Post
Topic
Board Bitcoin Discussion
Re: Why Banks on blockchain?
by
leetcoiner
on 15/11/2018, 23:00:12 UTC
https://cointelegraph.com/news/singapore-central-bank-partners-with-deloitte-nasdaq-on-blockchain-asset-settlement/amp
http://news.abs-cbn.com/business/05/21/18/unionbank-to-link-rural-banks-using-blockchain
What is the possible reasons why banks adopt of joining blockchain?  Please share your opinions . Is it really  helps rural banks  and small banks to be more productive and efficient? Is it faster and easier in terms of financial transactions to the  mass market and brings down the cost of service?

Banks are joining the blockchain because if they do not do it very quickly now, their business may die in the next couple of years. Those banks that implement blockchain now provide themselves with a huge leap forward in the next 2-3 years. Banks will remain Fiat institutions, but transparency should be clean. And not only in private banks, but also in goverment ones.