Hey.
Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list.
They're also described successful cases of using blockchain in banks (if you're interested -
here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course).
Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?
We cannot expect the smaller banks to implement a system consisting the transaction and investment of blockchain in it. It would require lot of expenses and time before that happens and considering that a bank is just a small one, we cannot expect it to be suffecient enough to provide the money need to collaborate with blockchain. I think we should first look forward on having cryptocurrency and fiat in harmony under those banks and then hope for more if it works well. We should not be in a hurry or else things won't work properly.
No i guess where it isnt really that expensive enough to switch fully or integrate blockchain tech into their operations no matter how
small the bank is.The thing here is that, they would consider on using it up?
Banking sector would surely have second doubts on integrating this new system yet they know that everything would be transparent or
can be seen on a public ledger.For sure they would always have that second thoughts.