And you? And I have found a really safe application. It calls Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level. 
Topic: Will banks ever offer bitcoin deposits? - page 25. (Read 6383 times)
I do not think so but I think that banks will invest in some Token Sale projects and will support it how they have done with interesting startups And you? And I have found a really safe application. It calls Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level.
And you? And I have found a really safe application. It calls Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level.
I don't think so. Banks hates cryptos because they are afraid of it.
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 I am going to compare into our time or generation I think, none of the for now won't do it, but the trend can't be stop and
controlled so probably in the near future banks will accept the fact, whether they like it or not where if they can't beat them of c
course they must join them.
exactly as of now there is no other way of this can be happen or any proofs that it may be but believe it or for more coming years on bitcoin there is some chances that this can be happen well we should wait for this yet.
No matter how volatile is Bitcoin, the Banks shall definitely be earning more rewards at the detriment of all their customers, leaving you to virtually very little or nothing if such situation could arise, of which Banks would also subscribe to this idea if well implemented,. But I'm also sure they would not do so this time around since the economy is yet to accept the operation of Bitcoin in most of the worldly economies due to its deregulation and decentralization.
I think it will not occur because it has exclusive cutting-edge in the event that they happen? it is going to be manipulated and clean to govern by using financial institution . So its correct to install pockets and wait till the charges will upward push and promote it in an inexpensive charge.
As there is no physical existance of bitcoin like flat currency. So no bank will ever offer such type of currency. The trade in international market is in physical currency. All deposit and every banking is done in flat currency. In future it is pridictable that may some bank offer.
Generally , bank direct not deal with bitcoin but, Here is best option right now for large amount.
First , depositing your Bitcoin or Ethereum in a crypto exchange and sell it for your currencies or your Bitcoin into fiat and then wire transfer that fiat out to your bank account.
First , depositing your Bitcoin or Ethereum in a crypto exchange and sell it for your currencies or your Bitcoin into fiat and then wire transfer that fiat out to your bank account.
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
Most banks don't.
But most second level banks are starting to like Fidelity or PayPal and other payment provider allow for Bitcoin payments.
At this point withdrawing Bitcoin for an ATM is your best bet or using a credit card connected to a Bitcoin wallet.
Your last option is depositing your Bitcoin in a crypto exchange see your Bitcoin into fiat and then wire transfer that fiat out to your bank account. This is your best option right now for larger amounts.
But most second level banks are starting to like Fidelity or PayPal and other payment provider allow for Bitcoin payments.
At this point withdrawing Bitcoin for an ATM is your best bet or using a credit card connected to a Bitcoin wallet.
Your last option is depositing your Bitcoin in a crypto exchange see your Bitcoin into fiat and then wire transfer that fiat out to your bank account. This is your best option right now for larger amounts.
It could be, if bitcoin would be worldwide accepted or at least most of the countries will accept it because for now banks are not recognising bitcoin as a serious threat for their business.
It all depends on the level of demand Bitcoin would get, for banks to adopt it as a currency for deposits. Regulations also play a key factor, especially when a currency like Bitcoin is not backed by a government. Most banks seem to look at Bitcoin as a serious threat to their business model. As such, the probability of a bank to adopt Bitcoin for deposits would be very minimal.
But, if we get to see a bank in the future where it could accept Bitcoin for deposits, then I'm sure that it would be very beneficial for the cryptocurrency's mainstream adoption by people around the world. A CD, or an IRA bank account based on your Bitcoin savings would be neat, in my opinion, since people would be able to get the same benefits as fiat currency, but with a cryptocurrency that's bound to increase in value over time. Maybe this might become a reality in the future, or maybe not. What's most important is, that Bitcoin was designed with the purpose to eliminate the middleman, which in effect defeats the whole purpose of a bank. Therefore, you as a user are your own bank since you control your Bitcoin balances with the corresponding key pairs.
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 I am going to compare into our time or generation I think, none of the for now won't do it, but the trend can't be stop and
controlled so probably in the near future banks will accept the fact, whether they like it or not where if they can't beat them of c
course they must join them.
I think by the time when all rules and regulation will be their then bitcoin deposits in banks would be possible and will be big news and the peoples will find it very good to invest in bitcoin and get profit.
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.
We all know that bitcoin has always been in controversy because of its volatile nature and because of this only its valuation keeps on flactuation and this is the most prominent reason why bitcoin has been a point of discussion everywhere therefore most of the countries has not legalising bitcoin in their nation so for now it is the point of topic that whether countries will legalise it or not so the introduction of bitcoin in bank is the secondary . 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 have not heard of any banks planning to do that but because the mire states accept and use bitcoin, they will have no choice but to accept the bitcoin deposit because the fiat is usually accepted. by those who accept it. If they decide to switch to a specific medium, I think that would be a problem for banks.
In this generation, nothing is ever impossible with the economy. There is always a possibility to banks offering bitcoin deposits. In some countries, there are bitcoin machines for withdrawals. So if it will be spreading to other countries, the banks may be pressured to offer deposits. Bitcoin is almost accepted everywhere so there's always a chance for anything.
Banks will eventually do the same what Telecommunication companies are doing right now by providing internet services as there is no longer use of call and sms packages because of whatsapp and facebook. same will be the case with banks. if they are not gonna offer bitcoin deposits, they will ultimately do something to provide services related to bitcoins.
If bnaks will create BTC deposits, should they make BTC loans? I don't know how it can be possible. I think BTC holders don't trust banks coz banks are always means some regulations.
Well, maybe the banks try to study and plan all of this and think how it will be profitable for them and to all of us also, if this happen then it would be easier for us now to make transactions with the bank.
In my opinion, there is not any bank that can accept BTC deposits and BTC loans, because BTC is quite risky and price is unstable. In my opinion the crypto market for freedom should not bind anything.
Yeah I heard some of the banks in other countries are already accepting bitcoin deposits and they also investing it to other. But there are some countries also that they did not support and implementing bitcoin transactions in their banks.
It is necessary for all of us said all countries in the world must accept Bitcoin if you want to get a deposit from any bank. But I still believe that deposits will be not profitable for you.
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 banks will accept bitcoin because this is the very reason they were against it. They cannot control it, they cannot hold it and they seem not sure about it. And the price for that deposit will be big. 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.
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