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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
eLdavis said:
Yes currently right now, there are banks that have started accepting crypto as a means of crediting, you could also call them crypto friendly banks. In the US banks has started Supporting crypto currency payments. And i believe with time more banks like this would rise up as well
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I have noticed this as well and many banks are actually starting to offer cryptocurrency services to their clients. I think that this could possibly be an avenue that they are using to regulate cryptocurrency usage.
 
I don't think there is any bank that currently does this. And if there is any bank that does this, people will be flocking in and out of it.
 
Many banks are still resistant to bitcoin capital One is currently declining credit card transactions to purchase cryptocurrency due to the limited mainstream acceptance and the elevated risks of fraud loss, and volatility inherent in the cryptocurrency market a capital One spokesperson told breitbart news recently. TD Bank and PNC Bank have also blocked transactions involving cryptocurrencies, as well as, JPMorgan Chase, Bank of America and Citigroup, and Discover have all banned the purchase of bitcoins on their credit cards
 
Maybe because they don't have enough knowledge about how they are going to do with its volatility if it's disadvantageous. They may still be doing research to know how it's going to favour them if they accept it, because I still believe they will later succor.
 
Well i have not really seen any bank that has been accepting the use of cryptocurency as a means of deposite,it will not really be a good idea for them to have something as unstable as the crypto as a means of deposit.
 
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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I have not heard any bank accepting crypto as a medium of payment. I think this would be huge news for the community, but I’ve not been made aware of anything like this
 
Because of the laws made by the Federal Government that all banks should associate themselves from cryptocurrency , it is not possible for you to see any bank that directly deal with bitcoins or any other cryptocurrency. I don't know of other countries.
 
Frankly speaking as of typing this reply I honestly don't have any idea that there's any bank in my country that accepts crypto currency and any kind of transactions that involves crypto currency. However I'll check on it and find out of the same
 
Some banks outside the country might have been accepting bitcoin as deposit but it has not been happening here in my country, i beileve it would have been happening if the government did not ban the use of crypto currency .
 
There's been no bank that has accepted due to the high volatility of this coin which could lead to great losses, no bank would be will to invest or have a such a risky time/venture.
No matter how table they claim there'll be returns
 
Treborika said:
Frankly speaking as of typing this reply I honestly don't have any idea that there's any bank in my country that accepts crypto currency and any kind of transactions that involves crypto currency. However I'll check on it and find out of the same
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If there is no ban on the use of bitcoin and crypto currency coin in general in my country , people are already using bank as an avenue to exchange crypto currency.
 
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