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Author Topic: Is Bitcoin going to affect Banks in the future?  (Read 7734 times)

Offline Deci9

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #15 on: May 19, 2018, 09:53:09 PM »
Well, banks are smart. I think some banks will find a way to incorporate cryptocurrencies in their system.

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #15 on: May 19, 2018, 09:53:09 PM »

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Offline Dacosta

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #16 on: May 22, 2018, 03:46:00 PM »
Sure. Bitcoin will significantly affect the growth of the banking sector. Bitcoin is a major antagonist to banks and their increasingly patronage is a potential threat to the banks and that is why the banks are strongly against it
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Offline linkdefeu

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #17 on: May 22, 2018, 05:08:21 PM »
Bitcoin will change the world so, banks too  ;D
Maybe in 5 years we will see a world deeply transformed when we can buy pizza with many crypto  8)
The world is on the move, i hope poeple accept this changement with time.
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Offline blackstar02

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #18 on: May 23, 2018, 03:01:56 AM »
All great stuff, but what impact will Bitcoin have on the banking industry? The Swift Institute concludes in its report that, while the currency is still in its infancy and not ubiquitous enough to be a threat to existing monetary models, there is scope for disruption in the future.

“If the acceptance of Bitcoin or similar virtual currencies increased significantly on a global level, it could affect the behaviour of consumers and producers and as a consequence change the relevance of monetary policy,” says the report, adding that “given Bitcoin’s global decentralized nature and independence from any central bank or supranational authority, regulatory oversight may be difficult and challenging.”

It is certainly an intriguing proposition. But what is becoming increasingly apparent is not so much the value of the currency, but the value of the underlying technology - the blockchain.

“In today’s banking world, it is all about cost savings, as they are all struggling with low returns and that is why they are all locking on to the blockchain,” says Richard Lumb, head of financial services at Accenture.

Offline Vidaia

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #19 on: May 23, 2018, 02:18:40 PM »
No, it won't
The bank should rather embrace this because this is all about the future
And there a change in the way of trading and keeping money
So why don't join forces with btc

Offline Vidaia

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #20 on: May 23, 2018, 02:20:37 PM »
With the low returns the banks gives is better they embrace btc, without that then wikk be affected

Offline spatialiste

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #21 on: May 24, 2018, 06:07:39 AM »
Definitively Blockchain technology will affect banks, some of them are already partners of Ripple or Ethereum, others are currently developing their own blockchain.

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #21 on: May 24, 2018, 06:07:39 AM »


Offline X-master

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #22 on: May 24, 2018, 07:13:54 AM »
The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?
Yes it will. And I think even now btc already affected the bank when it comes to the number of investors. Since then people love to put their money in a bank thinking that it will be safe to be there, and while their money is in their the bank are using it to invest in some businesses but the money of a person didn't grow as if it is just sleeping waiting for someone to awaken it. Until bitcoin was discovered and from making investment on it promised you to earn big and if possible more than than what you have invested. And this kind of bitcoin ability scares the banks because it can possibly lose their investors, thus such kind of system from bitcoin affect already the banks.

Offline Alpha

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #23 on: May 25, 2018, 06:31:17 PM »
Currently the effect of bitcoin in banks are already experience. There are kinds of banks that accepted the well known bitcoin. They knew already about bitcoin as virtual currency that could be the possible future era of transactions in the world.

Offline Stormyblue

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #24 on: May 26, 2018, 02:34:12 PM »
The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?
Honestly, I am waiting for such a period where Bitcoin will be accepted for both major and trivial transactions in my country and I won't have to hold fiat money and deal with banks again. This will surely affect the banks as patronage of their services will decrease and that's what many of us Crypto enthusiasts wish for.
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Offline ArthurG

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #25 on: May 26, 2018, 02:49:45 PM »
Banks will find a way to get heavily involved in the crypto world if they will have no choice.

Depends what the crypto future holds, specially with regulations coming in July.

Offline felixesteban

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #26 on: May 27, 2018, 03:27:32 AM »
Currently banks are very strong and can easily take down the cryptos if they want to. Because the crypto market is relatively 200 times smaller. But if this rate increases in the coming years, then there may be a serious danger to the banks.
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Offline altery0518

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #27 on: May 27, 2018, 05:07:32 PM »
Currently banks are very strong and can easily take down the cryptos if they want to. Because the crypto market is relatively 200 times smaller. But if this rate increases in the coming years, then there may be a serious danger to the banks.

 I agree, banks are very strong  but they are now affected because cryptos are now slowly competing their clients.
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Offline Alcor

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #28 on: May 29, 2018, 01:36:34 AM »
Crypto-currency generally selects their customers from bankers, and along with them a part of their profits, however, the bitcoins and other crypto-currencies will not affect the banks somehow. In the future, banks and Crypto-currency will be forced to exist and work together.

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Offline korkorjkk

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Re: Is Bitcoin going to affect Banks in the future?
« Reply #29 on: May 29, 2018, 12:05:54 PM »
I dont think so. I think the banks operate with different currencies
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