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    Author Topic: Will banks ever offer bitcoin deposits?  (Read 6417 times)

    • pragna
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    July 17, 2018, 02:23:22 PM
     #1141
    I think at that time bank will not run when bitcoin will approved by all country of the world. If i store my bitcoin then why i will go to bank for deposit. At present time we are in risk of hard money to store into our house. But at that time we will store our BTC into our wallet that may be blokchain address which is more and more secure. So i think that day will not come in future.

  • millionaireshs
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    July 17, 2018, 02:30:33 PM
     #1142
    Quote from: shield132 on April 26, 2018, 03:20:04 PM
    We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
    What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
    This can be very, very profitable for banks if they make correct decisions.
    P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

    I am pretty sure that they are on the process of thinking and constructing ideas on how these Bitcoin can help them especially today since there is no bank ever offering Bitcoins. Its a plus for them if they will be the pioneer of this feature. More customers, more power, more profit. However, they should be careful about these for they might violate such rules in their government that is why until now there is no bank that are offering Bitcoins.

  • Huntsman82
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    July 17, 2018, 03:58:56 PM
     #1143
    Quote from: West0813 on July 16, 2018, 11:23:49 PM
    I think banks will not offer bitcoin deposit. Because banks will not enter such risky transaction like bitcoin. But i don't take away the posibilities that in the future maybe it will happen.

    Why not? The greater the risk the greater the profit and banks love profit. They will find a way to lower their risk but to keep the profit.

  • precand36
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    July 17, 2018, 04:01:04 PM
     #1144
    I think in future bank will do payments in bitcoin and yes they will accept bitcoin deposits, why not.

  • Rebecca Bragaa
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    July 18, 2018, 02:08:28 AM
     #1145
    Bitcoin is highly volatile. They will go into big trouble if they allow such fluctuant asset to be a deposit, especially when this period is a downfall of Bitcoin.

  • Susan Diass
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    July 18, 2018, 02:11:06 AM
     #1146
    I see financial organizations still keep vigilant against Bitcoin. Addititionally, that prospect highly depends on governmental policies to Bitcoin. So right now, the prospect you say seems not very possible.  

  • reality18
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    July 18, 2018, 02:19:23 AM
     #1147
    This has been one of the crucial topics in crypto throwing the minds of even some experts into confusions. All that is left is speculations and predictions. Banks and cryptocurrencies work on two different yet conflicting principles, centralization and decentralization irrespectively. For them to work in harmony then it means, one must forgo its principle and adopts the other. The question now is, which one is ready for the other's principle?

  • edzleochico6
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    July 18, 2018, 02:36:29 AM
     #1148
    I think,when bank accept bitcoin it means that bitcoin consider as a fiat although bitcoin is an asset not fiat.Banks and cryptocurrencies work on two different yet conflicting principles, centralization and decentralization irrespectively.

  • aryani
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    July 18, 2018, 02:42:59 AM
     #1149
    It may happen, but it's a little difficult in the implementation, we all already know that bitcoin prices are very unstable and can rise or fall in time. Then the bank will apply the value of earnings to bitcoin deposits, I think this is one of the facts that will be the consideration of banks in receiving bitcoin deposits.

  • DoublerHunter
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    July 18, 2018, 02:46:22 AM
     #1150
    Quote from: aryani on July 18, 2018, 02:42:59 AM
    It may happen, but it's a little difficult in the implementation, we all already know that bitcoin prices are very unstable and can rise or fall in time. Then the bank will apply the value of earnings to bitcoin deposits, I think this is one of the facts that will be the consideration of banks in receiving bitcoin deposits.
    For me, it will take a lot of time before the banks will receive or accept bitcoin deposits because they don't want that volatile type of currency to receive as a deposit because if they will receive that then even after they receive it, the value might change and they might lose or get some little profit which is not the best for them.

  • kinamotorami
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    July 18, 2018, 02:48:32 AM
     #1151
    never, according to my prediction. I am sure that, because the current value of BTC increase often decrease not trend, so the holding of BTC for business will be quite high risk for the bank.

  • infocomy
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    July 18, 2018, 03:04:19 AM
     #1152
    I think the possibility is there. Remember when Internet came into life every county adopt on it. And now bitcoin is the evolution of the internet and currency in one. Banks need also to adopt on this kind of changes

  • Tiger red
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    July 18, 2018, 07:50:41 AM
     #1153
    They are working on it now, that's why you can buy bitcoin with you credit card. In near future we will have more than that!

  • vickybitcoin
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    July 18, 2018, 07:54:27 AM
     #1154
    Quote from: shield132 on April 26, 2018, 03:20:04 PM
    We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
    What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
    This can be very, very profitable for banks if they make correct decisions.
    P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
    For me right now it might be an absurd idea that banks would intertain such especially that it is a threat to them the very existence of bitcoin is bad news to the banks but given the advent of our technology and the internet this is very possible to happened in the very near future!

  • Ramonranger
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    July 18, 2018, 07:56:15 AM
     #1155
    Hopefully sooner the bank accept bitcoins, for now all i know that the banks allowed bitcoin as online payment.

  • gesdan
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    July 18, 2018, 08:20:11 AM
     #1156
    i think it will never happen as long the policy that manages bitcoin in a country is not clear like there are no rules that manage bitcoin. it will make the bank and the customer will doubt because there are not rules that manage bitcoin, is it legal or not, is the bitcoin have a high risk or not

  • Yatsan
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    July 18, 2018, 12:08:33 PM
     #1157
    Quote from: Jupeter on July 17, 2018, 11:40:03 AM
    Quote from: cr7 on July 16, 2018, 07:05:33 PM
    Bank experts are positive about this innovation, but do not understand how bitcoin works. So in my opinion officially it will not happen very soon!
    It is possible to happen because we all know that bitcoin and other cryptocurrency is getting more popular all over the country and there is no doubt that a lot of big banks will totally accepts bitcoin deposits, on the right time maybe it will only take for 5 years to happen.
    Banks need to go with the flow in able for them not to be left behind. And if that happened the banks will face bankruptcy because bitcoin will be the number one and can even surpass the fiat, thats what i believe. Moreover as what stated earlier it is a good chance for the banks to enter bitcoin because they will earn more profit to this and also they can have more markets or even new target markets because even a class c individual can start up investing in a bitcoin. All in all, it is a win win situation if this thing happened that may open to new opportunities.

  • fairytale
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    July 18, 2018, 12:19:53 PM
     #1158
    maybe some banks may offer bitcoin as bank deposits in the near future.In this modern age,there are possibilites of growing market of cryptocurrencies and soon some banks will also offers a variety of bank insurance including depositing a number of bitcoins.For these people who hodl a number of bitcoins or altcoins rather,it was a very great idea of saving aside from cash.

  • Ahooleeman
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    July 18, 2018, 12:39:08 PM
     #1159
    it is very possible why not?
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  • Harpawan
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    July 18, 2018, 12:43:55 PM
     #1160
    a good chance for banks to enter bitcoin because they will get more profits for this and also they can have more markets or even new target markets because even class C individuals can start investing in bitcoin. if this happens that can open up new opportunities for both.
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