Topic: Will banks ever offer bitcoin deposits? - page 75. (Read 6383 times)
since I know bitcoin world until now I have never seen or heard of any Bank in Indonesia offering bitcoin. only they still serve bitcoin exchange rate with rupiah .
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I think this services could happen in the future and maybe the banks will open bitcoin deposits in someday if their system integrated with blockchain because they need to do this if they want to offer bitcoin deposits. and if the banks want to know about the new technology like bitcoin and they considering that blockchain will give something to them, they will integrate their system and they will try to follow the new digital era because they really concern with the future.
well i think every country have their different policy against bitcoin but one thing for sure that my government are against with my bitcoin so it won't happen And the banks would never allow something like that to flourish and try to create negative campaigns against it, Most banks are afraid of bitcoin and never get attached to it due to the volatility of the market price and because it is hard for to hold it. If banks actually are smart enough as you said they can earn from it and get some profit but it really depends on the business
I think bank will surely have the pleasure to accept bitcoin in the future as a form of deposit. Because bitcoin is what so we called the future currency that could be the primary currency people would used in the future in all type of transaction so i think bank system will likely to support the system of bitcoin for them to improve their market and to used the opportunity bitcoin can give to them and in the future of transaction, trading and investments.
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 guess if rue bitcon become the number one cryptocurrency im thinking thr all of the banks have no choice but to embrace and continue to adopt the cryptocurrency and make it somthing as a bank we know that it will eventually come because the cryptocurrency is becoming the new era of currency in Mr opinion so i guess it will become successful as time goes by. 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.
Truly, banks offer advances taken against Fixed Deposits. The Fixed Deposit in such advance is the Collateral. In this manner, it is a secured credit. This makes the Loan against Fixed Deposit less expensive than a Personal Loan.
The advance that can be profited against a Fixed Deposit, shifts from bank to bank. It additionally relies upon the measure of the Fixed Deposit. Higher the estimation of the Fixed Deposit, the higher the sum. You can acquire up to 90% of the FDs sum, just by promising the FD.
The advance that can be profited against a Fixed Deposit, shifts from bank to bank. It additionally relies upon the measure of the Fixed Deposit. Higher the estimation of the Fixed Deposit, the higher the sum. You can acquire up to 90% of the FDs sum, just by promising the FD.
If they will create Bitcoin deposits, they must make BTC loans? I don’t know how it can work. I think that Bitcoin holders don’t trust banks and they won’t give their coins to financial institutions.
The volatility in the market of crypto currency will decrease with time. The fact is that the market is still young. Over time, deposits in Bitcoins may appear.
Banks will eventually do the same what Telecommunication companies are doing right now by providing internet services as there is no longer use of call and sms packages because of whatsapp and facebook. same will be the case with banks. if they are not gonna offer bitcoin deposits, they will ultimately do something to provide services related to bitcoins.
The banks will not offer deposits using bitcoins. Because the bank wants to earn more profits. the bitcoin value is very volatile whose price is surging due to demand and supply.
it seems that there are only a few banks that accept bitcoin purchases and help with bitcoin purchases but in this country not all banks are willing and willing to provide such facilities.
Some banks have began to embrace crypto currencies and i think change is inevitable, the rest will follow the bitcoin way soon too.
Usually interest rates indicate that the person proposing interest works in the system of fractional reserves, since in order to earn interest exceeding the value of the asset itself, it needs to invest the assets entrusted to it. Bitcoin was invented specifically to provide people with a reliable alternative to the official fractional reserve system, which ensures the anonymity and mobility of electronic transactions. Thus, the introduction of interest accounts on savings in bitcoins is a kind of poison for Bitcoin's economy
This is not totally frivolous or impossible to happen, even if the banks, or most of them, are definitely against the rise of Bitcoin and the whole of cryptocurrency. We do not really know that some other open-minded bank owners are already contemplating on opening up Bitcoin deposits in their system. It's just that they cannot easily do that since they are following strict measures and that they might be branded as a ragtag member.
Actually we dont know what happen on future, that posibly happen with many various condition but i'm sure with more update cryptocurrency software on future to fix scalabilty issue,mining fee,transfer speed,security and etc, Bank will accept bitcoin to be one of the assets there can offering to all people.
Time will come they should accept bitcoin deposit because many country and people now is using bitcoin and know about crypto world and also they need to accept fact that crypto now a days are going so far
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.
Maybe someday, not for today but for the coming future. Lets just think of the possibilities that they will adapt bitcoin's volatility market. Even technologies evolve then it will happen that banks will offer bitcoin deposits for the future. 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.
One of the founders of the project Talon Media Group, Jon Southurst, says: "As far as I know, they are the first in Japan ... I do not know how they are going to pay interest in bitcoins ... The question is, how can there be extra bitcoins - this should be either speculative trading, or mining - in another way to invest bitcoins is not possible. Any hedge fund? "
Jon is not alone in his doubts about the mechanisms for making profits from deposits in bitcoins. One of the creators of Bitcoin's predecessor, Bitgold's crypto currency, Mike Lorrie (MikeLorrey) agrees with Southworth's opinion and believes "it is extremely risky to offer interest on deposits in bitcoins."
Only time can tell. But as we see it right now, bitcoin has been popular nowadays. And we are entering the era of advance technology and we can all see that bitcoin will have a place in this in the years to come.
As far as i know in our country has not heard such news if this is so very very fun for bitcoin users. But whether this is going to happen, it needs a long and complicated thought because bitcoin prices are very fast changing and of course the official bank does not want to lose.
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