Why do you think banks like UBS and BNY Mellon are experimenting with bitcoin.
a. They are interested with bitcoin and want to integrate with it
b. They want to crash bitcoin thats why theyre doing background check
c. They want to make their own digital currency
d. What do you think?
yeah, I'm going with a combination of B & C. I recently posted something similar in another thread, but I think eventually the large banks (the Fed included) will be blockchain based. Common banks (UBS / BNY Mellon) will use the tech for remittance, whereas national banks (the Fed) will use it as currency (or remittance with common banks, kinda the same thing).
Which will be interesting. The one thing to keep in mind is they will have private, dedicated blockchains (probably mined with unique hardware) and their consensus will be internal - thus, modifying the money supply at will is still possible.
I think a great side-benefit of this development will be very robust internet infrastructure.