Post
Topic
Board Press
Re: [2017-11-03]$1 Trillion Industry Being Brought Onto Blockchain
by
LeapTokenSale
on 04/11/2017, 10:37:03 UTC
insurance and banking industries are the two main ones that will benefit from the blockchain technologies.


No, the banking industry probably won't benefit from the cryptocurrencies. Firstly, banks are the opposite of the cryptocurrencies in the strict sense. They require regulations and governmental support, unlike the crypto world whose success lies in the fact that it's not regulated in any way. Secondly, the transactions between the currencies are not expensive and anonymous. How will the banks benefit exactly?