What would be the future for banks?
Blockchain technology can be used to give access to financial services to billions of people around the world. Bitcoin allows anyone to send money across borders almost instantly and with little fees. How do you see the future for Banks?
Banks play an important role in society - giving credit which leads to expansion of the economy. Blockchain as a technology cannot replicate this role. If you talk about the operational efficiency and cost savings that the blockchain can provide, banks can co-opt this as well.