Topic: Banks Could Use Cryptocurrencies to Mitigate Financial Crises (Read 290 times)
Central banks in countries banned bitcoin they want to control the cryptos, they do not care, so their economy is in the situation, they want to take control or control bitcoin to bring to profit for their country.
From my point of view i think banks are adopting with blockchain technology if they grave this technology they will be benefited. Now a days we all connected with bank for this reason they also need innovation.
they are using old ways to transfer they money from one country to another country it takes upto 5 days in swift wire transfer. It cost less and safer way to transfer money. IF banks start using crypto what will happen? They will buy money frist from their currency to crypto Then move funds and then receiver sell funds to withdraw money. its long process but time saving. Bank charges 20$ per transfer as same bitcoin charges 5 to 10$ per transfer. Bank transfer are not visible to anyone. but bitcoin transfers are visible anyone can where money coming and going.
Banks need to follow county policy as they are controlled by government. what if govt not want to regulate currency. They want to eat tax from people pocket. with bitcoin transfer they will not get money.
if any policy come in blockchain in future that govt want to add tax value to each transfer then it is possible to get regulation from government. and banks will also use system same
I also do see it that way but the problem seems to be that the banks are highly controlled by the central banks and these Central banks don't support cryptos, and so they give directives to banks to abolish involvement in cryptos. Other than that, the banks would have really adopted and joined crypto.
I should say that I know of banks here in my country that are already making use of the cryptocurrency trades to salvage the crises and recoup losses garnered over the years in their normal banking operations.
It would be pretty big news if that was actually the case. May I know what country you are from?As far as I know there has been one bank in Argentina that performed a cross border trade, but it used an external party to get the job done. I don't really consider that to be the same as the bank itself doing it.
The only reason I can think of for that bank to not perform cross border trades themselves, is that the legal framework isn't allowing them to do so since financial institutions are tied to strict regulations.
I should say that I know of banks here in my country that are already making use of the cryptocurrency trades to salvage the crises and recoup losses garnered over the years in their normal banking operations.
I believe we shouldn't focus on mending the sinking ship of the next economic crisis, but rather building a new and better and more protected one based on the blockchain. The fiat money and state monopoly over them is the reason for economic crises and we should deal with that root directly.
Banks will still be the main ones, someone has to keep the currency and exchange. Banks will not leave our lives.
"Morgan Stanley, One of the biggest banks in the world: Cryptocurrency could help Banks reduce fees and even save them from a financial crisis. Are we on the verge of revolution?
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
Could they do it? Yes, do I think they are going to do it? No and this is why, the problem is they are between a rock and hard place, if they did that, that will be admitting that bitcoin is better than what they are offering and people will realize this, but if they do not and the financial crisis grows then people will adopt bitcoin on their own to protect themselves, so no matter what they do this will mean a greater adoption by the population and this in return makes the financial system even weaker. Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
I believe that banks need to integrate in there current system the value of cryptocurrency/block-chain. People are actually sick and tired with all the hidden charges and exchange manipulation due to many middle man in the bank process. I believe that cryptocurrency will pave the way to lessen the charges and create faster and much efficient financial transactions. If banks will not integrate this, then they will run out of business in the long run.
Many people see the positive influence cryptocurrency brings to a company, in the financial area.People who are against bitcoin sees the positivity of the technology behind it. Blockchain technology is far better than any technological advancement that emerges. Many wants to ride the train and be part of this.
"Morgan Stanley, One of the biggest banks in the world: Cryptocurrency could help Banks reduce fees and even save them from a financial crisis. Are we on the verge of revolution?
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
You should actually read why central banks might want to use crypto, it's for nothing good.
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"Freely circulating paper notes and coins (cash) limits the ability of the central banks to force negative deposit rates. A digital version of cash could theoretically allow negative deposit rates to be charged on all money in circulation within any economy."
