Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on October 17, 2018, 09:58:02 AM
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This will be a good thing for bitcoin as it will create more usability of the coin but the downside is that banks do not like how sharp the price of bitcoin changes on the market and hence the hesitation. If the price of bitcoin is steady and banks are working with it, I believe it will benefit both parties. In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
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For banks, this is not particularly useful. After all, the bank itself is a centralized system, where there are third parties, which is why banks now began to worry about their monopoly. It will certainly help Bitcoin at this stage, but even without introducing it into the banking system, this coin will come to great results, but after a little more time!
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It can be like you've said soon. It just a matter of time. Cryptocurrencies is getting powerfull day by day.
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For years, customers have complained about banks covertly denying altcoin credit card purchases. However, the recent announcements represent the first significant industry position toward altcoins. This position leaves investors questioning why it happened the way it did, which banks still allow credit card purchasing of altcoins, and if it is even wise to buy altcoins with a credit card in the first place.
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What I know from bitcoin is unlikely to be connected or controlled by the bank. Because the function that is owned by the bank cannot be equated with the function that bitcoin has. so it will be difficult to connect with each other.
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that's very good news bro. hopefully it can be a breath of fresh air for the world of bitcoin, bro. so that bitcoin can be received in all countries and the world community. and hopefully an example for other countries, bro ..
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That is a very interesting thing but the government has easy control over it and you will be taxed very high. You know, any new industry that makes a big profit is taxed very high, that is the rule. But that would not hurt too much when the crypto market capitalized at $ 1 trillion.
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This will be a good thing for bitcoin as it will create more usability of the coin but the downside is that banks do not like how sharp the price of bitcoin changes on the market and hence the hesitation. If the price of bitcoin is steady and banks are working with it, I believe it will benefit both parties. In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
Yes I think It is good idea, If Bitcoin connected to banks. But It will take several years again. Because Several Government ban bitcoin.
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that is good news, and just waiting for the time that bitcoin will be received by the bank and the government
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This will be a good thing for bitcoin as it will create more usability of the coin but the downside is that banks do not like how sharp the price of bitcoin changes on the market and hence the hesitation. If the price of bitcoin is steady and banks are working with it, I believe it will benefit both parties. In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
I think there is a big possibility to see this is happening in the future, and we can transfer our money to our bitcoin wallet from the banks like Paypal. But I think it will not happen shortly because there is a lot of things that the governments need to do before they implement this to their system. It will give the benefits for us, the banks, and the governments too and I think they will realize about the benefits too later.
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I think it is indeed a possibility can occur. It's just not in the near future given the need to process and a lot of things prepared before both works together.
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That's a very good thing, but it's not that easy. What's more, the security isn't 100% safe. For example, if the security is very good, then the crypto currency and so on will become one bank. Also, this will be very good news for all of us. ...
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The banking system is open to manipulation of figures, exchange rates, and tampering by high profile bankers and governments, and due to the ease at which traditional money is printed slowly loses its value. Many banks operate on ‘fractional reserve banking’, where they only have a supply of cash at any one time for a certain percentage of customers at once, if all customers attempted to withdraw their money at once, the bank would fail.
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It will be good for both parties involving governments who have the hands to implement whatever is necessary to let it be. Banks and bitcoin should be in one both to prevent hesitation of the people to invest.
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Maybe you connect a bitcoin to a bank if it is traded to real currency. But bitcoin itself maybe its not possible, for the bitcoin run a digital curreny which is decentralized that has no central bank.
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I think that indeed our bank and Bitcoin unit together will be beneficial for both parties. I still see that Bitcoin and this bank are difficult to integrate, it is difficult to be used as a handle in it. It is not easy for the Bank to accept Bitcoin because the Bitcoin is indeed the goal of eliminating fiat money, while the Bank still holds firm to fiat money as a transaction tool. So in my opinion the Bank and also Bitcoin will not be able to unite as long as there are still different principles.
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if that happens it will certainly be better and profitable for both, because bitcoin is always profitable especially if the government contributes to this problem
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I think Bitcoin doesn't need a bank because bitcoin wallets have the same function as banks. It's just that the bank has a central that is regulated and managed by the state, while Bitcoin is not.
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It seems like this would be a good combination and profitable. the Bank will further progress by giving chances of bitcoin is in it. but this will require a short time no doubt.
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I think I have to clarify this news. Because I'm sure it won't be easy for banks in the world to be able to accept Bitcoin and work with Bitcoin. Because basically the Bank and Bitcoin have different objectives. The aim of Bitcoin is to replace fiat money, while the Bank aims to grow fiat money and defeat digital money. I think with that explanation it is impossible for the Bank to accept Bitcoin that easily.
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certainly, this would be good news. that will be better able to maximize the bitcoin work and its functions so that it can help to improve the finances of the individual. though it will take time and the process is not short certainly.
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The deal will simplify the process of deposits and withdrawals for Coinbase’s UK customers, who have previously had their transactions processed through an Estonian bank.