Should banks take in BTC

[Kariuki]

there is no bigger threat to the traditinal banking ssytem right now , other than crypto currency they are the biggest set back of any bank in the world, most backs dont know what to make of it, they are worried what would happen if this is the future of money transfer and banking, they dont know whether to dive in or watch from afar as the whole world of crypto currency crumble.

I think the solution should be that banks should accept and allow themselves to integrate the new world of crypto currencies in stages, let it get in in stages and at the end everything will be perfect, Crypto is not bad , but we are not worried that they take cation.

thank you

[reebox]

banks must immediately make major changes, one of them is by accepting bitcoin payments because if they do not make changes they will be very left behind and will begin to be abandoned by their users, so they consider bitcoin as a threat.

[Lucas Holder]

Banks are old institution with lot of inertia. They are not exactly early adopters. My feeling is that when they start realizing what's happening, it will already be too late and they will get left behind in the dust. Good riddance if you ask me.

[Babacomputing]

The banks should try to adopt the new system and move to the blockchain. Blockchain is a secured technology and if banks are willing to integrate with it I am sure they will make a good development.

[joealus]

The Banks must protect and improve more  security for the account holders before to get in the world of cryptos especially btc

[Ali saher]

I think now crypto currency is very famous and day by day so many new investments come in crypto currency I think very soon bank allow bitcoin as a payment. This is benefits banks if they allow.

[cryptofly]

Is not a secret that some banks like Santander are doing test with blockchain and cryptos.  Like this bank I mentioned they are "trading" board to board with XRP lowering the cost of the transactions.  It is a reality now.  Would be great to know that regular banks accept bitcoin and major crypto coins but first we need to convince the BIS (Bank for International Settlement) which is the regulator above the bank infrastructure as we know.  Those with Mr. Carstens at the front are enemies of cryptocurrencies.  Hard job to do yet.  

[XortionX]

I think banks should take BTC as it is secure and it would be useful to be able to track my BTC from the same online wallet as my normal bank, all from one app. It would also mean that you would be able to pay in btc from my phone wirelessly without needing a special ATM. It would also mean online businesses could offer BTC alongside PayPal and credit card payments.

[Idi23]

I think the solution should be that banks should accept and allow themselves to integrate the new world of crypto currencies in stages, let it get in in stages and at the end everything will be perfect, Crypto is not bad , but we are not worried that they take cation.

[sahil777]

if they decided to go digital, then banks will also be digitalize themselves in coming future, i dont think there is any threat for banking they will change there system according to new digital currency, they know very well how to survive and how to change.

[itconsults]

Some coins are going to launch their own debit card. I know some countries have not allowed or legalized bitcoin that is why citizens could not be able to transfer their btc amount to their bank accounts directly but I think it will be solved within few months.

[BidaManEris]

Some banks already do this. Some banking institutions here in our country has already been accepting investments in cryptocurrency. and some even using it already as a payment providing tool registered by our country's central bank.

[StackGod]

It's the inevitable end to Bitcoin's journey. Probably the highest barrier to entry is how hard it is to safely have custody of your coins- even Bitcoin pros manage to lose private keys or hard drives, or accidentally wipe wallets. For the layperson, it's simply not feasible to store coins safely. That's where banks will come in, providing a crypto custody service.

[Shujah]

I heard this news in America one bank already start holding and treating bitcoin, many of advanced banks must be involved in crypto market very soon. 

[cryptofly]

I just want to add that China has been testing the Digital Yuan as far as I understand when reading news in CT.  Would some one of you please let me know if this is true, that China has created its digital coin and is doing first "acceptance test" in places like Starbucks and major Hamburger Franchisees Stores?  Thanks and good luck .

[Baqee]

Banks accepting BTC will be a massive boost for them and for BTC users. But as we know BTC is not yet accepted in most countries and we all know why. I believe with time BTC and some other crypto coins will be acknowledged everywhere, as long as they don't loose their value.

I did prefer it remains an online currency, its worth a lot in many countries. Banks who start using them, risk being targeted, also customers.

[Killlm]

I think Bitcoin should be accepted, because Bitcoin is a very good currency, Bitcoin is the digital and expensive currency in the world, the price of Bitcoin is increasing day by day and its users are increasing, so the bank should accept Bitcoin, but I think the bank will accept Bitcoin very soon.

[ankit16]

This will be a good news if banks would choose btc but i don't thing this will happen because there is too risk. Banks will never accept btc. My country doesn't accept and it is not legal.

[Young01]

Banks should take it or rather be planning on adoption this system. Many other development need to happen before this phase of banking is looked into, security is one of such thing that need to be taken into account seriously. This is something that can definitely happen because we now have bitcoin ATM in some countries.

[BidaManEris]

6 hours ago, ankit16 said:

This will be a good news if banks would choose btc but i don't thing this will happen because there is too risk. Banks will never accept btc. My country doesn't accept and it is not legal.

Banks should, but I won't vote for BTC like your government does. BTC looks more like gold to me to become a physical asset to use within the markets. I would vote for other coins to be a candidate such as XRP though.

[Aponix]

 

banks do not accept decentralized cryptocurrency technology because they do not control it, however they recognize that it is a good system, but what they want is to keep unlimited printing of money without backup and that is why they do not give up before the change

[dynamo01]

There is not much risk in banks adopting bitcoin as part of its business option because we can even see that we have bitcoin ATM already, it is just a matter of time before the system get technical enough to be able to handle more bitcoin transaction options.