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Topic: Banks adopting Blockchain dramatically faster than expected (Read 363 times)

full member
Activity: 364
Merit: 138
dApps Development Automation Platform
Adapt or die. I think this is now the main rule for banks, so we are seeing what you are talking about.
Probably many of them will still die with time as well as the old-style banking system.
full member
Activity: 756
Merit: 100

Banks understand that they need to adopt new technologies in order to have a permanent profit. I am sure that in the near future they can also accept crypto-currencies and exist in parallel.
jr. member
Activity: 452
Merit: 7
not only banks are implementing blokchain, for example want to make documentation in hospitals for blokchain or hold elections,
member
Activity: 210
Merit: 10
Who cares if the banks are adopting blockchain technology?we are here because we hate them because of their centralization crypto and bitcoin was born,
member
Activity: 83
Merit: 11
Found my post helpful ? click "merit" please ;)
speaking honestly, i hate banks, but nothing can stop them, they have too much power and too much money.

i think its safe to say that banks will never EVER invest in any free crypto currencies. that is so impossible to happen.


i really don't see the banking system going into the freemarket and pumping the price of ripple, this would be so unprofessionnal, and so risky for their own funds,

or maybe i missed something, and they did actually outsmarted me on this by a long shot ?? i just don't get it
member
Activity: 227
Merit: 10

2016 article. From IBM.
Intended to hint about stellar, not ripple.
member
Activity: 210
Merit: 10
Morelikely they are doing the opposite of this bro,some banks are started disabling people's account that are connected to cryptocurrencies.
full member
Activity: 210
Merit: 100
blockchain is future technology,
that's what i can not argue from discussion post above

event bank is now realise can not win against it, so they join it
some post above said that it is use ripple technology, i've read about it too
LOL,thats why the banks are disabling the accounts of the crypto users in other countries?
where is this happening? i want to know more baout this tragedy
member
Activity: 210
Merit: 10
LOL,thats why the banks are disabling the accounts of the crypto users in other countries?
legendary
Activity: 1512
Merit: 1041
I guess this is one of the reasons XRP has been running so good lately. But as far as I know not that many banks are using the XRP token but thaty are basing their system on the Ripple technology. Then I think they are developing their on token. Or that is the impression I have gotten anyway.

Either way, banking is a huge market for the BlockChain technology so I don't see XRP going down any time soon.
XRP may not be going down soon but I would not trust that to be. It is the crypto market and XRP may be driven by the banks but that does not mean it would keep on like that forever. Also, the banks adopting blockchain technology does not mean they are picking interest in XRP being a banker's coin as they can just decide to make use of the technology from the scratch themselves.

I am not surprised XRP would be their main coin to use in this essence and which is why we have been seeing some huge consistent growth on this one. I am not sure how long this is going to keep on but I am really looking forward to how much the value of XRP is going to be driven to before the year runs to an end. Nevertheless, the banks can make use of the blockchain technology even without XRP.
full member
Activity: 196
Merit: 100
I sold a little XRP to my friend and do not regret it.
I hope that he will be interested in crypto-currencies and he will start studying trading soon  Cheesy

XRP really fast and even if it's not a "true" crypto it still fast as hell and useful.
member
Activity: 194
Merit: 10
Yes mate XRP is the banker's crypto and it will kill our decentralized community in the future.
hero member
Activity: 2240
Merit: 953
Temporary forum vacation
I should have known not to listen to my gut feeling about Ripple! I stayed away mostly because it was all about the banks and have been very wary about putting any investment on that sort of corporate cooperation. Then again, maybe that sort of formal strategy is good for profits? Ripple is really moving fast now, and one can only guess this is the work of the banks that have moved onto using it. Now, what do you think, will NEM and the Japanese similar connection also result in the same price movement?
member
Activity: 69
Merit: 10
They are definitely using the same tech as with Ripple but not the coin itself after all they can just hire someone to make a cryptocurrency for them to use at their own convenience. Considering that the things required to create one's own crypto is open source, it is very likely for banks to use only the capabilities of blockchain tech and not ripple or crypto itself.
agree
using the same technology is not the same with using the coin itself
so if when people go rush to invest in ripple think that bank will cover their money this will be bad in long term if bank announce their own coin
blockchain is future, it can help many people including bank
and i'm sure not only bank will adapt blockchain technology in the near future
legendary
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
They are definitely using the same tech as with Ripple but not the coin itself after all they can just hire someone to make a cryptocurrency for them to use at their own convenience. Considering that the things required to create one's own crypto is open source, it is very likely for banks to use only the capabilities of blockchain tech and not ripple or crypto itself.
Yeah, and I do not see why they would want to pick XRP when they would probably looking at the point of having the high stakes in the market of the crypto they choose to develop and have the ability to manipulate it however they want.
XRP may be going up in value right now, but that does not totally mean the banks have fully accepted it as a cryptocurrency to use when like you said, they have everything to develop afresh.
member
Activity: 122
Merit: 15
Long Live BTC
It is  a good strategy if banks would consider integrating blockchan technology in their current transaction so as to be on the flow of the latest technology, and also to mantain their clients.
sr. member
Activity: 1470
Merit: 325

Yes, most of them are using Ripple.

Don't fool yourself that they are entering into cryptos or are doing it for you. They are doing it with the sole purpose to increase profits. Because blockhain bases inter-bank transfer are x100 cheaper and faster than current systems.


not necessary profits,

profits are those that work for money yeek to achieve,

the banksters are simply trying to fid idiots that they can steal from with "crap made out of thin air"

they have therefore also invented a "licensing" system
sr. member
Activity: 1470
Merit: 325
hero member
Activity: 800
Merit: 502

Yes, most of them are using Ripple.

Don't fool yourself that they are entering into cryptos or are doing it for you. They are doing it with the sole purpose to increase profits. Because blockhain bases inter-bank transfer are x100 cheaper and faster than current systems.

Yes i agree
member
Activity: 84
Merit: 10

That would perfectly explain why Ripple went up so much and not only Ripple, the other altcoins as well. I thought I would get a good opportunity to buy in february, guess I was wrong...
i know it... but i missed it already
this bank want to control money again... they do not want to lose control of money that always in their possession
i think sudden increase in marketcap of blockchain make it happen
i wonder what will happen between investor and bank and also trader in thic crypto world
will bank win again??
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