Will banks ever offer bitcoin deposits? - page 56.

ityandsyn

member

Activity: 490

Merit: 11

Quote from: shield132 on April 26, 2018, 11:20:04 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.

I think we don't need to deposit our coins in the banks because all money in the bank are monitored by the governments and subject for tax, so it's wasting of money and time during making deposits, what we really need is a safe wallet for our coins, and also banking is more in centralized system which is very opposite to our cryptocurrency.

Sir Paijoe

sr. member

Activity: 574

Merit: 251

If one day the use of bitcoin increases and marketcap reaches more than $ 100 trillion then it is certain that banks will soon receive bitcoin, it is difficult for banks to resist bitcoin because everyone is using bitcoin.

vodkal

newbie

Activity: 109

Merit: 0

I dont think its in their plan. Dont expect thats banks will open the door to cryptos, unless of course if its become so popular and regulated.
Untill now I don't see how banks and financial organisms can integrate Cryptos currencies in their businesses. And be sure if on day it happen, taxes will be so high.

emezh10

hero member

Activity: 826

Merit: 501

Quote from: ecnalubma on April 26, 2018, 12:06:43 PM

A lot of companies now are adopting this kind of technology and making profit since from the very start. Maybe one day banks will realize the big potential and profit that the Bitcoin and cryptocurrency offers, its just a matter of time before majority of them may join the trend so lets hope so.

It is quite noticeable for us to see the support of both users and business on the system of bitcoin where they are open on accepting it on transaction and investment for the future. So it is not surprisingly to have bitcoin on banking where it could provide better experience on bank transactions and investment for the future that we could in the future.

bright4mech

member

Activity: 588

Merit: 18

Bitcoin is a Crypto currency that acceptable so many places as online payment, which many industries and personal office are still recommend bitcoin as a means of deposit. Therefore, just a matter of time, Bank we implement the bitcoin deposit department.

Deewhy50

copper member

Activity: 99

Merit: 1

looking into this, even though bitcoin is the highest cryptocurrency exchange, i dont think banks will offer bitcoin deposits deu to its a digital currency.
if anything similar to this will happen it won't happen in the next 3years i guess

semar nyengir

newbie

Activity: 113

Merit: 0

I do not think banks will ever agree to offer cryptocurrency to its customers. Banks are not there to make money for you, not for themselves. They may find out how to use blockchain and offer some notes service crypto here. Bitcoin is like a competition for them and besides why banks offer you a lot of interest like bitcoin. Because someone has ever earned a single digit to just save with them than they find a way to reduce your ownership.

jeffer8035

member

Activity: 251

Merit: 10

It may be that they do not offer them but it would be safe for us and it would give us more profit in a bank. I do not believe I would only place them only a few fractions of bitcoin but I would keep it in my portfolio more secure in one way or another. abusing participate in bitcoin those nose are going to be with arms crossed only in a few years because there are some more will have to join the bitcoin full because people will keep their money out of banking platforms and will only use it when they need to change some to fiat money

iammrash

newbie

Activity: 51

Merit: 0

I think this is a dream which can never be possible in 100 years.. But if it becomes true That would be a great step for crypto currency i think.. But i don't think crypto needs to added in banks. It will be the next bank in future. That's the crypto vision

kandidaj

newbie

Activity: 2

Merit: 0

They are already against bitcoins and thus they will not allow this. However, this can really boost bitcoins as it will encourage traditional investors.

DemiGodKaido

newbie

Activity: 27

Merit: 0

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. Means they dont like the bitcoin and how it works because they know they wont have any benefits that they can get from bitcoin. Second that they oppose the decentralized. So i think that they wont accept or even offer any bitcoin deposits

dasiicvet

newbie

Activity: 2

Merit: 0

They can come with such schemes but do not expect more than 20-30 5 guaranteed returns. They will take most of the profits themselves.

bitterdog

hero member

Activity: 728

Merit: 503

dApps Development Automation Platform

I think every possibility must exist. But, we can not make sure when and how the banks will offering the bitcoin deposits. And if that become reality, banks that offering bitcoin deposits it would be so beneficial.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

This could happen in the future as banks functioning completely with bitcoin has come into existence. As growth gets priority automatically banks try to stick to the growth as people were in need of the same. Based on the support the country gets from the government can expect banks accepting bitcoin deposit. Formally this can be expected earlier on the grown countries.

abiola1

full member

Activity: 294

Merit: 100

Each nation have their diverse strategy against bitcoin however one thing for beyond any doubt that my legislature are against with my bitcoin so it won't occur.

Froloff92

member

Activity: 238

Merit: 10

It is a dream of sky sky. If everyone is allowed to deposit the bank then everyone will be benefited. I believe this will be beneficial to the government and the bank. This will be easy for investors who work for them.

rudox

full member

Activity: 476

Merit: 100

Banks that are fighting bitcoin will find it difficult to adopt bitcoin for both deposit and other banking services. Unless the adoption of bitcoin became overwhelming by other financial institution then banks will have no other excuse but to offer full scale banking services using blockchain technology.

susila_bai

hero member

Activity: 1260

Merit: 524

It can happen when the bank will start to operate in bitcoin just like fiat currency like deposit , bitcoin wallet in bank, then only they can start deposit as when they get deposit then they have to give interest on that and to give interest they have to earn from the deposit so they will also start lending or giving bitcoin loan on which they will get interest. Just like what they are doing in fiat currency banking system. Then only the bank can offer bitcoin deposit until then it will be fully risky by both side.

@oweljayr

newbie

Activity: 215

Merit: 0

Depositing your bitcoin to banks could not be the best idea at all. How many percentage of interest will you get if ever? 1, 2 or 3% per year? Where as in investing and trading, your could get the percentage you wanted in a matter of hours or days compare to the year any banks could offer.

Deewhy50

copper member

Activity: 99

Merit: 1

Quote from: Deewhy50 on June 21, 2018, 03:18:30 PM

well! for me i can't even say but what i know is that bitcoin will go places

but looking at the question of bank accepting bitcoin, i don't think that will happen and if it will, maybe 5years more to this moment

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