Quote from: project_delta on October 24, 2018, 04:50:37 AM

Quote from: Fersec on September 10, 2018, 04:38:14 PM

Bitcoin transfers even between countries on average the administrative costs are very cheap. Obviously more profitable than banking transactions, the administrative costs of which are still expensive.

I hope that all banks can see opportunities for Bitcoin to be utilized. Although I acknowledge the central bank's concern if Bitcoin transactions are used for prohibited matters.

One step that can be done by the Bank is to allow Bitcoin transactions on condition that they have to be registered on a special platform. Later the patform must be accompanied by a central bank permit.

This means that all bitcoin transactions must be recorded by regulators, now there are many illegal bitcoin transactions without permission and without supervision from regulators.

There is one country that can use it, for example in Japan that allows transactions with Bitcoin, even for payments in retail stores.

The government in Japan actually allows retail stores to accept payments via bitcoin. There are 4,000 stores that accept bitcoin payments. So far there are no problems. Even the Japanese government is making its own cryptocurrency.

Its all good but I feel like after a decade if bitcoin is accepted as a mainstream payment system ,the free will increase. Also the trouble is converting fiats into bitcoin, though if we can overlook that,yes it is the fastest and the most efficient way.

Do you really believe that Bitcoin will be live a decade later. I don't think it will be. I am sure of new way of payment will be come and we will use it.