You Can Now Keep Your Bitcoins In A Bank - page 11.

hulla

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Quote from: St4yInTh3D4rk on November 01, 2018, 03:27:52 PM

Quote from: cybernetik7 on November 01, 2018, 03:08:53 PM

By implementing these DARs, they will again become the thirt party. Since banks are considered trustable, many people would keep their cryptos on bank accounts. On the other hand, it is good really if the banks are accepting the cryptocurrency.

But why banks needs to support crypto currencies because bitcoin was created to stop the centralized payment system so they are supporting to destroy themselves?

I don't think there is need for us to store our coins in banks wallet when we have lot of wallets available to us.

I believed they understand that crypto currency system will destroy their means of living but I don't think we need to panic if they choose to support crypto since they plan to join the race instead of get run over and we both know that the wallet we use are not ever safe because we need to avoid some human error but with their help there might be chance of find a solution.

St4yInTh3D4rk

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Quote from: cybernetik7 on November 01, 2018, 03:08:53 PM

By implementing these DARs, they will again become the thirt party. Since banks are considered trustable, many people would keep their cryptos on bank accounts. On the other hand, it is good really if the banks are accepting the cryptocurrency.

But why banks needs to support crypto currencies because bitcoin was created to stop the centralized payment system so they are supporting to destroy themselves?

I don't think there is need for us to store our coins in banks wallet when we have lot of wallets available to us.

cybernetik7

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By implementing these DARs, they will again become the thirt party. Since banks are considered trustable, many people would keep their cryptos on bank accounts. On the other hand, it is good really if the banks are accepting the cryptocurrency.

timotron

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somehow you lose all benefits from crypto if you use such a bank.

I will stay away from this services for now.
But let's see how it ends, maybe there some cool extras there.

cryptodv

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Good news for the average noob, but no way am I trusting over my precious $BTC to any bank or any institution at that. Just hand them over your private keys while you're at it. Roll Eyes

MMS2017

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It is a good news and i have never heard this before that we can keep our bitcoin at bank but for this we are uncertain that if the bitcoin value down in the market what we will do and if we want to sell our bitcoin at night will they allow us these are some surprising questions in my mind arises but over all the achievement is good and we have to avail this opportunity for good and prosperous future.

basyang

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Quote from: ngano ba on October 09, 2018, 09:47:01 PM

It is good really if the banks are accepting the cryptocurrency ,so it will add the popularity of cryptos that it will be accepted by banks a deposit or any kind of bank transactions , it will add the goals of bitcoin and cryptos to be accepted by this finance institutions.

It seems to me that if banks and cryptocurrency combine then it is a great news because instead of Competing to each othet they choose to collaborate for better transaction. If it will be implemented just like what you sad bitcoin become popular and people get interested to enter the crypto world. And for sure many banks will follow if this kind of stratgey become successful.

kzozenberg

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Hmm, why store cryptocurrency in the Bank if you can buy on the exchange and transfer it to an electronic device. I think it's safer that way.

Whosdaddy

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Quote from: shiming on October 28, 2018, 11:33:54 PM

This news is good news. For encryption. But I still hope to put BTC in my own hands, because I am not willing to believe that the bank can safely help me save.I don't know what you think.

I really do not understand what is good with the news or which part is it that you are not getting at this point? I understand for some people who are so naïve, they feel they cannot handle things all by themselves, or be their own banks, it may be good for them.

There is no doubt there will always be people like that, but really for the most part why a lot of us are here, what happened to the idea of freedom that so many of us have really been looking at over the years, and then discarding that freedom and saying we want to be back to become slaves to the bank over again? That is ridiculous.

nl247

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Quote from: jacafbiz on November 01, 2018, 02:23:14 AM

Attimes I am sometimes skeptical about people asking for institutional investments without looking at the down side, Bitcoin is sole about control of ones financial life, a trustless transaction, asking a bank to hold my BTC make no sense to me, I would rather have it in my laptop than in any secured vault in the world. Again you are at risk if Government start confiscating BTC. We need to discourage people doing this

Honestly, I was even surprised reading through the thread and then seeing a lot of people saying it is a good and welcome development, and that makes me wonder if people even understand at all the main value this space brings. Banks just want the same control over again, so giving them the control of your funds, is just more like saying you do not want to be free.

You have the chance to control the way you spend, how you store your money, have your own private keys which gives you full control, and someone will saying keeping their bitcoins in a bank is the best option for them. Shows how limited some people's knowledge are.

jacafbiz

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Attimes I am sometimes skeptical about people asking for institutional investments without looking at the down side, Bitcoin is sole about control of ones financial life, a trustless transaction, asking a bank to hold my BTC make no sense to me, I would rather have it in my laptop than in any secured vault in the world. Again you are at risk if Government start confiscating BTC. We need to discourage people doing this

maman567

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When have bank want to accepted bitcoin or altcoin for saving I think is become more revolution for bitcoin member, we will be easy for investment with bitcoin where we can take many advantage by saving money in the bank by using bitcoin.

andriw

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finally there is a bank that are starting to open up with the development of fintech today, if Citibank will and can do that, other banks will also participate in the innovation, because they certainly don't want the bitcoin market share to be dominated by just one bank.

kwakgyimah

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This would be great for most crypto enthusiasts especially those in the US. I believe more of such news would come to public notice when the bitcoin ETF is fully accepted. Brokers and insurers can then venture into the world of cryptocurrency so people can easily save their hard earned money in the form of bitcoin in various banks around the world.

aoluain

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Not for me thanks, im quite confident I can store my own coins in my own wallets.
Im not sure I like the idea of having banks 'control' my crypto. The idea behond it all
is that we dont need to entrust our finances to a third party.

zeingrind777

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This is really good news I've read. Citibank is a giant investment bank in America that will accept cryptocurrency investments such as bitcoin. Hopefully, other investment banks will also follow this step because the benefits of using decentralized payment systems as an alternative to local networks in developing countries have limited benefits of speed and cost compared to existing limited infrastructure.

Xising

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Quote from: ngano ba on October 09, 2018, 09:47:01 PM

It is good really if the banks are accepting the cryptocurrency ,so it will add the popularity of cryptos that it will be accepted by banks a deposit or any kind of bank transactions , it will add the goals of bitcoin and cryptos to be accepted by this finance institutions.

There has actually been many banks in different parts of the world that have embraced cryptocurrencies for quite some time now. From where I come from, the exchange site is actually connected to a certain bank, and that is where you would withdraw any exchanged amount from cryptocurrency transactions. However, the limitation there is that the trading site is not open or active with trading small-time coins per se; most of the transactions that is allowed are those from popular coins like Bitcoin and Ethereum to name a few. However, it's still a good news that many banks are starting to accept cryptocurrencies.

bce

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Quote from: ngano ba on October 09, 2018, 09:47:01 PM

It is good really if the banks are accepting the cryptocurrency ,so it will add the popularity of cryptos that it will be accepted by banks a deposit or any kind of bank transactions , it will add the goals of bitcoin and cryptos to be accepted by this finance institutions.

maybe that could happen if the country had formalized the cryptocurrency as a valid currency and could be used like a fiat currency and maybe it could happen we can't guess for sure

kkaroul4

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if in my opinion no one has stored bitcoin in the bank because the bank won't want bitcoin and other crypto to be stored in its place, because the bank doesn't like bitcoin because

rose9696

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Everything has its limits: Citibank is really on the path of risk. The government is likely to intervene soon because Bitcoin is being exploited by the evil forces. If Citibank supports transactions, it means supporting bad guys and bad things.

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