Post
Topic
Board Economics
Re: Banks must adopt new technologies to survive an ongoing “extinction phase”
by
futile-resistance
on 20/11/2018, 05:00:39 UTC
Yes, I think blockchain and crypto are one of the technologies in question. I think blockchain technology that is decentralized and has transparency will be sought after by everyone rather than conventional bank systems that still use the old method. In addition, cryptocurrencies that are controlled directly by the holder will ignore bankers who are fully controlled by the central bank and the state.
I really do not see any ignoring here at some point. Banks will always be banks and they will know how to adapt to every new technology for their own benefit, take it or leave it.

Sure, there are a lot of policies within the system of governance that holds bank into play, but as time goes on, as more people get to keep adopting the blockchain technology as well as the crypto space entirely, there is no doubt that banks will find a way to figure out how to put themselves as well on the line, rather than sitting on the sidelines.