Post
Topic
Board Economics
Re: Will there ever be a Bitcoin Bank
by
flower1024
on 12/12/2017, 11:20:53 UTC
Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.

I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.

The current Bitcoin bank sounds ambiguous, but in the future I think there will be a BTC if the currency becomes the main form of payment in the world. But now the BTC is facing a major barrier that is banned in some countries around the world due to instability in the exchange rate of this currency, so the dissemination of BTC in the world would probably be difficult towel. But I always believe the future of money will be the BTC, predicted 20 years later Bitcoin will replace the current cash so the future will have Bitcoin bank dedicated to cryptocurrency.  Tongue

We can expect this but there is no assurance, who knows if all country ban bitcoin and it may lose its value. Of course, if people do not get chance to cash out bitcoins then who will use it. And if it ban means nobody will accept this as the payment mode. It all depends on country governament decision. So I don't know how many years we have to wait to see bitcoin bank.