Banks will use blockchain - page 10.

CryptoBry

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Quote from: Beehives on January 28, 2018, 05:19:56 AM

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

This is already given because in the near future many of the well-known industries we know will be adopting the blockchain technology to enhance their own business and the way they are delivering the services/products they are offering to their intended clients. this is is making the blockchain technology a game-changer kind of thing. However, it does not mean that they are going to be using Bitcoin because that is another thing. In fact, they can establish their own cryptocurrency that can rival Bitcoin (though adoption can be the big challenge here just like in Bitcoin but niche strategy can be the solution on this).

bei

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The continuing revolution regarding the concept of money encourages the banks to adapt the blockchain technology. This will become a new tool for them to give their clients improved security and will open doors for new and modernised banking features.

Dexion

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wow, very interesting, i love this innovation. I think this will be better, and the bank system will be safer, and certainly if set well, it will provide greater benefits for any bank that uses it.
yes, of course there will be a lot of influence on crypto, one of which is crypto is recognized and its rating will go up and high.

Flickkk

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Bounty Detective

Quote from: Beehives on January 28, 2018, 05:19:56 AM

It could affect the cryptocurrency or not?

i guess it will not affect cryptocurrency. because not all people is going to use a Bank that uses Blockchain.
for me it is not a good idea to have a bank that transact crypto .
Why use bank if you got a Wallet that stores a coin like a bank do (except lending)?

people will have a scandal if they transact a huge amount. and get easily track
by their registering their Name on the Bank and Via Cryptocurrency Address.
because Blockchain publicly announce every transaction.
Government will Take an advantage by putting a huge tax on the
person who holds a huge amount..

faatipoke

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Token That Will Transform The Venture Capital Mark

banks will definitely use blockchain. Ripple is invented for that purpose. Banks will need the fast and secure concept of blockhain.

This will affect decentralised blockchains assets such as Bitcoin or Ethereum positive. Because still most people thinks blockhain and bitcoin as scam or ponzi. This kind of old mind set people can be convinced if banks use blockchain. Nonetheless in the end people will need decentralised cryptocurrencies instead of centralised ones used by banks.

fatogre01

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Basing from the last comments of some banks CEO it would take long for them to accept blockchain technology or anything related to cryptocurrency. I'd still feel positive, change is inevitable and for sure sooner or later they will accept it.

maman09

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we can not be sure whether it will affect the development of crypto or not. yes, nowadays there are many rumors that say some banks in the country will adopt the blockhain system, but right now I have not found it that really has been using the blockchain system. perhaps, if all the world's banking adopts blockhchain, it may be a major influence on the development of crypto. let's wait when it really happened.

derago21

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Crypto Enthusiast!

If banks will start adopting to use BTC, then there will be a huge spike in the BTC costs, which will benefit traders like you and me.

danielco9

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Quote from: Beehives on January 28, 2018, 05:19:56 AM

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

I believe that without a connection to the cryptocurrencies, the blockchain is a very smart system and soon must of the banks and companies will use it.

chenging14

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Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, with about three-quarters either involved in a proof-of-concept, formulating their blockchain strategy, or just beginning to look into it.

AleksandrKosov

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Quote from: Beehives on January 28, 2018, 05:19:56 AM

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

I think that each branch will in the future strive to use blockchain. Especially government agencies and especially banks. And this over time will have a positive effect on the growth of prices for crypto currency.

mekie

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Some banks will adopt block chain as a business tool just as they moved to computers from paper based ledgers, some will move faster than others. However they will all need at some point agree a global standard platform to enable bank to bank transactions.

Beehives

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https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

Topic: Banks will use blockchain - page 10. (Read 881 times)