Quote from: BigBos on September 19, 2023, 02:13:44 PM

Quote from: coin-score.ai on September 19, 2023, 08:49:14 AM

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

Do you mean the bank as a whole?

In my view, so far we are still not completely convinced that unless the country opens up its policies globally regarding the status of Bitcoin, then banks will be able to do the same. However, if you operate where Bitcoin is not used as a legal medium of exchange, the bank will face a very risky challenge. Transaction involvement in banks is about controlling financial entry and exit, so to see banks implementing the Bitcoin payment system means we need to look at central government policies first and not immediately establish policies outside the bank's authority.

Yes true, we are still a while to go before anything like that to happen. I do agree that it is going to be a tough one but we are going to get there eventually which will be fine, I do believe that we need to reach to a point where life will be easier to handle and should be considering it a bit better.

I agree that it is not simple to get the banks to be a lot more public and open about bitcoin, they are not all entirely sure about the process and if it will be profitable for them and what are the negatives and what are the positives, so we just have to give them some time to make their calculations. If the result gets to a level where they should do it for their own good, they will do it anyway.