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Is there any bank that accepts bitcoin as a means of credit?

  • Thread starter Thread starter Kamon c4
  • Start date Start date
Kamon c4 said:
Some banks are endorsing cryptocurrency now but I haven’t heard of any bank that accepts cryptocurrency as a means of receiving money
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No, no bank is ready to accept Bitcoin but in future may be banks start to accept because of the demand of this cryptocurrency
 
Crypto is prohibited by many governments worldwide, how will banks accept them?
 
Hnishas said:
You are right,but I think in future , government of different countries ll accept Cryptocurrencies. Nothing is impossible..!!
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For my country and all the Arabian countries will be impossible to happen and you know the reason but maybe will be available for the rest one day.
 
A little bit of research told me that there are a number of banks that are slowly accepting crypto, so long as it isn't linked to loans or credit lines.

Examples:
JPMorgan created a coin to allow bank transfers between international banks, via the faster crypto transfers.
USAA allows your online bank account to be linked to Coinbase, so you can access crypto from their banking website.
Simple Bank works with crypto exchange markets.
Goldman Sachs released a token based off of the stablecoin framework.
Banco Masventas is working to allow bitcoin payments across international boundaries.
Fidor Bank is working on partnering with a us based company, to create an altcoin bank.
Change and Worldcore, has loadable cards that can be used to make purchases anywhere.
 
Most banks do not settle for bitcoins instead if you would like to exchange bitcoins in banks meaning you're willing to pay a high quantity in bank exchange rates.

Let Maine tell you the explanations that we've bitcoin exchanges as banks and why you would like to verify your account by financial statement,residential proof of address,and your identity documents?…that compliance is employed to love you checking account together with your money dealer for creating deposit dealing,or withdrawal with none issues that is why is named friendly money dealer

So continually confirm your pocketbook verified to simply exchange your bitcoins to currency note with none issues toughened
 
I don’t think there’s any at the moment but I read it somewhere that Citibank is working towards it hopefully very soon we’ll see the output
 
Joshua Farrell said:
A little bit of research told me that there are a number of banks that are slowly accepting crypto, so long as it isn't linked to loans or credit lines.

Examples:
JPMorgan created a coin to allow bank transfers between international banks, via the faster crypto transfers.
USAA allows your online bank account to be linked to Coinbase, so you can access crypto from their banking website.
Simple Bank works with crypto exchange markets.
Goldman Sachs released a token based off of the stablecoin framework.
Banco Masventas is working to allow bitcoin payments across international boundaries.
Fidor Bank is working on partnering with a us based company, to create an altcoin bank.
Change and Worldcore, has loadable cards that can be used to make purchases anywhere.
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Thanks for this update ,it is good we make search before concluding, the national Bank of Canada also accept bitcoin and Revolut in United kingdom also does.
 
Kamon c4 said:
Some banks are endorsing cryptocurrency now but I haven’t heard of any bank that accepts cryptocurrency as a means of receiving money
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That will be cool, but I sincerely doubt if it can ever happen, because Banks now see cryptocurrencies as a threat to their business.
 
For now I don't know any accepting it but I know there will surely be some that will be accepting it
 
Odekayodejnr said:
For now I don't know any accepting it but I know there will surely be some that will be accepting it
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Probably the banks in your country are not accepting Crypto currency at the moment, if you read up my comment and one other person you will see the banks that currently accept bitcoin
 
I can't really say if there any bank that accepts it but I'm sure there will be one soon. Cause we all know cryptocurrency is what people are taking about now. I'm sure banks will consider it soon
 
Kamon c4 said:
Some banks are endorsing cryptocurrency now but I haven’t heard of any bank that accepts cryptocurrency as a means of receiving money
Click to expand...
I have never heard of such a bank too. I think most of the banks are not yet that advanced to start accepting bitcoin. Moreover, many people still prefer fiat currency to the cryptos. Those who have bitcoin save them in bitcoin wallets and not the banks.
 
So far, here in my country there is no site that accepts it only in a virtual way in some pages.
 
Abigael said:
I have never heard of such a bank too. I think most of the banks are not yet that advanced to start accepting bitcoin. Moreover, many people still prefer fiat currency to the cryptos. Those who have bitcoin save them in bitcoin wallets and not the banks.
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The formal acceptance of the Crypto currency by the government of different countries will be a booster to banks to key into blockchain technology services and Crypto currencies activities.
 
ahmedo24 said:
The formal acceptance of the Crypto currency by the government of different countries will be a booster to banks to key into blockchain technology services and Crypto currencies activities.
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I agree with you. I hope they get accepted by many governments since they have many advantages. Unfortunately, the instability of crypto currency prices makes many governments not to accpet it just yet.
 
I once read a news that there is a functional Bitcoin bank in US where one can deposit Bitcoin with the bank for safekeeping
 
In our country the crypto currency is considered a commodity and not a currency so it is like asking if there is a bank that accepts casino chips as a means of credit. Banks deal with legal tender currencies that are regulated by the central bank (of the respective countries). Legal tender means the money is backed up by the government and not by any organization. Now this question - who or what is backing up the crypto currency?
 
Currently, there is no bank in the world that treats Patwaris as currency and gives you something in return. But that could happen in the future. A German bank has set up a section in the bank to buy and sell currency
 
In my region there is no bank that accepts bitcoin as a means of payment... But hopefully they will start accepting it very soon
 
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