Wall Street intrigued by Bitcoin Technology – Bitcoints

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Published on August 29th, 2015 | by bitcoin

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Wall Street intrigued by Bitcoin Technology

Wall Street intrigued by Bitcoin TechnologyNowhere, though, are more money and resources being spent on the technology than on Wall Street — the very industry that Bitcoin was created to circumvent.

Central banks like the Federal Reserve and the Bank of England have their own teams looking at the technology.

They are, instead, looking at the network and software that make it possible for Bitcoin to move around the world instantly, and almost free.

Aside from Nasdaq’s project, there is much debate about where the technology is likely to gain its first real world use.

The prospect of banks capitalizing on the technology can be disappointing to early Bitcoin adherents, many of whom were drawn to the technology because it provided a way to move and store money that did not rely on banks.

Source: Www.nytimes.com

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