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Topic: Banks will use blockchain - page 6. (Read 881 times)

jr. member
Activity: 146
Merit: 7
February 14, 2018, 12:50:37 AM
#93
With blockchain technology money transaction would be fast and easier, imagine how much the cost they spend using that old banking system. In blockchain they can saved alot in terms of expenses, time and effort, and maybe some bank will start to invest in crypto-currency thus crypto's value will rise up again.
jr. member
Activity: 175
Merit: 2
February 14, 2018, 12:25:58 AM
#92
This is possible for the banks to use blockchain because the banks will be able to make transaction faster and safer because the blockchain will assure that and i think that aside from the banks, other major places in our world will use blockchain because this is the next big thing and of course the huge name people's will not let this opportunity pass.

Not only the private banks but the government banks eyeing to use the blockchain as well.
hero member
Activity: 1274
Merit: 500
February 04, 2018, 10:58:54 AM
#91
I think every country in the future will try to use blockchain. Especially the government agency especially the country's bank. And over time will have a positive effect on the growth of crypto currency prices.
I agree with you . Blockchain technology is one of the best technologies at the moment and many banks are planning to adopt this technology and invest in Blockchain. I think we will soon be able to Blockchain widely used worldwide because the potential of this technology is huge.
hero member
Activity: 2590
Merit: 644
February 04, 2018, 10:55:42 AM
#90
This is possible for the banks to use blockchain because the banks will be able to make transaction faster and safer because the blockchain will assure that and i think that aside from the banks, other major places in our world will use blockchain because this is the next big thing and of course the huge name people's will not let this opportunity pass.
member
Activity: 126
Merit: 14
February 04, 2018, 07:27:51 AM
#89
Banks are the places where money is managed. Blockchains are largely used for money transactions. So it is a matter of time before banks will accept blockchain until the real expansion of the blockchain.
member
Activity: 114
Merit: 13
February 04, 2018, 07:24:17 AM
#88
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 so.
I think the blockchain is a very sophisticated system and very safe and I really don't see reason way banks and other financial groups will use it.
Because the cost of the payer is reduced, threatening the bank's existence, the bank's payment and settlement businesses will not have to be present if blockchain technology is used. This will be a challenge for Bitcoin but I have always believed that the Bitcoin club more advantages than the bank.
member
Activity: 267
Merit: 10
February 04, 2018, 07:22:11 AM
#87
I think every country in the future will try to use blockchain. Especially the government agency especially the country's bank. And over time will have a positive effect on the growth of crypto currency prices.
full member
Activity: 448
Merit: 232
February 04, 2018, 07:13:08 AM
#86
Its pretty obvious blockchain is the new upcoming technology and there is no doubt that it will be used in almost every sector of the world. Even today itself in the Budget announced by Finance Minister of India he clearly stated that use of blockchain technology will be promoted in every sector however the govt. holds a critical view against the cryptocurrencies. So blockchain will be used by almost every institution for storing its data due to its such positive traits of confidentiality and security.

I agree that almost every institution will use blockchain soon. All goes to this. Thanks to blockchain, all the economic human activities can be rebuilt. The sphere of financial services is only one of the niche scenarios for the use of detachment, in fact, the possibilities of this technology are much wider. For example, EverlLeger uses blockchain to confirm the source of origin in the diamond trade. There is also an opportunity to work with this technology in the system for safeguarding valuable things - this is the startup Assetcha.in.
newbie
Activity: 65
Merit: 0
February 04, 2018, 07:01:07 AM
#85
Banks will definitely use blockchain in the future. Blockchain is the future of money transactions and where there is place to earn money, banks will definitely be the first one in the line.
newbie
Activity: 196
Merit: 0
February 04, 2018, 06:57:47 AM
#84
If banks start adopting the block chain platform that will be a leading reputed bank which is a challenging in the banking industry as it is very difficult for hackers to break its gates for hacking, it brings a huge popularity to such banks who adopts block chain tool in the industry, this work flow creates an added trust for all the investors where they can have the complete security on their investments.
hero member
Activity: 826
Merit: 501
February 04, 2018, 06:45:54 AM
#83
It is a big step for the future development of cryptocurrency that could strengthen and give a full support to the system of transaction on banking system or associated with the fiat. I also think it could be a big help for the proper way of sending the right information for people for them to used bitcoin or any other form of crypto currency on investments and tradings that serves as an opportunity for people to earn and to gain profit.
full member
Activity: 448
Merit: 102
February 04, 2018, 06:41:00 AM
#82
I think this is strange, they hate crypto but they also want to use block chain technology. this proves that they admit block chain but they also fear crypto will threaten the existence of fiat bank.
yes, if it happens, it will affect the crypto world. but I think they will not do it, except they want to lose all their customers. because customers will be required to understand the block chain technology. and that is difficult.
newbie
Activity: 147
Merit: 0
February 04, 2018, 06:39:11 AM
#81
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 so.
I think the blockchain is a very sophisticated system and very safe and I really don't see reason way banks and other financial groups will use it.
newbie
Activity: 70
Merit: 0
February 04, 2018, 06:35:12 AM
#80
i think the banks over the world should be accepting blockchain as a payment.
it is simplified things.
full member
Activity: 225
Merit: 100
February 04, 2018, 06:32:44 AM
#79
it might be a good start for the banks to join the blockchain, hopefully the future will be even better, and the world of cryptocurrency will be increasingly recognized around the world, I believe in a few years most banks will use blockchain.
newbie
Activity: 98
Merit: 0
February 04, 2018, 06:04:08 AM
#78
I've never really delved into this question. Probably! Maybe there is an Internet bank, because the currency is not official
member
Activity: 147
Merit: 17
February 04, 2018, 05:05:42 AM
#77
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 do not think it will affect cryptocurrency, because cryptocurrency is also based on blockchain technology, which is conducive to the development of the blockchain is also conducive to digital currency publicity, in contrast, will let people see cryptocurrency than the bank Better, because cryptocurrency is a decentralized transaction that understands users' needs only in contrast to letting the user know which one they want.
sr. member
Activity: 262
Merit: 250
February 04, 2018, 05:00:34 AM
#76
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?

Well, some time ago, big banks around the world in one voice, they opposed bitcoin and Blockchain technology.
However, the current financial / bank organization is the most seriously gradually interested in Bitcoin and looking for possibilities to implement blockchain technology. and this is a serious proof that cryptocurrency and blockchain technology have a great future.


The application of blockchain has great significance to the development of commercial banks. Not only shorten trading hours, reduce transaction costs, and the new business model, banks can find more ways to create profits, but also improve regulatory efforts and reduce regulatory costs.
jr. member
Activity: 175
Merit: 2
February 04, 2018, 03:28:23 AM
#75
Banks are already using blockchein. An example of this is a ripple coin. which is used in the banking system. This coin replaces the outdated SWIFT banking method and allows for a few seconds to transfer money to anywhere in the world. The big banks have already teamed up to use this coin and its blockchein technology.

This is good information bro. Perhaps bank realize that blockchain is more cheaper and safer that the current system.
full member
Activity: 2352
Merit: 245
February 01, 2018, 02:48:55 PM
#74
Banks are already using blockchein. An example of this is a ripple coin. which is used in the banking system. This coin replaces the outdated SWIFT banking method and allows for a few seconds to transfer money to anywhere in the world. The big banks have already teamed up to use this coin and its blockchein technology.
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