Bitcoin is the first known digital currency in the universe it was introduced by a genius scholar and was introduced by a pseudo name Satoshi Nakomoto . The main purpose for the creation of Bitcoin was to eliminate the interference of a third party in the transaction of currencies and that has been succeeded by this digital decentralized currency.
However, with financial institutions getting involved, we might be heading back to the system we're already in: One with third parties and plenty of interference.
All this work put in and now that virtual currencies are becoming mainstream, their end might be near...