Essentially, the "benefit" of crypto to the central banks would be that you don't have to have your money deposited in a bank in order for the central bank to hit you with negative interest and directly steal money you have saved. If all money were digital like in a crypto-based economy, the central bank could force negative interest rates on every person in the economy, regardless of where they have their money. If you think this is in anyway a beneficial thing, that's frightening. This is a major argument against ever adopting a crypto-based or completely digital system.
that would be sweat scenario for crypto world. bank will save the world and we will become more wealthy, may be rich ))
According to me, I think Banks will adopt blockchain technology to avoid being displaced during this revolution - There are more opportunities for them if the adopt blockchain and i don't see any reason why they will not. There will be no replacement of banks just a change in operating business models in existing banks to adopt blockchain technology.
I strongly agree with this. I don't know why people think something like Bitcoin would displace banks. If anything, for a company that provides financial services and protection, something like Bitcoin is a dream come true. For your average person, using and securing Bitcoin is quite difficult. A bank could provide all kinds of products and make all kinds of money off of those types of services. It's just a question of when imo.
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A deputy director for the International Monetary Fund's Monetary and Capital Markets Department believes that central banks need to offer "better" fiat currencies in order to fend off any potential competition from cryptocurrencies.
The suggestions came in an article published Thursday, penned by deputy director Dong He. In that article – which boasts the tagline "Crypto assets may one day reduce demand for central bank money" – He argues that central banks may want to consider adopting some of the concepts in order to "forestall the competitive pressure crypto assets may exert on fiat currencies."
It's a notable statement and one that echoes past remarks from He as well as other IMF officials, including director Christine Lagarde. Indeed, Lagarde, back in March, said during an event that regulators should deploy some elements of the tech in order to "fight fire with fire."
He's argument in the latest piece is based on the possibility that, should cryptocurrencies and crypto-assets see wider adoption, there is a chance that central banks will lose their ability to influence the economy through tactics such as interest rate changes.
https://www.coindesk.com/imf-official-central-banks-need-compete-crypto/The suggestions came in an article published Thursday, penned by deputy director Dong He. In that article – which boasts the tagline "Crypto assets may one day reduce demand for central bank money" – He argues that central banks may want to consider adopting some of the concepts in order to "forestall the competitive pressure crypto assets may exert on fiat currencies."
It's a notable statement and one that echoes past remarks from He as well as other IMF officials, including director Christine Lagarde. Indeed, Lagarde, back in March, said during an event that regulators should deploy some elements of the tech in order to "fight fire with fire."
He's argument in the latest piece is based on the possibility that, should cryptocurrencies and crypto-assets see wider adoption, there is a chance that central banks will lose their ability to influence the economy through tactics such as interest rate changes.
It's possible(although unlikely in my opinion) that *central* banks will lose their power to influence their own currencies that they issue. But I'm thinking more about for-profit banks that operate as businesses being able to provide those services that they do now with cash, but for people using BTC.
According to me, I think Banks will adopt blockchain technology to avoid being displaced during this revolution - There are more opportunities for them if the adopt blockchain and i don't see any reason why they will not. There will be no replacement of banks just a change in operating business models in existing banks to adopt blockchain technology.
I strongly agree with this. I don't know why people think something like Bitcoin would displace banks. If anything, for a company that provides financial services and protection, something like Bitcoin is a dream come true. For your average person, using and securing Bitcoin is quite difficult. A bank could provide all kinds of products and make all kinds of money off of those types of services. It's just a question of when imo.
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A deputy director for the International Monetary Fund's Monetary and Capital Markets Department believes that central banks need to offer "better" fiat currencies in order to fend off any potential competition from cryptocurrencies.
The suggestions came in an article published Thursday, penned by deputy director Dong He. In that article – which boasts the tagline "Crypto assets may one day reduce demand for central bank money" – He argues that central banks may want to consider adopting some of the concepts in order to "forestall the competitive pressure crypto assets may exert on fiat currencies."
It's a notable statement and one that echoes past remarks from He as well as other IMF officials, including director Christine Lagarde. Indeed, Lagarde, back in March, said during an event that regulators should deploy some elements of the tech in order to "fight fire with fire."
