It's been said, banks fear the decentralized platform and existence of cryptos.
Somethin thay might throw them out the window!
Well anyway,fiat money is totally different with digital assets.so im pretty sure they'll thrive.
But if they adopt blockchain tech and BTC all the better, this will insure their participation in the future and will secure BTCs future at the same time.
Win-win situation guys
Topic: Banks will use blockchain - page 4. (Read 921 times)
For example of using blockchain technology in financial system: Ripple can be accepted as payment provider for trasnferring money abroad in Western Union payment transfer system. If ripple can achieve this it means we are ahead of big financial revolution.
Its possible for banks to use blockchain or adopt cryptocurrency, but they will need the support of people because I believe people own their password or address to their wallets. If I can personally handle my wallet, keep it safe and not pay any dues to a third party, why do I need a bank?
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?
Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?
If it will be realized it will be strong impact at criptocurrency market at all. So I hope blockchain technology will be widely used in bank system
they have to use it because blockchain is the future
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?
Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?
Banks now a days does not have a choice but to agree because there are more people who are investing on cryptocurrency rather than placing their money on the banks and that is the reason why they are scared of bitcoins.
Yeah, banks have and will start using block chain technology since their old traditional way of technology is outdated. There won't be any impact due to banks migrating to block chain for Bitcoin or other crypto currency I think. Slowly banks also will move to crypto market to sustain their business position.
I believe the reason for this adaption is to make their service faster because before bitcoin(or any blockchain technology) it took several days to weeks to transfer money between international banks and it needs many requirement that is hassle to the client. 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?
Not surprised at all, Blockchain is where the future is heading.. If anything we are only at the beginning stages of mass block-chain adoption, from security to smart-contracts.. blockchain offers it all : ) , I wouldn't be surprised if we saw more online-based businesses also implement block-chain.Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?
everything will be settled as a useful transaction medium for every transactions that they will cater around the globe, blockchain is the future the only
matter now is how the banks will use it for their benefits.
Yeah, banks have and will start using block chain technology since their old traditional way of technology is outdated. There won't be any impact due to banks migrating to block chain for Bitcoin or other crypto currency I think. Slowly banks also will move to crypto market to sustain their business position.
If banks cannot win they have no other option than to join.Just make sure you grab the knowledge of blockchain technology now because there will be a high level of demand for blockchain experts in future.
yes, they are already in the work many blockchain projects for the biggest banks
but is gonna be mostly a closed or private kind of blockhain where data is shared only between other banks
well at least this is gonna make banks more secure and hopefully they will also give better proces for their services to compete with cryptos
but is gonna be mostly a closed or private kind of blockhain where data is shared only between other banks
well at least this is gonna make banks more secure and hopefully they will also give better proces for their services to compete with cryptos
clear. it will affect the crypto. all digital currencies will be affected. no exception is bitcoin. will certainly be easier in transactions.
Good afternoon ! Banks have already started using blockchain technology! And they will use it in the future! Since this positively affects the banking system itself in the brow!
of course, this became a very positive thing because with the blockchain system is applied to the bank then, of course, will increase the level of security at the bank and makes the customer more comfortable for saving.
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?
Not surprised at all, Blockchain is where the future is heading.. If anything we are only at the beginning stages of mass block-chain adoption, from security to smart-contracts.. blockchain offers it all : ) , I wouldn't be surprised if we saw more online-based businesses also implement block-chain. Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?
If banks adopt blockchain technology,i think it will enable banks to process payments more quickly. It helps increase the speed and reduce the cost of activities. I think it affect the cryptocurrency because some banks already accept bitcoins.
If banks will use blockchain, it can help a lot more especially in the safety of every transactions such as payments and sending money. Using blockchain technology makes every transaction faster, which lead the employee work easier.
I will say that this is not actually news. Banks are testing blockchain technology for a long time now and they've shown interest for it a long time ago. Still this is all in some kind of experimental phase like they are not sure whether they should implemented or not. Anyhow I think this is the technology of the future and many businesses will implement it, not only banks.
Blockchain as a technology has a huge potential and that's why everyone is curious about it. Banks must change their traditional way of doing business or technological advancements like Blockchain would take away their entire system. That's the reason why banks are trying their hands on Blockchain to optimize their processes.
* ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD.
* ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD.
Banks are using blockchain especially Ripple and ripple is facilitating banks unique blockchain for fast payment with ledger
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?
Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?
I have heard this news and news in the past few years, but it has not really happened yet.
I think this news is just repeated and does not preach which banks have used the blochchain system
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