Will banks ever offer bitcoin deposits? - page 47.

bitllionaire

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Quote from: TanteStefana on July 03, 2018, 02:57:37 AM

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.

They can do it, but I think people are not so stupid to count the profit of that. The deposit would have a big commission for the services of the bank. And you would pay twice, not good reason for smart people.

I even think that in current time it is not so easy to happen, i think that it can only be possible when bitcoin become more popular. In fact in most of the places banks do not care about bitcoin because in such places most of the people do not know anything about bitcoin. May be when bitcoin will become more popular then banks will also start thinking about accepting bitcoin.

Chaelbrin

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I cherish keeping my fiat to the banks and they are profiting with it yet in the event that its bitcoin. I don't figure I would benefit this administration however there's a plausibility that it will come and they will focus on those bitcoin financial specialists/holders that doesn't generally comprehend on what bitcoin is, being your own particular bank. They may pull in those sort speculators by saying that their bitcoins will be protected staring them in the face. We know on how the banks are getting along well in profiting.

Hitesh shaveta ohri

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Every business needs to adapt changes and challenges. I thought banks are already finding ways to join their hands with digital currency. and they will surely profit from it.

TanteStefana

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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.

They can do it, but I think people are not so stupid to count the profit of that. The deposit would have a big commission for the services of the bank. And you would pay twice, not good reason for smart people.

Slavyanskiy

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To do this, the main currency must be a cryptocurrency. Then, it is quite possible, banks will begin to give loans and offer deposits in cryptocurrency.

chalbinov

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Rather than accept a volatile cryptocurrency it is very much more likely that things will in the near future start coming out with cryptocurrencies of their own. also it did not come up weather Bitcoin or other cryptocurrencies would be restricted or banned in the banks country of operation or where the bank was established itself. Banks would be by law forced to abide by the laws of that said country. Being that we know that Banks will only tends to enter into certain activities if there is profit for them to be had, if it weren't so volatile, and it were legal for them to deal in, they would be likely to enter into it.

nikonova

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banks will adopt bitcoin if it becomes stable. if bitcoin stays volatile, banks wont ever offers deposits. banks will not gain any profit and surely loose some if the value suddenly drops

Helex

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It seems not possible here in india because indian government will stop all the transaction in bank related to crypto currency on july 5th.

forumsehat

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Yes I really believe that it will be very profitable for the bank, and the bank should be able to take advantage of the currency cryptocurrency, I think that's a very good idea.

Troysen

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iT REMAINS TO BE SEEN HOW THE BANKS RESPOND TO BTC, Most banks see BTC as a competition, a threat to their existnce, as BTC addresses various issues in a manner that they dont, For now i dont see them offering BTC deposius but with time, they may do just that

MommyElsa

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We never know what will happen in the future. As of now the bank doesn't accept btc deposits but let us wait for more years when bitcoin becomes legal. I hope that banks will open their doors about btc.

cryptostardom

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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.
[/quotes]
Some Banks have started to offer few Bitcoin services to their customers. But I haven't heard of any bank offering deposits yet.
We're not too far behind though since many new projects are incorporating transaction of traditional banking systems into their projects with Blockchain underlying the project. So mergings could arise very soon.

DreezHoly

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IT remains to be seen, how the bank will respond to Bitcoins,but as far as im concerned, the banks vie Bitcoins as a threat to their existence, or maybe even a competition as BTC tends to solve a number of problems the banks aren't addressing well, In the long run however, i think that the banks will have no option But to offer BitcoiN deposits as they will have no option, This depends on the number of people who will have embraced BTC

MiningSensei

hero member

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It is unlikely going to happen anytime soon, i really doubt that it will happen because banks have never liked bitcoin so far, so, i think that if it ever happens, it will be on a few years from now

Images21

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I surmise this will happen very soon. Perhaps in a year or two from now. The banks are always after the money. For as long as the money falls within the legit classification they might grab such opportunities. This will happen once Bitcoin gets legally accepted and regulated in different countries and the income coming from them will be considered clean.

hhussain

newbie

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Bitcoin is already accepted as a form of deposits by Germany and south korea, and is used in financial transaction in many commerce activities of these countries it is hard today that this trend will continue for USA since its economy will be affected greatly by bitcoin acceptance but the rest of the world is a yes overtime.

cuteboy2016k

newbie

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I don't think bank will accept bitcoin deposit, because bitcoin direct deposit is very difficulty to track the transactions and never can find out, for future bitcoin will be change in the market economy so it will be very difficult to accept banks,may be if lot of support for bitcoin from the world in near future bank will accept bitcoin transactions.

spadaccino

jr. member

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Let's hope so - I see a bright future if everyone will support the projext - however I do not think banks and BTC will ever cross their path because Bitcoin was originally thought to go against corporation and central authorities

But maybe I only got wrong and that will be possible.
Let's talk in green period then

jchav010101

newbie

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Banks are always afraid of bitcoin due to it high volatility and it's ability not to be controlled by any third part in doing it transactions.Bank will never allow bitcoin transactions or deposits because they may stand to lose when price of bitcoin falls because bitcoin has no stable or fixed price.Banks seem to be hostile towards bitcoin since of course.It goes against what they are about.Some banks even prohibit debit transactions with crypto.

kingdom2710

newbie

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This is unnecessary, as this has blocked the blockchain. It will not be profitable but safer. I do not believe in a bank, because my government has issued a decree authorizing bankruptcy, and compensated the depositor for $ 3,000. Even if they send $ 1 billion

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