Topic: The future of banking industry in blockchain - page 11. (Read 2842 times)
To integrate everything with the blockchain network is not an easy task. When we talk about small scale finance services banking they won't be making big turnover. This means the revenue isn't perfect and gets a calculated profit as the large scale banking network. By this time there will be hesitation to move into a new platform even though there were more success stories adopting the blockchain technology.
Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?
I don't know if you mean the "mom-and-pop" banks that only have branches in a few towns (it's common in my country), but if that's the case I would assume that they want to see if the big banks have any success with blockchain utilization before they jump in. Smaller banks generally have much smaller capital and aren't likely to venture into uncharted territory unless the risk is very low compared to the reward. Anyway, I think it's great if banks are actually starting to use blockchains (and it's about time)--but it doesn't really affect bitcoin, which is my main area of interest. Banks are going to be using blockchains as a ledger for their fiat business if I'm understanding this correctly, and they're NOT getting involved in cryptocurrency. I wouldn't exactly want to keep my bitcoin with a bank, but I would like to see such a service offered simply because it would be another step in bitcoin's mass adoption. Don't know if that's ever going to happen, but I bet they'll get involved in the futures markets well before they allow their customers to deposit any real crypto with them. But we'll see.
Hey.
Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list.
They're also described successful cases of using blockchain in banks (if you're interested - here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course).
Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?
Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list.
They're also described successful cases of using blockchain in banks (if you're interested - here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course).
Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?
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