Re: Santander: Blockchain Tech Can Save Banks $20 Billion a Year
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.
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.
Maybe in a long view the bank can create new services for the users, and give some opportunity for the final users, but obviously they will keep the major profit for they. In a short term view I think an interest of the Bank in the blockchain can help the growth of bit coin (as value, as people that use/know etc )