Ninjastic
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Board Bitcoin Discussion
Re: Does any bank accept Bitcoin?
by
deisik
on 28/02/2017, 10:10:50 UTC
Quote from: richardsNY on February 27, 2017, 05:25:37 PM
Quote from: Dr.Osh on February 27, 2017, 03:48:07 PM
Quote from: Gameroid on February 27, 2017, 02:29:10 PM
Quote from: requester on February 26, 2017, 05:26:53 PM
No banks doesn't deal with bitcoin because bitcoin is still not considered as legal money in our country so till now no banks accept bitcoin. but banks are making themself ready for future with such own currency.
Yes currently they are not dealing in bitcoin but I think in future when the users of bitcoin will increase then I am hopeful that they will start accepting bitcoin and may be they create a separate system for that but currently they are not accepting bitcoin in banks.
well, maybe for bitcoin is not legalized, maybe banks will never accept bitcoin. it might make some banks have a poor performance, because it receives something that has not been legalized. but, when the bitcoin has become something that is legal, it is very much a bank will accept it.

Banks have no reason to adopt something that isn't properly usable as full time currency solution. Banks will much rather have their own digital currency created that is linked to every dollar or euro that goes through their system. It will take away all the annoyances people struggle with right now when it comes to using Bitcoin as currency solution. Who doesn't like instant and free transactions that also happen to be insured?

There are quite a few such "currencies" already

They may have fancy names like Yandex.money (which is now under the aegis of Sberbank, Russia's biggest bank) or WebMoney (I don't know much about the latter, though). These are obviously not currencies in their own right (like Bitcoin or any other cryptocurrency) but rather payment systems which are mediating online payments and transfers with a local currency. I've heard about some company (in Canada, if I'm not mistaken) which actually started issuing their own private money tokens but this money was quickly banned by the government and company ruined (if my memory serves me right)