I don't think this is ever going to happen. Maybe in the far future when all payments go crypto there may be a different kinds of "banks" we can't even imagine, offering all kinds of services we can't even think of right now. But traditional banks as we know them will not give you interest from keeping hands on your coins.
Topic: Will banks ever offer bitcoin deposits? - page 49. (Read 6383 times)
why not, everything is possible under the sun we see now. Looking at the trend that bitcoin is going it is likely to accepted in banks. It is a matter of time and change. Although it will not happen over night, since change is a gradual process. Lets cross our feet and wait patiently while our mother coin performs it magics again and again.
Bitcoin will be more risk for bank and could be again with bank, but until now bank given way for deposit money to buy bitcoin or invest on altcoin. Some day when many people using bitcoin bank will think one more time for allowed deposit money by bank. Maybe will stop for deposit money by using bank and we can’t buy bitcoin by cash money. We have looking another way to deposit our money to buy bitcoin.
No I have never seen any banks offer bitcoin deposits if there is also a definite fraud because if there is a certain government also will not prohibit its citizens to use cryptocurrency and until now also the government still strictly prohibits its citizens to use crypto because according to them it is too risky for them
I think it's possible in a few years, not now because it's hard to change the traditional system of standards. People need to adjust to this idea. If one day bitcoin usage continues to increase and daily transaction volume reaches hundreds of billions then chances are banks will soon open a deposit for bitcoin. If they choose to launch their own tokens, they should provide an opportunity to convert existing cryptoes into, at least.
Very soon we will see people spending bitcoin everywhere in malls, banks, hotels and restaurants etc. Because coming time will be an era of bitcoin, we will see bitcoin ruling the world and people will get profit form it.
"Japanese banks are already working on creating their own cryptocurrency called the J-Coin. As the Financial Times reports, Mizuho Financial Group and Japan Post Bank earned support from the country’s central bank and financial regulator to launch the project. The coin is designed to be pegged to the yen and easy to spend in stores via smartphones. Mitsubishi UFJ Financial Group, one of the largest bank in the works, is planning a rival cryptocurrency, MUFG Coin, for 2019."
You can find more details here : https://dailyhodl.com/2018/05/31/when-will-banking-giants-start-accepting-bitcoin-and-cryptocurrency-deposits/
"Japanese banks are already working on creating their own cryptocurrency called the J-Coin. As the Financial Times reports, Mizuho Financial Group and Japan Post Bank earned support from the country’s central bank and financial regulator to launch the project. The coin is designed to be pegged to the yen and easy to spend in stores via smartphones. Mitsubishi UFJ Financial Group, one of the largest bank in the works, is planning a rival cryptocurrency, MUFG Coin, for 2019."
You can find more details here : https://dailyhodl.com/2018/05/31/when-will-banking-giants-start-accepting-bitcoin-and-cryptocurrency-deposits/
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 will definitely do that for sure even if it is very risky because thi will gain more profit that real money 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 we are expecting banks to start accepting bitcoin deposit it means we do not know what blockchain technology is all about. Blockchain technology is superior to our traditional banking system. I am expecting the banks to incorporate blockchain technology in order to move with the trend of technological advancement.
Because of bitcoin or any crypto currency has no any governing body or any regulation, banks will never accept the crypto currencies as it is. However if there is any governing method with addressing anonymity issue, then banks can accept without any legal issue.
If this happens, it is certain that the bank's investors will lose because they are transferring everything to invest in bitcoins. But one of the great things they can earn here is especially for fees and of course the bank is legal and many processes are sure that all our income is tax. And that's the best thing to do because our economy will grow
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's okay to get the most of the profits. Banks are no exception. They will really try to get as much profit as possible even if it is actually from the air 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.
The big issue that banks and brokers have with bitcoin is the anonymity. Banks and brokers must adhere to strict AML and KYC rules. This means that they must confirm and validate the identity of the individuals. They also must verify the source of funds.
https://forexmarketslive.com/challenges-for-fx-brokers-looking-to-accept-bitcoin/
https://forexmarketslive.com/challenges-for-fx-brokers-looking-to-accept-bitcoin/
There are ICO projects now offering you to let you store your coins safely and that is not something really good since it is just like the same digital wallet and i do not know what is the difference of their project to what they are offering. Anyway bank will not accept bitcoin since they are used to accept centralized currency and it is more secure than bitcoin since it has digital wallet that could be break in to someone who are good in its technicalities.
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.
Every possibility might be happen, and so does with deposits that offered by official banks. But, for now, i think it could not be happen, because like we all already know the price of bitcoin is still very unstable. But, we don't know in the future it will be great if banks also offering bitcoin deposits. 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 both fix the system then can complement each other, it is possible. Japan banks are offering loans interest and retirement plans with bitcoin it is positive move in cryptocurrency industry
Banks can not do that, I can not be sure who is the lucky one. If the price increases, the bank will make a big profit but if the price drops, customers will have big profits. So far, I have never heard of a bank offering a bitcoin deposit base.
The volatility in the market of crypto currency will decrease with time.I think banks never offer bitcoin despoit in their service, because if this happens I think bank is not kingdom regulations.
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.
It will be risky but I can see that some banks will really take a shot for it. But it will be hard to imagine how it will be profitable for both of the client and the bank like the division of earnings. Knowing some banks, they will just might abuse the fluctuations and let the client suffer the droppings.
Here in our country there is no banks accepting bitcoin deposit. And bank don't recognize bitcoin as a currency. I think they don't like bitcoin. And they have no plan to accept it.
if banks will see a profit and interest in offering bitcoin deposits than there is not any reason why not to offer btc deposits.
Jump to: