Post
Topic
Board Altcoin Discussion
Re: Do you think opening a real bank account could be much easier using blockchain?
by
Polar91
on 03/09/2019, 23:51:07 UTC
There are factors to consider like the required KYC documentation for the chosen bank account and AML stuff. Selfkey would be releasing their bank accounts marketplace though. It seems like it will make the application process more efficient and easy that it can be completed in a matter of minutes. What are your thoughts on this?
It's not too far to happen more likely. Several banks are using Blockchain technology for their transactions for the sake of transparency, speed, and probably transaction costs. I'll be glad if all of banks worldwide would adopt Blockchain even though they'll require KYC or whatsoever since before it will happen, fot sure that there will be regulations and rules that banks need to obey and inplement to their clients hence action of money laundering is still not tolerable.