He's argument in the latest piece is based on the possibility that, should cryptocurrencies and crypto-assets see wider adoption, there is a chance that central banks will lose their ability to influence the economy through tactics such as interest rate changes.
https://www.coindesk.com/imf-official-central-banks-need-compete-crypto/The suggestions came in an article published Thursday, penned by deputy director Dong He. In that article – which boasts the tagline "Crypto assets may one day reduce demand for central bank money" – He argues that central banks may want to consider adopting some of the concepts in order to "forestall the competitive pressure crypto assets may exert on fiat currencies."
It's a notable statement and one that echoes past remarks from He as well as other IMF officials, including director Christine Lagarde. Indeed, Lagarde, back in March, said during an event that regulators should deploy some elements of the tech in order to "fight fire with fire."
He's argument in the latest piece is based on the possibility that, should cryptocurrencies and crypto-assets see wider adoption, there is a chance that central banks will lose their ability to influence the economy through tactics such as interest rate changes.
I think that has got rare chance of happening. I am not sure what Morgan says but here is some thought from my side. The crypto currencies are themselves very unstable coins and thus they are not in the position of getting stable due to decentral activity which is their driving force. If they want to be perfect then they need to be regulated first. This will give them a specific value and thus large investment will raise them periodically but not in wavy patterns as we see today. That will be subsequent and gradual growth. These type of crypto currency can actually help the banks in such bad times but not the way you said or the Morgan.
There may have been a misunderstanding in his reading of the statement, but what distinguishes not all cryptocurrencies, but the Blockchain or some crypto "USDT & Ripple."
Some of the properties of Bitcoin make it useless to used in banks, so the best thing to get the Bitcoin accepted as a payment way.
The benefit of Bitcoin is to create money from nothing.
Some of the properties of Bitcoin make it useless to used in banks, so the best thing to get the Bitcoin accepted as a payment way.
The benefit of Bitcoin is to create money from nothing.
According to me, I think Banks will adopt blockchain technology to avoid being displaced during this revolution - There are more opportunities for them if the adopt blockchain and i don't see any reason why they will not. There will be no replacement of banks just a change in operating business models in existing banks to adopt blockchain technology.
I strongly agree with this. I don't know why people think something like Bitcoin would displace banks. If anything, for a company that provides financial services and protection, something like Bitcoin is a dream come true. For your average person, using and securing Bitcoin is quite difficult. A bank could provide all kinds of products and make all kinds of money off of those types of services. It's just a question of when imo.
Not sure if they will use the technology but they should use it that much is for sure. Consider the scenario when one major bank begins utilizing blockchain and on boarding customers through it, every other bank has to do the same or fear losing out on customers. It is a domino effect, and once the dominoes start moving in Bitcoin's favor, they won't stop anytime soon.
There has been a valid point given for the reason why banks would be forced to use cryptocurrencies to mitigate financial crisis. According to sources, UBS investment bank argued that when the next financial crisis hits,financial institution will have to cut interest rates to a low of minus 5% to mitigate it's impacts & by using traditional monetary policy tools, Morgan stanley' s researchers argued that this wouldn't be possible.
Thus it has been concluded some tokens released could help central banks take interest rates deep into the negative territory and it would be a move that could be beneficial in the event of financial crisis.
Thus it has been concluded some tokens released could help central banks take interest rates deep into the negative territory and it would be a move that could be beneficial in the event of financial crisis.
According to me, I think Banks will adopt blockchain technology to avoid being displaced during this revolution - There are more opportunities for them if the adopt blockchain and i don't see any reason why they will not. There will be no replacement of banks just a change in operating business models in existing banks to adopt blockchain technology.
I strongly agree with this. I don't know why people think something like Bitcoin would displace banks. If anything, for a company that provides financial services and protection, something like Bitcoin is a dream come true. For your average person, using and securing Bitcoin is quite difficult. A bank could provide all kinds of products and make all kinds of money off of those types of services. It's just a question of when imo.
Yes, in my country one bank is already testing blockchain technology to optimise their internal infrastructure but I am not sure when the bank will start implementing it for the regular routine work. However, even in that case, the bank will keep the control with itself so it doesn't make any sense, in my opinion, to call it a decentralized blockchain based process. There are some banks which have made agreements with companies like Ripple and using ripple protocol instead of rolling out their own blockchain are cryptocurrencies.
