is depends on what will actually happen in the future. I guess that it might be it. The banks might do it but I think it might not. That's the difference. It is whether the bank's choice to do it or not. It is up to them.
At the moment I don't think it's possible because the system is different between banks and bitcoin. Someday in the future it may be because the change is certain to occur, both bitcoin is synchronized with the banking system or banking that adjusts to the way bitcoin works. Who knows? Because technology always develops in line with human needs that want to be easy, cheap and safe. 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 think this idea will happen soon, because if banks really wants to stay in the industry and wants to stay existing then it should adapt into what's currently new or what would be the trend, i think sooner or later, many people will earn bitcoin so they will need a place to deposit it, and it will be the banks.
banks can offer and work with bitcoin if someone take the risks of price falling.
Banks activity connected insurance
Banks activity connected insurance
in my opinion it is something that is impossible. because banks are very contrary to bitcoin and banks also oppose it a lot. because maybe the bank will lose a lot of its function and be defeated by the bitcoin system which is easier and more practical in its users so that it becomes one of the main alternatives in making all online transactions
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.
However banks will not switch to bitcoin only. It can be an advantage to the banks since there are many bitcoin users around the globe. There are some banks who are already accepting bitcoins deposits
I think bank will not accept bitcoin to deposit. There are several disadvantages of bitcoin. The rate of bitcoin change frequently which will create problem.
Banks in any case will not switch to Bitcoin. One of the advantages of currency is "incognito". So the Bank immediately you can remove. Banks are regulated by the state and without the identification of a person, he simply will not open an account. And no account - no currency.
this is likely to happen with the influx of financial sector projects on the blockhain.
Most likely it will be a common practice in a few years. Just the growth of Bitcoin will not be so rapid. Even now there are already banks that accept deposits in Bitcoin. These banks are located in Switzerland.
This question is depends on what will actually happen in the future. I guess that it might be it. The banks might do it but I think it might not. That's the difference. It is whether the bank's choice to do it or not. It is up to them.
Yeah this will all be base how the banks will accept bitcoin deposits and how they can be able to avoid great loss because of the very unstable price of bitcoin.
This is unnecessary, as this has blocked the blockchain. It will not be profitable but safer. I do not believe in a bank, because my government has issued a decree authorizing bankruptcy, and compensated the depositor for $ 3,000. Even if they send $ 1 billion
I think they might attract investors of this type by saying that their bitcoin will be safe in their hands. We know how banks do well in making money.
I like to deposit my fiat to the bank and they make money with it but if it's bitcoin. I don't think I will take advantage of this service but there is a possibility that it will come and they will target bitcoin investors / holders who don't really understand what bitcoin is, being your own bank.
This question is depends on what will actually happen in the future. I guess that it might be it. The banks might do it but I think it might not. That's the difference. It is whether the bank's choice to do it or not. It is up to them.
For me a time will come when bank will have no other option than to accept bitcoin deposit in their bank. There is a saying that state "if you can't bit them you join them. So since they are not able to break it they will accept it as deposit. Now it is already accepted in some 🏧 so it will soon move inside the bank
Maybe or maybe not. No one can predict what will happen with Bitcoin in the future. It could either succeed as a mainstream cryptocurrency for frictionless payments, or it could fail. If it succeeds, then everyone would become interested in owning a piece of the pie. It has been shown that Banks and Governments are interested in Bitcoin's revolutionary technology. Since Bitcoin is considered by many as the successor of Gold, then there could exist a possibility of Banks offering Bitcoin deposits to its customers.
But, there is the concern that if Bitcoin becomes too big to fail, Banks will envy its existence and will try to do anything at their disposal to destroy it. They will see Bitcoin as a real threat to their existence, as it provides borderless payments to everyone around the world without the need to worry about middleman.
All in all, if Bitcoin becomes accepted at Banks worldwide, it'll be huge, as the original cryptocurrency becomes one step closer to mainstream adoption.
Banks offering bitcoin deposits is not a necessary product
I think maybe, one day BTC will become stable and predictive so banks can use such opportunities. I'm not sure how fast it can happen.
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