Quote from: The Pharmacist on November 29, 2019, 04:17:15 PM

Quote from: fillippone on November 28, 2019, 05:56:30 PM

It makes a lot of sense for a Bank to sell Bitcoin.

Yes it does, and I'm actually surprised that banks haven't started to do it yet. Granted, banks don't sell gold or stocks or other investments, but bitcoin is kind of a hybrid thing--an investment that's also a currency. And most banks also offer some investment services, usually to their wealthier customers. The only thing I can see that would make it not make sense is that banks are well aware of the criminal activities bitcoin is associated with and I'd think they might not want to be connected to any of that.

But here's the thing:

Quote from: fillippone on November 28, 2019, 05:56:30 PM

But why would make it sense from a customer point of view?

As a customer, I'm not sure I'd want to purchase bitcoin from a bank. That would be almost as bad as buying it from the government. They would obviously know where that bitcoin is going and perhaps even what it was spent on if they could connect addresses. If you're not doing anything illegal, it wouldn't cause you any trouble but who wants banks or the government tracing your financial transactions? They already can if you're using your debit card or checking account, but my guess is that if you spend bitcoin you'll be under a microscope. Yikes.

However, I do agree that this is a bullish thing overall. While I wouldn't take advantage of such a service, other people might--and I hope it works out in Germany and that adoption increases there as a result of this.

For sure its good and bullish news and more countries as banks will follow this.... for me personal, I wouldn't use it, but I guess new users will, though many OG users probably already using banks for safety to store their BTC... for people with some holdings it would already been logical to use bank vaults to have their BTC on a safe place.

Of-course I wouldn't like to purchase from a bank, but it will be interesting to see how banks are dealing with the sales of BTC, are banks gonna buy first and resale BTC and how much BTC would a bank buy to keep in storage and use to sell to clients?? How will banks store BTC and if clients want the bank to keep their BTC then where will banks store their clients BTC etc..... didn't read to much about this yet myself ...