Why some banks don't accept bitcoin?

[Dreamer02]

I'm sure banks absolutely accept bitcoin, but it takes time before bank accept it, there are some banks already accept bitcoin because they believe it. As of now banks didn't accept bitcoin because of bitcoin's nature, we know price of bitcoin is unstable, and i think that's one of the reasons why banks didn't accept bicoin because  the price is volatile or unstable. Banks want profit everytime they deal with money, that explain a lot.

[sugarchrisp]

I'd say mainly because they don't want to put themselves out of business.  Things like bitcoin and other blockchain technology projects for transferring money are way easier to transfer money than banks.  Banks probably don't care for the price fluctuation either.

[therozaq]

I'm sure banks absolutely accept bitcoin, but it takes time before bank accept it, there are some banks already accept bitcoin because they believe it. As of now banks didn't accept bitcoin because of bitcoin's nature, we know price of bitcoin is unstable, and i think that's one of the reasons why banks didn't accept bicoin because  the price is volatile or unstable. Banks want profit everytime they deal with money, that explain a lot.

Yes I think The value of bitcoin is unstable, It is the reason why some banks dont accept bitcoin. Maybe in the coming future It will happen.

[Davidniam55]

maybe they are still afraid to accept bitcoin gan. because many people would choose to invest in bitcoin instead of investing in Banks. if in bitcoin we will benefit with the short term. if the bank to earn profits must be a long time .

[Dreamer02]

maybe they are still afraid to accept bitcoin gan. because many people would choose to invest in bitcoin instead of investing in Banks. if in bitcoin we will benefit with the short term. if the bank to earn profits must be a long time .

What the bank want is a win win investment. They exist to gain real profit.

[Markjay11]

I think why other banks don't accept bitcoin because they can't control it and they can earn tax on it. And the other's is banned from it's countries.

[Alcor]

First of all, it is necessary to state more precisely what banks mean by not taking bitcoin. Do not accept for exchange, as a deposit or for what transaction? It's very important.
Banks will not work with the crypto currency until it is legalized by the state. Banks clearly work on instructions from the government or in accordance with the norms of laws and can not violate them. The initiative, especially if it is a state bank, is also not welcome there.

[Mbah Jenggot]

I'm sure banks absolutely accept bitcoin, but it takes time before bank accept it, there are some banks already accept bitcoin because they believe it. As of now banks didn't accept bitcoin because of bitcoin's nature, we know price of bitcoin is unstable, and i think that's one of the reasons why banks didn't accept bicoin because  the price is volatile or unstable. Banks want profit everytime they deal with money, that explain a lot.

In my opinion banks afraid bitcoin. Because many investors move to invest in bitcoin and other crypto currency.

[Nur sarimbit]

because they are still afraid that the bitcoin exchange rate suddenly becomes zero. and they are also afraid that people prefer to invest in bitcoin instead of investing in Banks

[santawarrior]

May be banks did not accepts bitcoin because of its volatile market price .

[Power]

Bitcoin is decentralized the reason why the bank will never accept it in their world. Volatility will surely bring bankruptcy to them and against the concept.