Will banks ever offer bitcoin deposits? - page 39.

EVOS

newbie

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Quote from: shield132 on April 26, 2018, 10:20:04 AM

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 mean is the Bitcoin Savings Program at the Bank?
If that happens, if any bank decides to make the Bitcoin Saving Program it will definitely have an impact on bitcoin prices and bitcoin development will be great.

Ezenwanyi

copper member

Activity: 336

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I think for the fact that bitcoin is the future,banks would not want to drag behind in adopting bitcoin .
Sooner than later , banks will start accepting bitcoin deposits and advancing loans to customers who need it in bitcoin too.

maitexisi

jr. member

Activity: 146

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I don't think Banks will provide bitcoin deposits, because we all know that bitcoin and Banks are competitors to each other.

Maybe in the future, when more people will recognize bitcoin, maybe the Banks will recognize bitcoin.

Turkish88

full member

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Why not when banks find the way control their risks they start working with bitcoin.
Blockchain not gone now i think

Ryshelrayne

newbie

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Not in the near future. Right now banks are making a lot of money from you with little risk. But if bitcoin becomes more acceptable means of transaction then the banks will have no choice but to adapt.

strideynet

sr. member

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I know that several banks and institutions already accept deposits in bitcoin, or plan to accept. of course, there will be no turnover among ordinary people, but everything goes to this.

Ondre

jr. member

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https://i.imgur.com/iwknjIj.png

I think so, when cashless banking be. But i think it will take long yet cause many people doesn’t know Bitcoin and crypto yet. But when time comes definitely Bitcoin will be first to accept in the bank.

mistanama

sr. member

Activity: 327

Merit: 250

Quote from: shield132 on April 26, 2018, 10:20:04 AM

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.

If the bank does that it will definitely be a huge profit they will receive and many clients will have confidence in them, especially if they accept the deposit of bitcoin. Surely many people will also have the interest in bitcoin to invest.

classictee

jr. member

Activity: 238

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https://eloncity.io/

This wont happen because there is different between virtual currenccies and fiat currency, virtual currenccies cant be hold and thats the reason the deposit wont be possible..

popsywura

jr. member

Activity: 112

Merit: 1

The constant things in this life is change, I believe time will come banks will see the adoption of bitcoin as part of their plans. It might come as accepting is as form of deposit as you suggest or as a form of exchange to fiat currency as some exchangers do now. Time will surely tell.

Hulh

newbie

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Quote from: lehamay on May 26, 2018, 01:53:28 AM

Maybe one day banks will realize the big potential and profit that the Bitcoin and cryptocurrency offers. Banks can provide services for converting crypto currency, while having their interest from each such operation.

Probably all the banks now specially commercial banks are working right now to cater the cryptocurrency. Bitcoin is very known now ,even they haven't acknowledge in public they already planning to have a bitcoin deposits and withdrawals in due time .

taeewo

full member

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Yes this can happen and its achievable with the support of the central bank and the government of each countries and if this will happen they must be regulations...

Ryanpaul80

newbie

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There is zero possibility that the banks will ever let the bitcoin deposits nor offer bitcoin deposits. First, the banks and government didn’t like the idea of bitcoin.

agentdavid007

newbie

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What cryptocurrencies want is ending with the banking system, so i don't think banks will ever accept cryptocurrency deposits

ay0d1

newbie

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As time progresses Banks in many countries will start to accept bitcion and possibly be another medium of mini or alternative crytoExchanges. Some of the banks will soon start to issue their own coins or token to raise funds from public all these is just a matter of time.

skibikipapa69

newbie

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As far as I know many banks have started to accept bitcoin already. For example I heard there are a lot of banks that has started to accept bitcoin in the Philippines. With bitcoin becoming more and more popular and mainstream, sooner or later banks will have no choice but to accept and adapt to these changes in order to stay relevant.

ridho002

full member

Activity: 340

Merit: 100

Quote from: bololord on July 12, 2018, 11:19:34 PM

Quote from: shield132 on April 26, 2018, 10:20:04 AM

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.

Some bank officials in my country have already express support on the use of cryptocurrencies but there is still no plans to open a deposit for a cryptocurrency. A law might still be needed to enact first before government gives approval to any bank that wanted to allow a bitcoin deposit.

If the banks in your country are very supportive with the existence of Bitcoin it will be very good than in some countries that don't support Bitcoin. I'm very waiting for that to happen in my country.

ParveZ219

member

Activity: 336

Merit: 10

Quote from: shield132 on April 26, 2018, 10:20:04 AM

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.

Yes ofcourse bank will offer after it is being unbanned or legal in your country...The problem is that bitcoin is not too much stable and its too much volatile...And the main thing bitcoin is transacted mainly for trading and some illegal purposes...This is the fear or reason behind the banks or Government for not allowing bitcoin or making it legal.

avoxosuccesful

jr. member

Activity: 252

Merit: 3

Bitcoin will be more negative impact for bank by store their cash with bank to contribute on bitcoin, numerous speculator store their cash by bank to purchase and contribute on bitcoin will be less cash save money on bank book, numerous individual from bank more like to spare their cash by contribute on bitcoin than we have save money on bank. Since sparing cash on bank a similar sum first we spare until a couple of years, however will be more increment we keep and contribute cash by bitcoin venture in light of the fact that bitcoin cost will grow up step by step and more most noteworthy when we keep until one years more. however, I don't think brokers are will permit that. Bitcoin represents an immediate danger to the specific presence of Bitcoins. Investors will restrict Bitcoin and other digital forms of money, for example, Ethereum for a long time to come.

james_Oscar1

newbie

Activity: 69

Merit: 0

I think this is impossible, because the importance of banks in this is completely absent! Moreover, I don't know which will override the other if these bodies are to come together and work as one piece. Bitcoin is decentralized while the banks are centralized.

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