How banks are co-opting Bitcoin technology to secure their industry – VICE News

  • The first line of bitcoin’s founding manifesto states its goal: to create an online cash system that facilitates transactions “without having to go through financial institutions.”
  • But recently, financial institutions have been investing in blockchain technology, which is the peer-to-peer accounting system bitcoin uses to circumvent banks.
  • So will banks end up even stronger than they were before bitcoin came along?

How banks are co-opting bitcoin’s technology to secure their industry


@BenjaminCorman: How banks are co-opting Bitcoin technology to secure their industry #fintech #banking #creditunions #tech

The first line of bitcoin’s founding manifesto states its goal: to create an online cash system that facilitates transactions “without having to go through financial institutions.” But recently, financial institutions have been investing in blockchain technology, which is the peer-to-peer accounting system bitcoin uses to circumvent banks. So will banks end up even stronger than they were before bitcoin came along?

How banks are co-opting Bitcoin technology to secure their industry – VICE News