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Topic: Does any bank accept Bitcoin? (Read 73846 times)

luigidosado

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Re: Does any bank accept Bitcoin?

October 29, 2017, 03:53:17 PM

#1181

Based on our country, I bet, there's no bank that accepts bitcoin. Up until now, bitcoin is still a mystery for some people and the government still, does not recognize it as a legit currency of money. Bitcoin has a lot of deep dark secrets in it and connecting it to a bank would be a big risk because all transactions will be monitored. As for now, there are some wallets that can be used to transfer money to a bank or any remittance centers.

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Gintama214

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Re: Does any bank accept Bitcoin?

October 29, 2017, 04:26:26 PM

#1182

Quote from: the_poet on December 13, 2015, 09:21:07 PM

Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.

There are now some banks now that accepts bitcoin and you can deposit or withdraw in that bank. Also, you can get like a credit card for bitcoin which is really convenient and helps you to spend your bitcoin. I saw this video/information, that she compared spending bitcoin and gold. Here's the link http://www.businessinsider.com/trying-to-pay-for-things-with-bitcoin-price-gold-2017-10. Check it out if you are curious about it.

blackr15

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Re: Does any bank accept Bitcoin?

October 30, 2017, 02:36:33 AM

#1183

based on the information I get from my seniors, for the moment no bank has received the bitcoin because the banks may be afraid of losing to compete with bitcoin ...

has already banned bitcoin in other countries because it is most likely with this ...

Nilda

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Re: Does any bank accept Bitcoin?

October 30, 2017, 02:54:59 AM

#1184

Maybe in the next few years when bitcoin becomes mainstream. They would incorporate bitcoin in their a mobile and internet banking services. Bitcoin kiosks or station would also be good idea.

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SupportBitcoin

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Re: Does any bank accept Bitcoin?

October 30, 2017, 03:23:06 AM

#1185

There are no banks to my knowledge that accept Bitcoin. However, if you charge Bitcoin to a credit card it is drafted as a cash advance so it is being recognized as a currency by major institutions.

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moinul018

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Re: Does any bank accept Bitcoin?

October 30, 2017, 03:24:11 AM

#1186

I highly doubt any bank would accept bitcoin as a exchange medium. I know some small businesses are accepting it, but how long, I don't know. I guess the volatility of bitcoin is the key reason behind this.

mjnick01

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Re: Does any bank accept Bitcoin?

October 30, 2017, 03:30:06 AM

#1187

he would have received bitcoin | but it's not because the bitcoin value is growing rapidly and banks may lose money

Bennie1089

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Re: Does any bank accept Bitcoin?

October 30, 2017, 03:32:09 AM

#1188

The reason no bank would accept Bitcoin because banks in some way are still dependent on State Bank, they can see the potential of Bitcoin but publicly recognize it would devalue their currency. Banning Bitcoin in payment and transaction is one way of restraining the increasing trend of Bitcoin value, but I think in the long-term, with more and more people start taking Bitcoin seriously all banks will have to accept Bitcoin

winderx

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Re: Does any bank accept Bitcoin?

October 30, 2017, 03:33:23 AM

#1189

didnt hear of any bank accepting Bitcoin yet.

stadus

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Re: Does any bank accept Bitcoin?

October 30, 2017, 06:08:56 AM

#1190

Quote from: winderx on October 30, 2017, 03:33:23 AM

didnt hear of any bank accepting Bitcoin yet.

That is not gonna happen because they have their own money, they only accept what is legal and regulated by the government.
Bitcoin as a currency cannot be regulated as banks cannot control, it will always stay decentralized and even if banks will create their own blockchain it will not beat bitcoin.

Pettuh4

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Re: Does any bank accept Bitcoin?

October 30, 2017, 06:12:52 AM

#1191

Quote from: stadus on October 30, 2017, 06:08:56 AM

Quote from: winderx on October 30, 2017, 03:33:23 AM

didnt hear of any bank accepting Bitcoin yet.

i don't think it even makes sense to have a bank keep your bitcoins, it;'s just like leaving your personal bank in the care of another bank and hoping it will be safe, why didn't you open an account with them then than setting up your own bank?

Usafstar

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Re: Does any bank accept Bitcoin?

October 30, 2017, 06:56:00 AM

#1192

Yes they accept bitcoin in the some few countries some of banks are connected with exchanges first they will convert your money into some other currencies after that they will accept your currency otherwise some of banks are trying to reject your bitcoin for accepting.

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Rajamuda

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Re: Does any bank accept Bitcoin?

October 30, 2017, 07:12:26 AM

#1193

As time goes by.. bitcoin that underlying blockchain technology has already attracted thinkers around the world, but not everyone is quickly to see that potential, as some still consider it a threat to traditional financial ecosystems. I just read some articles on google, it turns out there are already some banks that embrace bitcoin and blockchain.. some of which are located in the country of France, England, Spain, United States.

Kisanaq

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Re: Does any bank accept Bitcoin?

October 30, 2017, 08:40:28 AM

#1194

The presence of bitcoin will make many changes to the transaction system, I think bitcoin does not need to use bank services because if using a bank then there will be many restrictions and rules, let bitcoin users free to use.

imamimam1234

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Re: Does any bank accept Bitcoin?

October 30, 2017, 08:47:51 AM

#1195

Idk but in my country not accept bitcoin, but the local wallet do exist. I expect in my country someday bank will accept bitcoin. As we know the bankfirst more integrated may the fee will reduce

Voice-Of-Reason

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Re: Does any bank accept Bitcoin?

October 30, 2017, 08:55:36 AM

#1196

banks can only accept fiat/currency with a government backing

Usui-Kun

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Re: Does any bank accept Bitcoin?

October 30, 2017, 09:01:36 AM

#1197

I hope no banks would hold bitcoins or centralize it, it will destroy the true purpose of bitcoin, the transaction part.

conceivedspoon2

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Re: Does any bank accept Bitcoin?

October 30, 2017, 09:09:36 AM

#1198

Friend, bitcoin is a real competition to banks and national economy. The Central Bank of any nation may not want to accept it. But it's good to note that the Central bank of Nigeria has conducted a workshop and setup a committee to look into the matter. And if they would ever want to accept it, there would be charges to it because Bitcoin has suddenly become a force to reckon with that even banks and countries economy can't stop.

webdevmastery

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Re: Does any bank accept Bitcoin?

October 30, 2017, 09:10:36 AM

#1199

Quote from: Pettuh4 on October 30, 2017, 06:12:52 AM

Quote from: stadus on October 30, 2017, 06:08:56 AM

Quote from: winderx on October 30, 2017, 03:33:23 AM

didnt hear of any bank accepting Bitcoin yet.

If you are going to compare bank and bitcoin, They are both increasing in value periodically and its not necessary to keep your bitcoins in the bank because the market is increasing the value its self.

Afnan_faizah

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Re: Does any bank accept Bitcoin?

October 30, 2017, 09:19:23 AM

#1200

Quote from: Kisanaq on October 30, 2017, 08:40:28 AM

But probably some banks need bitcoin

. There is a bank named skandiabanken which announced it plans to offer clients the ability to link bank accounts to cryptocurrency holdings. It seems that bank wants to attracts cryptocurrency users to still use bank services, I think they know that the grow of cryptocurrencies will reduce bank usage by people. It just my oppinion.

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