Bitcoin Forum

Standard Chartered Exec Touts Blockchain Tech for Trade Finance

The bitcoin blockchain could hold the keys to reducing the cost of credit cards, money transfers and remittances, according to Standard Chartered chief innovation officer Anju Patwardhan.

http://www.coindesk.com/standard-chartered-exec-touts-blockchain-tech-for-trade-finance/


note:

One of the banks most senior executives recently penned an opinion on Bitcoin and this website thought it was important to highlight some of her opinions on the technology that we believe will be a major force in disrupting the banking industry in the future.

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,700 branches and outlets across more than 70 countries and employs around 87,000 people.

It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. 90% of its profits come from Asia, Africa and the Middle East, the supposed sweet spot for bitcoin adoptions when talking about the unbanked.