We are hearing buzzwords like, "real-time payment methods" and
"War on Cash" from people in the financial industry.
McKinsey research forecasted back in 2014 that more than 50% of
incremental revenue in almost all banking products in Western Europe
will be digital
by 2018. When we look at the trend, it looks like this is becoming a
reality.
Bitcoin might not replace these financial institutions, but they will
force them to change!
In the future, that would be the changes we are going to experience. Since everything is evolving like the Monetary institution will do, because they don't want to be left behind by cryptocurrencies which is now skyrocketing in the market. Evolution is the reason for all the changes to be happening around us most especially in our monetary institutions.