Topic: [2015-05-13] Blockchain Tech Could Improve Banking, Says EBA Report (Read 465 times)
No one uses banks as middlemen.
May 13, 2015, 04:18:05 PM
Could improve banking? It actually makes the bank as middlemen obsolete.
May 13, 2015, 02:56:43 PM
Blockchain Tech Could Improve Banking, Says EBA Report
Full story: http://www.coindesk.com/blockchain-tech-can-improve-banking-says-eba-report/
Quote
Blockchain technology has the potential to reduce costs, improve product offerings and increase speed for banks, according to the most recent report from the Euro Banking Association (EBA).
Founded in 1985 and supported by the European Commission, the EBA is a practitioner's body for banks and other service providers that promotes a pan-European payment system and business practises.
Despite mostly dismissing digital currencies – the report notes they differ from "legitimate fiat currencies" – it asserts their applications are essential for "gaining more advanced knowledge of crypto technologies".
Founded in 1985 and supported by the European Commission, the EBA is a practitioner's body for banks and other service providers that promotes a pan-European payment system and business practises.
Despite mostly dismissing digital currencies – the report notes they differ from "legitimate fiat currencies" – it asserts their applications are essential for "gaining more advanced knowledge of crypto technologies".
Full story: http://www.coindesk.com/blockchain-tech-can-improve-banking-says-eba-report/
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