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    Author Topic: Bitcoin is it the Future of Banking ?  (Read 5946 times)

    • Restmand
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    November 13, 2017, 08:56:10 AM
     #121
    Quote from: Lucas* on October 26, 2017, 12:10:25 AM
    i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
    i would be happy if it can happen in the reality. but we know bitcoin is only alive in the internet or online shopping only its like the other coins so if the bitcoin is the future of the bank how it will happen? it could be difficult to others who doesn't know about the bitcoin in value we know that all other money can be replace the bitcoin in but in the transaction? yeah it have an faster transaction but in the online only how if people have an emergency ? there's an bitcoin bank in the surroundings? like the bank ?

  • adjong
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    November 13, 2017, 09:07:24 AM
     #122
    I think this is the answer to the poor in the Philippines ... because other people are not looking for jobs because they are not ready to finish the study..betcoin the answer to poverty now and in the future.

  • ridho002
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    November 13, 2017, 09:27:48 AM
     #123
    I thought it would never happen bitcoin will work with banks. Because banks are only self-interested with the insurance they make to make your savings decrease monthly, but if bitcoin is not like that. this is in my opinion.

  • cybersofts
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    November 13, 2017, 10:14:31 AM
     #124
    Quote from: Lucas* on October 26, 2017, 12:10:25 AM
    i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
    Bitcoin is a digital currency that has huge potential and serious role to play in the future, but bitcoin has it own limitations just like fiat currency for now. with the recent issues arising from bitcoin, the problem where people are complaining about bitcoin higher transaction fees. with certain issues like this it going to be hard for bitcoin to replace the traditional banking system. For bitcoin to be the future of banking new updates must be implemented to solve these issues. 

  • ace4549
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    November 13, 2017, 10:22:29 AM
     #125
    I think bitcoin is the future of banking because of nowadays bitcoins is a new form of monetary system in which we can purchase one or more products and services. And it has a high value in fiat money.

  • Vaskiy
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    November 13, 2017, 10:25:54 AM
     #126
    Quote from: ace4549 on November 13, 2017, 10:22:29 AM
    I think bitcoin is the future of banking because of nowadays bitcoins is a new form of monetary system in which we can purchase one or more products and services. And it has a high value in fiat money.
    This has evolved as an monetary system, but the ultimate aim of its development is not to serve as an monetary system. With its potential it has grown little by little getting used in several forms and finally now it's been getting priority as a monetary system as well investment. Banking will use bitcoin, because at present several banks were with plans for the same and some has developed their own blockchain and under testing.

  • crzy
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    November 13, 2017, 10:31:58 AM
     #127
    For a faster transaction yes maybe and banks should really adopt the blockchain technology for them to survive in the future because for sure many banks will use this now just like what ripple are doing now, well bitcoin is a good choice. Companies should realize the importance of this technology, this is our future.

  • Aryadwipanggah
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    November 13, 2017, 10:46:08 AM
     #128
    Bitcoin is not a future for the banking world but a serious threat to the banking industry as many investors choose to invest in bitcoin rather than save their money in banks. While bank investors are just a way to liquefy bitcoins into ordinary currencies

  • darrly
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    November 13, 2017, 10:55:32 AM
     #129
    It is ideal but not most likely ly to happen. I think bitcoin cannot replace fiat system. It has been here so long it would take multiples of its years for the bitcoin to replace it. Some countries are already accepting bitcoin as mode of payment but still it is converted first so you still go back to fiat.

  • zeze18
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    November 13, 2017, 11:08:28 AM
     #130
    Quote from: Lucas* on October 26, 2017, 12:10:25 AM
    i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

    I'm not sure whether bitcoin will be acceptable for various banking transactions, while currently bitcoin legality hasn't been fully authorized and gained recognition from the government, indeed as we know, bitcoin has various limitations in usage when compared to fiat money.
    But it isn't impossible if one day bitcoin get full trust from the government and get legal legality and bitcoin will be equivalent to fiat money either functionality or legality and may be accepted by the banking

  • Epimetheus
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    November 13, 2017, 12:12:04 PM
     #131
    No, bitcoin is not the future of banking because bitcoin is the cryptocurrency thats every people do not about it so that if bitcoin become future of banking so that illitrate people does not do online banking . But now a time new technology are available in every country and every person think that they do all the work online like banking, shopping, ticket booking etc. Those people who know about bitcoin they get benefit if bitcoin become future of banking because invest in bitcoin give more benefit to the people

  • BitcoinMoses
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    November 13, 2017, 05:17:26 PM
     #132
    There will be no need of banking in the future because Bitcoin is your own bank.
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  • johnson4218
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    November 13, 2017, 05:41:49 PM
     #133
    as well as usd is the common currency all over the world. bitcoin represents algorithmic money. And it overcomes all the weaknesses that paper money causes. Perhaps the bitcoin would be the future of money

  • nikjain422
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    November 13, 2017, 06:01:06 PM
     #134
    I can't see bitcoin as a future of banking atleast till now but i think one thing can happen that is the system that is use in bitcoin mainly blockchain that will happen soon in fact many nations had already started thinking on that.

  • dg2010
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    November 13, 2017, 06:19:11 PM
     #135
    There is no doubt that Crypto is the future of Banking. With many advantages of fee, speed... Certainly, Banks in the world will consider use crypto in their system. How about Bitcoin? It has to improve its weaknesses before becoming a payment tool

  • Dakshkapoor
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    November 13, 2017, 06:25:22 PM
     #136
    I think that it is right BITCOINS is the future of banking because this is the era of crypto currencies. Surely this world has welcomed the concept of crypto or digital currency. It  has a great future ahead because it is very attractive because of it high profits. I think in coming days bank will accept the crypto currency too and it will be legal in all countries soon.

  • siddu67
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    November 13, 2017, 06:28:25 PM
     #137
    I think now nothing can be rightly told. Because Bitcoin's investment is falling as well. Because  some countries have declared Bitcoin to be canceled.
    But I hope that one day it will be possible.
    that it can be 10/50 years or more
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    November 13, 2017, 06:31:02 PM
     #138
    I think maybe more of future to stocks market system. Stock market is not doing well last and this year...
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  • Sanchez747
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    November 14, 2017, 04:03:21 AM
     #139
    I'm not sure for bitcoin is the future of banking, but some crypto based on decentralized p2p technology. Due to system is working for herself, every participant work in the system, that work for the benefits of its members.

  • KingOfWinterfell01
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    November 14, 2017, 04:20:41 AM
     #140
    Quote from: Lucas* on October 26, 2017, 12:10:25 AM
    i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

    Not really. Bitcoins are concentric on P2P transactions. It mainly focuses on digital transactions and some other physical transactions that can be done more easily with bitcoins. I'd also like to add the fact that bitcoins have a volatile trend movement. It's very unstable for it to be a daily-use currency because of the sudden drop and flight of the price.
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