Quote from: J Gambler on October 25, 2018, 10:01:40 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.

That's true. More efficient, easy to use and secured as well. Instead of going to bank to withdraw money, you can just use the cashless transaction options from online wallets. You can also earn while at home. Additionally, even 7 year old kid can use Bitcoin with ease.

- I can not deny that bitcoin is actually more efficient than bank transactions when the speed of transactions is quite fast and the distance is the whole world but it is not perfect, sometimes it can happen problems as delay and if we send the wrong address, that money will not be able to retrieve it. People can not fully trust it while banks are very reputable in such matters, they can handle very quickly situations, and therefore, bitcoin can not compete with banks, and banks are not afraid of it as many have said, they are only afraid of solving the problems that bitcoin brings