Post
Topic
Board Bitcoin Discussion
Re: "Future of Financial Services" written by bank industry, positive on Bitcoin!
by
chennan
on 08/07/2015, 09:16:17 UTC
My interpretation of their summary: Bitcoin gonna bring the hurt to staid incumbent financial biz.

Well I certainly hope so, but my fear is once the banks realize how much bitcoin is hurting them or how much money they can save they will just implement bitcoin tech into their own businesses rather than actual bitcoin which many banks are already looking into now. It's obvious that bitcoin tech can save them money as their systems are old and antiquated but they'll probably just create their own blockchain or one set up solely for the major banks to use so wont do us much good as bitcoin users.
Absolutely! Some major banks are exporing the bitcoin technology and seeking the potential intergration with bitcoin. They may intergrate the blockchain of bitcoin. It seems blockchains is more useful than just bitcoin token itself.