Thanks, but aren't developments like this going to stop people wanting to use bitcoin?
If its no cheaper to use bitcoin why will they bother.
don't forget that euro and other fiat, to be send may be free of charge, but there are always other cost involved, for your credit and debit card, instead with bitcoin besides the lowercase fee, there are no other type of fee
also there is always the decentralized aspect, and the store of value that bitcoin offer over fiat, it's not only about fees
Hi all,
I was just reading this article about LHV bank building an app using blockchain technology which "enables users to send and receive euros instantly and free of charge".
If banks start to do this then doesn't it mean that there is less of a reason for bitcoin? I thought that one of the main reasons why bitcoin will take off in the future is that it reduces costs for people.
As an investor in bitcoin, is this kind of development worrying?
http://www.coindesk.com/lhv-bank-backs-wallet-app-built-on-bitcoins-blockchain/They cant use bit coin block chain if Bitcoin dont exist. This is adoption. Adopton is not only that you go buy Kabab with bitcoins. To do that you dont realy need Bitcoin. Bitcoin gives you much more.
Yes this is future of Bitcoin. People will not even know they are using Bitcoin. but they will daily.
Now we mainly get lost explaining people what Bitcoin is. That is just a waste of time. People are not interested how and out of what their car was made. They are just interested how fast and comfortable they will travel from home to their job with it.
something along the line, of "they will use euro, the system convert those in bitcoin, without telling you, those bitcoin will be send to the recipient, and then converted again, without you know nothing about it"? it could work, but not without fees