Topic: Will banks ever offer bitcoin deposits? - page 30. (Read 6383 times)
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.
I've been thinking about that for a while and I think that this is not the worst decision for banks to make because if cryptocurrency will replace the existing economic system they need to do something in order to stay on top.
I'm not sure that this situation is possible. Bitcoin is very poorly suited to formal banking operations. And banks will not spend energy and money on adapting their system.
The clash of both will make it difficult to unite them and for the next few years it will not be easy to happen
This will be good news for the crypto world, but how many of us will choose to deposit in the bank with fixed interest for a year while leaving it in your wallet can give you more profit.
Why would you want to deposit your bitcoins in a bank? What would be the point of this for them or you? I think the people who want to do this are missing the whole point of bitcoin. Bitcoin allows you be your own bank and not having to trust or rely on a third party to look after your money for you, nor do they get to invest your hard earned money whilst paying you pittance in interest.
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.
Are you sure that those banks are really into digital cryptocurrencies now? Well I also have a strong feeling that banks will soon accepting bitcoin and other altcoins as their currencies too. It will surely happen in the near future.
Smart ones will, I'm sure some of them already do! Maybe Japan or S. Korea as most user friendly crypto markets.
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.
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.
It is possible for me the banks to offer this service in the group near the future once Bitcoin is already fully adopted. I think the value of the interest will be be in bitcoin if fiat currency is already not available in the market. 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 what reason not… on the off chance that you can't beat them you should simply to join the bitcoin brotherhood? For the present it's exceptionally hard to anticipate the cost yet once it turns out to be more unsurprising trust me they will be constrained to participate. Additionally the banks are there for clients, so regardless of whether vast extents of clients are bitcoin holders also could move the change despite the fact that change is something difficult to adjust.
Currently there is no bank that offers bitcoin deposit,Most banks today reject the existence of criptocurrency / bitcoin, but I am sure as time goes by the bank will offer bitcoin deposit and receive bitcoin.
I agree with you about the time. It must be a good organized relation about us uses and the Bitcoin system. But I sing the price Falls as a deposit will be too much expensive.
This is something many of us are looking forward to see in the future as the world gradually accepts Btc. This will be a good news to the crypto world though but how many of us will choose to deposit at a bank with a fixed interest over a year while leaving it in your wallet can earn you more profits
I do not know about deposits, but in Ukraine for example there is a state bank - Privatbank. So in this bank bitcoin quotes could be seen earlier on their official website. I do not know if the bank took bitcoins for payment, but I think once they posted a bitcoine rate on their official website, it is likely that soon the bank will start taking bitcoins for payment.
This is a very debatable aspect as we might not know what will happen in the near future, That's how unpredictable the crypto market is, However as time goes by, and the technology is picking up and attracting more attention, you might not know if the banking sector will embrace it, But there is a possibility that they will or risk being faced out
Idk in other countries, but clearly here in my country, that possibility is unlikely to ever exist. The use of currencies other than the rupiah is not permitted and of course the crypto currency including bitcoin will be difficult to accept in official financial institutions.
If Bitcoin ever has suitable rules and other bank relevant options Bitcoin will be accepted by banks. This will take few more months for this kind of offer.
Banks are naturally resistant to it because it acts as competition but eventually they are going to have to accept bitcoin as a form of payment because of market pressures. Banking is extremely competitive and once one bank does something the others have to follow or they risk losing customers.
As i know that bitcoin is one of the enemy of banks in whole world mate.because they are competing into bitcoin through people storing their money into banks and others right now are into bitcoin. Instead of putting their money into banks, they store it into bitcoin wallet which is more reliable to them.
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.
Yeah, it can be but if you look to the situation its quite far from being implemented since banks do regulate fiat currency. Banking system is counterpart of the system where bitcoin ia running. If banks would let that bitcoin deposit, price will be going to quite stable and economic aspect of fiat currency will surely crash. 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.
Yes they will definitely and many banks has already consider doing that for an example : Swiz bank has decide to sell and buy bitcoin for there customers which is a bold move from a banking perspective and a great positive new for the crypto community and bitcoin currency so yes again the banks will allow bitcoin deposits in the near future
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