Topic: Will banks ever offer bitcoin deposits? - page 29. (Read 6383 times)
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.
I haven't found the Bank to be friendly with Bitcoin and want to work together to bolster its own profit without tax.
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.
Well, many industries are planning to adapt in bitcoin and all other cryptocurrencies since the demand is increasing in the market right now. Banks will probably do it too since they know that there is a huge amount of money that is circulating in this industry. I just hope that they won't abuse their financial power to tilt the market like huge interests in lending and very little on savings.
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 banks will let us deposit bitcoin, they will demand another transaction fee so that they can earn profits from it and it will just lessens our savings. It can happen and correct me if it is already happening. It can ensure that bitcoin will be only use in legal businesses but it can also slow down the transaction. May be it will happen years from now since some banking institutions has seen the potential of bitcoin in the market.
I think positively to happen on this, that bitcoin can be deposites in banks that linked to account containing bitcoins. However we should be more productive to be able to make bitcoin popularity at its best to be introduced to the bank that can manage to deposit our bitcoins in it.
I don;t think they will.Bitcoin are stored in personal wallets. who would want it be deposited in a bank where there can be higher possibility of a hack? Bitcoin does not need 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.
This idea is good that Bitcoin allow us to deposit Bitcoin. It can offer banks a great deal with a specific purpose and it can make the security of Bitcoin stronger and it will easier to exchange Bitcoin in real money.
Banks are already creating symbiotic relationships with digital asset exchanges and blockchain networks that utilize cryptocurrencies. Leading cryptocurrency exchange Bittrex announced today that it’s launching fiat trading for Bitcoin, Tether and TrueUSD for corporate clients in California, New York, Washington and Montana.
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.
For me it can really happen in the future and there is no doubt that some big banks will surely offer bitcoin deposits and for me it is really a great idea because we all know that it has big chance that in the future we can really used bitcoin and other crypto as our currency. 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 are not emotional to anything and they thing logically, so if they would have an interest of their own to offer bitcoin depositis than they would not hesitate to do it.
There is a big possibility that the banks may offer bitcoin deposits someday when some countries may take crypto currency seriously. We cannot predict the future, even of some other countries declared it as illegal but there are chances that others may take it as legal one since btc really have a brighter future.
I think as time goes on, there will a period when banks will not have no option than to accept BTC or in general, crypto deposits. A typical incident is what MasterCard is adopting atm. They are allowing both cash are crypto deposit and to be used to make payments in online markets.
reference: https://www.ccn.com/mastercard-wins-a-patent-to-link-cryptocurrency-with-fiat-accounts/amp/
reference: https://www.ccn.com/mastercard-wins-a-patent-to-link-cryptocurrency-with-fiat-accounts/amp/
As of now, it is very impossible to happen but maybe in the future banks will eventually offer bitcoin deposits. Upon reaching the legality of btc the banks will surely offer a new services interms of digital currency.
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 dont think if that would be happen. Maybe it takes time for this to be happen but we hope someday it will happen because it saves time and energy. We hope that bitcoi will be fully develop so that it will be a less hassle for the transaction to everyone. And i think if banks will offer that it will be more secure and protect the money for its easy and convinient transaction.
A ton of organizations currently are receiving this sort of innovation and making benefit since from the specific begin. Perhaps multi day banks will understand the enormous potential and benefit that the Bitcoin and digital currency offers, its simply a question of time before dominant part of them may join the pattern so lets trust so.
Yes they will accepted it as a payment method and system,just like here in my country which is the Philippines our Philippines National Banks was totally looking for a bitcoin and currently many banks here was looking to use a blockchain that can we use for fast transaction.
My answer is yes. Some already accept btc, but some are still in the process of studying the advantages and disadvantages on adding bitcoin on their banking system. For me i agree on this thing, it will be more easier for us bitcoin users to deposits and to withdraw, i think it will be more secure if you store your bitcoin in banks than in online wallets. One of the rules for most banks is not to operate in speculative or unregulated business ventures, until bit coin and crypto currencies fall under some forms of regulation banks will generally avoid or limit their participation in it.
That's true, they invest in stable markets where they can make lots of money. Crypto is to unpredictable.
My quick answer is: probably yes. Why yes? Well, because banks need to adapt to the new technologies, and banks can actually get profit accepting deposit on bitcoin, and from my point of view, it is better for government since this way allows them to know who holds bitcoin. And why not? this answer can apply for the other cryptocurrencies.
You know something as the day advanced day by people is more connected to each other by using many apps. Its all happen because of technology. Technology opens many doors for us as it gives us wisdom.NOW the main thing is that will ever bank our bitcoin so the answer is yes no doubt. There are many developed countries in the world who have to accept bitcoin as a modern currency.
So we see if many countries can allow bitcoin in their countries then soon or later all the countries in the world all accept it. So right now many banks and many countries are not allowed bitcoin because they don’t understand that things one day as days passes they will also depend on cryptocurrencies like bitcoin rather use fiat currencies.
So we see if many countries can allow bitcoin in their countries then soon or later all the countries in the world all accept it. So right now many banks and many countries are not allowed bitcoin because they don’t understand that things one day as days passes they will also depend on cryptocurrencies like bitcoin rather use fiat currencies.
this may place even extra strain on legislators to come up with complete plans for regulating a brand new asset elegance. A bank accepting bitcoin sounds pretty uncommon; but, it makes overall sense when you see it from a purchaser’s angle. as an example, Skandiabanken currently introduced it plans to offer customers the capability to link bank money owed to cryptocurrency holdings.
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