Topic: Will banks ever offer bitcoin deposits? - page 20. (Read 6383 times)
I don't think that can ever be actualized going by series of news and law flying around against bitcoin, SEC regulations and many more.
Well, I don't think it will be a great idea, Bitcoin it self can perform any transactions online. Online wallet is enough to store our bitcoins, if we go through the banks it will be more complicated because of its volatility. Therefore, banks will never offer bitcoin deposits I guess.
I think banks will never offer bitcoin deposits. Because they don't like cryptocurrency. And banks don't enter a risky thing like bitcoin.
commercial banks dont accept bitcoin for now, They trade/transact in government backed fiat currencies only. Although Bitcoin is a legal payment tender in some countries. Your traditional banks do not directly deal with Bitcoin. There might be some intermediary who convert Bitcoin to local currency and vice versa. But with time i see a development towards this.
Well, that's right. Bitcoin is just for online business. Bitcoin is different from commercial banks because they really accept real money/fiats and not bitcoin. Bitcoin is just a digital currency, Banks need an actual money. Maybe they should accept it soon but not for now. Remittance centers are now accepting bitcoins. Here in the Philippines, there are some remittance centers that are ables you to withdraw your bitcoin through these remittance centers and it is nice to hear this. But, I hope that banks will do the same soon.
I believe the bank will provide this kind of service. It will be like a prisoner that is similar to what coinbase does. So I think anything can happen and I really think the bank will do it if the crypto market gets bigger.
Yes, most likely will be. Bitcoin provides big problems for banks ... so just to continue their existence will have to deal with the provision of similar services
commercial banks dont accept bitcoin for now, They trade/transact in government backed fiat currencies only. Although Bitcoin is a legal payment tender in some countries. Your traditional banks do not directly deal with Bitcoin. There might be some intermediary who convert Bitcoin to local currency and vice versa. But with time i see a development towards this.
I believe it would happen in future. Bank suppose go provide financial support for people. If cryptocurrency do become our financial instrument i believe bank will provide this kind of services. It would be like a custody that similar to what coinbase are doing. So i do think anything could happen and i absolutely think bank would do it if crypto market get bigger.
What if you give your coins to bank and they cannot give back your coins after a big price rise?
Your wallet is your bank. It's the best place for storing your bitcoins.
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 don't think it can be real thing in the future. Because you how banks are controlled by government and the system want to know who you are and how many money you have. Which going are still opposite to 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.
If the banks decided to offer bitcoin deposits, it would theoretically create a profitability banks could leverage into crypto with. Eventually they could become so powerful that they control a major aspect to rules and requirements across the entire industry, maybe even evolving the standards and practices. I'm curious to know how much infrastructure banks would need to build in order to facilitate total crypto integration.
I'm convinced banks will offer Bitcoin connected services and in not so distant future. Their first interest is money and how to make as much profit as possible. If Bitcoin will help them with that they will embrace it.
At this stage they are still testing such possibilities and lack of regulation is one of the obstacles but I'm sure this will change for better soon.
At this stage they are still testing such possibilities and lack of regulation is one of the obstacles but I'm sure this will change for better soon.
I believe it would happen in future. Bank suppose go provide financial support for people. If cryptocurrency do become our financial instrument i believe bank will provide this kind of services. It would be like a custody that similar to what coinbase are doing. So i do think anything could happen and i absolutely think bank would do it if crypto market get bigger.
It could happen. as long as their own government accept the fact that bitcoin is just a digital coin. otherwise bitcoin was used for transaction already around the world and even the investors was using it in their own purposes. but for me what would the banks will do if the price market value of bitcoin become worst again just like what is happening now. what would be the solution from it, in fact they should always be ready for that happenings, but i think if the bitcoin comeback to its own price and get even more higher it would be a big surprise and i think the banks who has bitcoin deposits will be famous and a lot of people will register or invest rather to them.
If banks will offer this kind of bitcoin deposit services than banks can make huge profits also peoples who don't want to take risk in trading and wanna secure their capital then they will invest in Bitcoin F.D. schemes and can take particular return on their investment. definitely all countries Governments should think about bitcoin regulation and use it in banking system.
If a conventional bank can make the right rules for customers and the bank, I think the bank can start the step of offering deposits for bitcoin holders. But now bitcoin prices are still fluctuating, so I think banks are still hesitant to apply the step of offering bitcoin deposits.
Actually, it's been happening in some countries, but has not been generally accepted, but in more years time, I think it could have reached like 80% all over the country... Through bitcoin deposit it will be of a great advantage... To those bank
Even if bank offer bitcoin deposits, people won't even deposit their bitcoin in banks because they will be afraid of banks giving them stories. Bitcoin is actually safer in our Wallet.
I think yes, but not too soon. Some of the banks are not that confident when it comes to blockchain topic. Hackers are out there and banks are not ready to face that kind of security breach as of the moment they have to study the technology for them to accept the and allow their corporations to offer bitcoin deposits.
Yes! it might be possible because technology is changing and bitcoin is also technology revolution. This may also make revolution in banking sector too.
This question is contrary.
Let me explain:
The sole purpose of bitcoin is to promote decentralisation.
So why should one look for Banks to have bitcoin deposits.
I hope you get my point.
Let me explain:
The sole purpose of bitcoin is to promote decentralisation.
So why should one look for Banks to have bitcoin deposits.
I hope you get my point.
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