Published on August 18th, 2015 | by bitcoin0
Blockchain Tech Banks Should Embrace Why and How
Here, in part two, he looks at why and how banks should start embracing blockchain technology.
If financial services were to be re-invented today from scratch, we would be fine with virtual, online, Internet and blockchain-enabled services.
Truth is, there will be pressure from consumers who are already getting a taste of freedom from banks via alternative FinTech services.
Banks risk being on the outside looking in, if they don’t build on-ramps and exits to the new world of cryptocurrencies.
In 1995, several banks and financial institutions issued warnings about Internet payments and online commerce as not being safe.