Ninjastic
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Topic
Board Bitcoin Discussion
Re: Banks and Bitcoin
by
belmonty
on 10/04/2015, 10:13:14 UTC
Quote from: rememberme on April 10, 2015, 09:32:32 AM
Quote from: Oscilson on April 10, 2015, 09:24:56 AM
Quote from: Kazimir on April 10, 2015, 07:41:05 AM
Quote from: edo777 on April 10, 2015, 07:32:44 AM
Hi evrybody,

i have a general question.

in your opinion, how banks can earn with bitcoin?
Offer Bitcoin storage (vault) with insurance. Invest in Bitcoin startups. Bitcoin loanss. Tons of other applications that aren't possible with fiat. Plenty of opportunities.

In fact, for them it's the same as for anybody else. With cryptocurrency, banks no longer have a privileged elite position, they're essentially just companies with the same possibilities and limitations as any other company or person. So if others can earn with Bitcoin, so can banks. Sounds fair to me!

You can also save bitcoins in those banks and they can loan out. You can also have bitcoin credit (debit) cards. The fee could be lower.

And why would they want smaller fees, for "customer satisfaction?" lol

The banks make a fortune from credit (debit) card fees and wire transfer fees. They will fight anything that jeopardizes that income, especially Bitcoin. That's the reason they are sometimes closing accounts with any  transfers from Bitcoin businesses or exchanges  without giving any reason.