Quote from: EternalWingsofGod on June 16, 2015, 10:01:52 PM

Quote from: ChrisPop on June 16, 2015, 05:30:32 PM

Blockchain technologies could reduce banks' infrastructural costs by $15-20bn a year by 2022, a new report from Santander InnoVentures claims.

http://www.coindesk.com/santander-blockchain-tech-can-save-banks-20-billion-a-year/

Do you realise how much money is that? With such savings,the bank could raise bank deposits interest rate or lower the loans interest. That refers only to some banks,the majority are the ones who just want to keep the profits for themselves.

That is a lot of savings, the chances of it being passed to consumers is however very slim.
On the other hand it might allow smaller banks to remain competitive and scale up, such as credit unions.

Even if they find a way to make geat reductions of costs of running their banks, im sure they'll still keep charging the same ridiculous fees for the clients. Hopefully this pushes people into using Bitcoin instead of regular banking.