Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
Karolus
on 24/08/2016, 15:12:56 UTC
Two months ago I wrote that banks considering using blockchain weren't interested in Bitcoin. Today the news media is saying that a group of giant banks are seeking regulatory approval to use blockchain and their own proprietary coin. Obviously the banks don't trust or need Bitcoin.

http://www.bloomberg.com/news/articles/2016-08-24/ubs-rivals-to-push-digital-cash-backed-by-blockchain-ft-says

Bitcoin's odds of taking over the banking system look grim.