Re: Bank in Norway now supports Bitcoin

Quote from: Celsiuss on May 14, 2017, 03:10:31 PM

A bank called Skandiabanken in Norway now supports Bitcoin. However you cannot purchase the Bitcoins through the bank, you'll be redirected to Coinbase in order to buy.

I don't have this bank myself, so I cannot test this. It seems like it's just linked to Coinbase and the bank does not store the coins on their servers.

This feature is in a beta phase, and the laws in Norway could cause conflicts. I think this is a huge step, and I hope this will soon be supported in more banks. This feature is mainly for investors, you cannot use it to pay bills and such.

Here's a link to the article translated to English: https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.no&sp=nmt4&tl=en&u=http://e24.no/privat/bitcoin/naa-faar-du-bitcoin-i-nettbanken-kan-ikke-fornekte-ny-teknologi/23996559&usg=ALkJrhjVd47hlRvCuPcMw4r7-8SKmywfYw

It's good news that a bank is acknowledging bitcoin, however in practice redirecting to someone to coinbase for a purchase of bitcoin isn't really "supporting bitcoin". If they really supported bitcoin then they could add bitcoin banking options, and treat bitcoin like a foreign currency.

You can buy bitcoin with coinbase in the US, but are US banks supporting bitcoin? Think about it. They merely act as a money storing and transmitting service for people who trade bitcoin, nothing else. They can add coinbase api too to their website.

But I'm not trying to say that this is bad, it's good. However banks are something that bitcoin was created to rid of in the first place. We don't need the SEC or banks to acknowledge that bitcoin is good to have a successful blockchain.