Bitcoin Forum

Ex-Barclays boss: This is the “Uber moment” for banks

The former CEO of Barclays had grave words on the future of traditional banks this week, as he drew parallels with black taxis losing their fight against Uber.

Banks are approaching an “Uber moment” with a looming threat that technology will replace high street branches, outshine their customer service and even bring down entire banks, replaced with digital services.

http://www.thememo.com/2015/11/26/banks-uber-moment/


i hope they burn  ;D

Yeah,good say that ex-ceo.lets award him

Let's hope it goes with the same speed and thunder as Uber. Than a few years from now, many people will be using bitcoin on a regular basis.

I absolutely think he is right by the way, and the Uber moment is a good analogy.

Of course Bitcoin won't have much impact on their uber movement or blockchain for that matter.

I don't think it's that clear cut. The Airbnb/ Uber model only lives because even though they often fly in the face of regulation, it's not something the average legislator cares all that much about.

It's a whole different ball game when there's money involved. You may have noticed that you're instantly buried under a mountain of onerous requirements.

There is money involved in AirBnB versus traditional taxis, the cost of plates is significant and limits the amount of taxis breaking the monopoly by having a on demand service is the natural evolution to transit with relative safety for the most part at least not much more riskier than having a stranger ride in your taxi/car although there are still cases where people beat others up of course like that CEO a while back.

For Bitcoin the technology is there to compete and replace some jobs so it would be a potential threat to the current establishment or they might try to use it hence Blockchain.

Bitcoin and the Blockchain will truly revolutionize Finance, but quoting from the article:


Poor guy, maybe he wanted Barclays to lean towards the blockchain even more, and that cost him his job.