This statement is not necessarily saying that banks will use bitcoins in general... it's just suggesting that they might use bitcoin or use the blockchain technology that bitcoin created. So, in other words, they may use the blockchain in ways to make secure transaction of fiat. They would be able to do this in two ways:
1) Whoever wants to transact fiat through block chain would have to buy bitcoin directly from the market and transact to, lets say, another bank. That bank will then receive the payment after confirmation then automatically revert the bitcoin(s) back into fiat and sell back directly into the market. It would be secure, and would only take about 15 minutes to do so the risk of fluctuations in the btc market wouldn't necessarily be a factor because of the short amount of time the cash is invested in the bitcoin market.
2) Banks would implement their own "coin" which uses their own blockchain.
Topic: Blockchain Technology - page 2. (Read 1224 times)
It is a good thing that the Internet has cause uproar towards people using it.
and then again bitcoin is another currency through the internet,
and bitcoin has a place in the google currency converter (as i was using it all the time)
well bitcoin is the first decentralized currency and since 2007
other people is earning bitcoins online through mining, faucet, even payments.
and it is not a thing that banks right now will accept bitcoin too.
and then again bitcoin is another currency through the internet,
and bitcoin has a place in the google currency converter (as i was using it all the time)
well bitcoin is the first decentralized currency and since 2007
other people is earning bitcoins online through mining, faucet, even payments.
and it is not a thing that banks right now will accept bitcoin too.
"Speaking to CoinDesk, some of the ecosystem's most frequent and most vocal investors are suggesting they are now working more closely with banks and putting an increased emphasis on projects that use the bitcoin blockchain or alternative distributed ledgers as a payments rail or distributed database."
I think it is the most inspiring news for bitcoin fans, for if banks begin to use bitcoin blockchain as payments rail, bitcoin will be accepted by more people for its excellent technology.
I think it is the most inspiring news for bitcoin fans, for if banks begin to use bitcoin blockchain as payments rail, bitcoin will be accepted by more people for its excellent technology.
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