Post
Topic
Board Economics
Re: The future of banking industry in blockchain
by
uneng
on 12/11/2019, 16:50:51 UTC
Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?
It's not cheap and easy to operate a small bank in a country due to regulations and taxes. It's tiring enough to make it work in a traditional way that I believe they don't think about complicating it even more by adopting a new system, as the current traditional one fulfills their demand for now.
I mean on the practice there won't be extra gains for these banks to adopt blockchain, so why to spend money and effort on it?