Post
Topic
Board Bitcoin Discussion
Re: UnionBank to offer Bitcoin trading on mobile app in Octomber
by
michellee
on 19/09/2023, 12:42:05 UTC
What is your opinion, do you think that banks are slowly starting to adopt Bitcoin?
Source:
https://cointelegraph.com/news/union-bank-of-the-philippines-launches-bitcoin-and-ethereum-trading
I think we need to wait for a while first , I mean lets see the effect first and if people in crypto will take this as advantage or another threat because this will surely involving KYC in which many of us tries to deny passing if given a chance.
anyway I love this to come if ever and I am surely one to use this when that happened .
Even if that source does not mention KYC, but I feel that KYC is a must thing that users will comply and need to do KYC when they want to use the apps. We do not know what the reaction from the user is but they will not have a problem with that, although the other users can choose the other apps.

Those who care about their identity will not want to use it and will stick to what they used until now. And using that apps will be an option for their people because their people already have their favorite apps.

Yes, we need to wait for a while and see the result. If people like it, it will help the adoption. But if not, I hope the apps still have an update from the developer so the apps can run for a long time.