Will banks using bloackchain affect Bitcoin price?
by
Iotrez
on 23/06/2015, 09:41:37 UTC
Hi,
It seems that more and more banks are experimenting with Blockchain technology. Is this likely to cause the Bitcoin price to go up, even if its the underlying technology rather than bitcoin as a currency that the banks are interested in?
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Re: Banks building new sevices using blockchain tech
They cant use bit coin block chain if Bitcoin dont exist. This is adoption. Adopton is not only that you go buy Kabab with bitcoins. To do that you dont realy need Bitcoin. Bitcoin gives you much more.
So if the use of blockchain becomes more widespread, but the use of bitcoin as a currency doesn't, what effect will it have on the price of bitcoin?
Will there be any force to drive the price higher in this case?
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Re: Banks building new sevices using blockchain tech
by
Iotrez
on 09/06/2015, 10:03:45 UTC
Thanks, but aren't developments like this going to stop people wanting to use bitcoin?
If its no cheaper to use bitcoin why will they bother.
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Banks building new sevices using blockchain tech
by
Iotrez
on 09/06/2015, 09:37:43 UTC
Hi all,
I was just reading this article about LHV bank building an app using blockchain technology which "enables users to send and receive euros instantly and free of charge".
If banks start to do this then doesn't it mean that there is less of a reason for bitcoin? I thought that one of the main reasons why bitcoin will take off in the future is that it reduces costs for people.
As an investor in bitcoin, is this kind of development worrying?