Post
Topic
Board Economics
Re: Why Big Banks are so Nervous About Bitcoin ? Why ?
by
Ethelbert Moore
on 09/06/2018, 07:49:23 UTC
Digital currency, as is the case with Bitcoin, helps to smooth the lending process. Recall what happened in 2007-2008 during the financial crisis. Credit dried up as banks stopped lending, and the markets froze. With a digital currency like Bitcoin, lending is decentralized, or peer to peer, and as a result, lending may continue, allowing money to reach those who need it.