Re: Banks will use blockchain

Quote from: aardvark15 on January 28, 2018, 02:22:31 PM

Quote from: Beehives on January 28, 2018, 09:19:56 AM

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

Blockchains will probably be used in various industries because of the benefits of this technology. However, this doesnt mean they will use Bitcoin or any other decentralized blockchains. They will most likely make their own centralized blockchains. I dont really think this will affect Bitcoin because Bitcoin still has the advantage of being decentralized.

Correct, they are not into "Decentralization" but they're up to "Centralization" We all know that the blockchain technology is very useful in many other ways not just for crypto currencies and digital asset trading. I don't think that this kind of act will affect crypto currencies price in the market except if the banks will use the decentralized cryptos(but I don't think they'll use it). Cool