Exactly, as the users above me stated, what the banks are trying to use is the blockchain technology. They are not using bitcoin. However, it can still be beneficial to them as blockchain tech obviously offers a range of benefits to the user, even if it means that it's not decentralised.
I'm still not that sure of the correlation between corporates having their own blockchain and decentralised blockchain currencies is even present. But I mean, it's still blockchain adoption. It's nothing negative, just doesn't change the structure of anything much apart from what underlying technology is used.
If you want to protect your finances for a financial collapse, invest in some precious metals and bitcoin. Both of them are proven store of values. Don't buy into centralised blockchain tokens, thinking that they will offer the same benefits.
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Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
I'm still not that sure of the correlation between corporates having their own blockchain and decentralised blockchain currencies is even present. But I mean, it's still blockchain adoption. It's nothing negative, just doesn't change the structure of anything much apart from what underlying technology is used.
If you want to protect your finances for a financial collapse, invest in some precious metals and bitcoin. Both of them are proven store of values. Don't buy into centralised blockchain tokens, thinking that they will offer the same benefits.
However, the problem I foresee in using blockchain technology in banking transactions is that lose of data especially from customers would be very high because they might not be able to secure very well there codes, except there will be provisions for a kind of retrieval which I think is impossible with blockchain for now.
I am not sure if I understand what you are saying correctly, but having a blockchain, which by design functions as immutable ledger, means that no data will and can be lost at the moment it entered the blockchain. That goes up even for centralized blockchains as long as the main authorities don't alter the blockchain themselves. Nodes are meant to make sure that every block will be validated and accepted, and also to function as backup in case the blockchain of certain nodes corrupt or whatever. I don't see how data can be lost in this case. It just doesn't sound very logical. If that's not what you meant then please formulate your thought or concern differently.
I think what they mean by cryptocurrencies is probably just blockchain technology in general. What they really want to use is simply the properties of blockchain to make their transactions for efficient, and potentially, that could mean launching their own coin/token.
Even though it seems like that they are planning on using decentralized cryptos like bitcoin, it really isn't the case.
I don't see how blockchain technology alone would help banks or customers of these banks survive an economic crisis, though. IMO, holding a proven store of value through whatever financial crisis instead of fiat/shares/property is key, and that includes bitcoin. It does not include centralized cryptos that are essentially fiat on blockchain.
Even though it seems like that they are planning on using decentralized cryptos like bitcoin, it really isn't the case.
I don't see how blockchain technology alone would help banks or customers of these banks survive an economic crisis, though. IMO, holding a proven store of value through whatever financial crisis instead of fiat/shares/property is key, and that includes bitcoin. It does not include centralized cryptos that are essentially fiat on blockchain.
But not all cryptocurrencies will be huge, bitcoin will be huge, and protocols that are very useful for this revolution like 0x or more little ones like aventus will be huge as well.
I thinks banks are going to slowly and surely going to move towards blockchain technology sooner or later, blockchain can make financial and business transactions safe, secure, traceable and transparent that can revolutionize banking system as well.
Not even the transparency involved in it but the security will be very high because the blockchain technology is highly secured which will benefit both the bank and her customers.
However, the problem I foresee in using blockchain technology in banking transactions is that lose of data especially from customers would be very high because they might not be able to secure very well there codes, except there will be provisions for a kind of retrieval which I think is impossible with blockchain for now.
I think in future both the centralized and decentralized system will run side by side. They will take help from each other wherever needed. People have already started to look things in this perspective.
This is possible too. I'm looking at that too. A situation where decentralized and centralized coin would work with even banks to harmonize on financial transactions. What I also know is that the banks also would not want to be thrown away with the oncoming financial "revolution".
Payments: Many banks across the world are trying to shift their payments system on the blockchain technology. This would offer higher security and simultaneously reduce the costs involved in processing the payments between their clients and organizations.
Know your customer: Financial institutions spend a great deal of money to meet the KYC norms. In this case, the blockchain technology would allow the organizations to access the individual verification of each other’s clients. This will reduce the administrative costs.
