Ninjastic
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Topic
Board Economics
Re: Banks must adopt new technologies to survive an ongoing “extinction phase”
by
kotwica666
on 20/11/2018, 16:00:30 UTC
Quote from: YinShuiSiYuan on November 19, 2018, 06:14:10 PM
Quote from: fauzan Ichsan on November 19, 2018, 12:28:03 PM
Quote from: FunGate on November 19, 2018, 11:59:20 AM
I think decentralized versions of everything will replace the existing structures because they ensure true democracy and trustworthiness.

Decentralized social media platforms, marketplaces, news websites, fintech services. We're at the beginning of a massive overhaul!
of course the first to feel it is a bank, because in addition to the blockchain system there is a cryptocurrency, both of which are interrelated. therefore bank must adjust the situation to remain in existence

Banks will certainly deal with this "problem". They will adopt blockchain to their own needs using the existing cryptocurrency experiences. After all, bankers observe what is happening in the world of finance and technologies used there and react to emerging threats or opportunities that they may use for their own purposes.

Actually, it's already happening.. Look who's in second place on Coinmarketcap.. Wink Now it is XRP.
Ripple is a tool for banks and if it is not yet the final tool that banks will use for transactions, it is definitely an "experiment" based on which they learn how to use Blockchain for their own purposes.