I think in future both the centralized and decentralized system will run side by side. They will take help from each other wherever needed. People have already started to look things in this perspective.
This is possible too. I'm looking at that too. A situation where decentralized and centralized coin would work with even banks to harmonize on financial transactions. What I also know is that the banks also would not want to be thrown away with the oncoming financial "revolution".
I thinks banks are going to slowly and surely going to move towards blockchain technology sooner or later, blockchain can make financial and business transactions safe, secure, traceable and transparent that can revolutionize banking system as well.
But I see banks are very slow moving and do not want new things using blockchain to be safe and very easy. It is unfortunate if banks do not keep up with the times that use blockchain. Because blockchain is great for transactions.
Banks would most likely adapt cryptocurrency since most people are investing in crypto rather than saving their money in banks. If banks will not do this they will just become extinct and maybe just become a part of the history. They should realize that using cryptocurrency can bring convenience and profit at the same time.
I thinks banks are going to slowly and surely going to move towards blockchain technology sooner or later, blockchain can make financial and business transactions safe, secure, traceable and transparent that can revolutionize banking system as well.
Investing on bitcoin is profitable also banks are doing business also so if they have financial crises they can invest money on btc where as they invest normally in gold so btc price is high and they can solve their problem with this coins so investing on bitcoin is the best opportunity and smart idea for future and this is how they can solve their problems.
The use crypto currency by the bank will give several benefits. Firstly it will help to reduce transaction fees as we know that the transaction in the crypto currency market especially in bitcoin is very low and another benefit is that it will have a faster transaction processing systems. Moreover it will help the bank to reduce financial crisis. All banks should give attention to this. They can use the crypto currency market to reduce financial crisis.
Banks are not blind to the advance of blockchain technology, and they are aware of the great advantages it can bring to their business. Everyone knows that banks are very interested in blockchain technology and not so much in bitcoin or the most of the known cryptocurrencies. It's normal since banks can't work with bitcoin, they need a cryptocurrency that is centralized and has a private blockchain.
"Morgan Stanley, One of the biggest banks in the world: Cryptocurrency could help Banks reduce fees and even save them from a financial crisis. Are we on the verge of revolution?
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
They are the reason why there is a huge fee in the banks, it is because of their greed. Now they have no choice but to adopt the technology because they know that they will get bankrupt if they against the new technology. Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
I think in future both the centralized and decentralized system will run side by side. They will take help from each other wherever needed. People have already started to look things in this perspective.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
Bitcoin has the potential to change the entire financial industry, researches and development are carried out and it will take a long time for these transition to take place, i am not sure whether they will be using blockchain technology to overcome these situation or use bitcoin, unless some banks take the initiative it is hard to tell what will happen.
From my point of view i think banks are adopting with blockchain technology if they grave this technology they will be benefited. Now a days we all connected with bank for this reason they also need innovation.
"Morgan Stanley, One of the biggest banks in the world: Cryptocurrency could help Banks reduce fees and even save them from a financial crisis. Are we on the verge of revolution?
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
According to me, I think Banks will adopt blockchain technology to avoid being displaced during this revolution - There are more opportunities for them if the adopt blockchain and i don't see any reason why they will not. There will be no replacement of banks just a change in operating business models in existing banks to adopt blockchain technology.
"Morgan Stanley, One of the biggest banks in the world: Cryptocurrency could help Banks reduce fees and even save them from a financial crisis. Are we on the verge of revolution?
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
Things are getting more interesting in the cryptoverse, as more interesting research is being carried out. Every sector in the world is clutching on to cryptocurrencies and the technology that powers them – Blockchain.
A report released by a team of researchers at Morgan Stanley revealed that Bitcoin and cryptocurrencies could help central banks to cut interests rates, which would help reduce the impact of any financial crisis in the future. "
https://cryptopotato.com/morgan-stanley-says-banks-could-use-cryptocurrencies-to-mitigate-financial-crises/
Thoughts? I think it'd be very interesting to see banks use cryptos in a lot of areas and it's the first step in the right direction. Would love to see this grow.
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