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Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

Some banks will adopt block chain as a business tool just as they moved to computers from paper based ledgers, some will move faster than others. However they will all need at some point agree a global standard platform to enable bank to bank transactions.

I think that each branch will in the future strive to use blockchain. Especially government agencies and especially banks. And this over time will have a positive effect on the growth of prices for crypto currency.

Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, with about three-quarters either involved in a proof-of-concept, formulating their blockchain strategy, or just beginning to look into it.

I believe that without a connection to the cryptocurrencies, the blockchain is a very smart system and soon must of the banks and companies will use it.

If banks will start adopting to use BTC, then there will be a huge spike in the BTC costs, which will benefit traders like you and me.

we can not be sure whether it will affect the development of crypto or not. yes, nowadays there are many rumors that say some banks in the country will adopt the blockhain system, but right now I have not found it that really has been using the blockchain system. perhaps, if all the world's banking adopts blockhchain, it may be a major influence on the development of crypto. let's wait when it really happened.

Basing from the last comments of some banks CEO it would take long for them to accept blockchain technology or anything related to cryptocurrency. I'd still feel positive, change is inevitable and for sure sooner or later they will accept it.

banks will definitely use blockchain. Ripple is invented for that purpose. Banks will need the fast and secure concept of blockhain.

This will affect decentralised blockchains assets such as Bitcoin or Ethereum positive. Because still most people thinks blockhain and bitcoin as scam or ponzi. This kind of old mind set people can be convinced if banks use blockchain. Nonetheless in the end people will need decentralised cryptocurrencies instead of centralised ones used by banks.

i guess it will not affect cryptocurrency. because not all people is going to use a Bank that uses Blockchain.
for me it is not a good idea to have a bank that transact crypto .
Why use bank if you got a Wallet that stores a coin like a bank do (except lending)?

people will have a scandal if they transact a huge amount. and get easily track
by their registering their Name on the Bank and Via Cryptocurrency Address.
because Blockchain publicly announce every transaction.
Government will Take an advantage by putting a huge tax on the
person who holds a huge amount..

wow, very interesting, i love this innovation. I think this will be better, and the bank system will be safer, and certainly if set well, it will provide greater benefits for any bank that uses it.
yes, of course there will be a lot of influence on crypto, one of which is crypto is recognized and its rating will go up and high.

The continuing revolution regarding the concept of money encourages the banks to adapt the blockchain technology. This will become a new tool for them to give  their clients improved security and will open doors for new and modernised banking features.

This is already given because in the near future many of the well-known industries we know will be adopting the blockchain technology to enhance their own business and the way they are delivering the services/products they are offering to their intended clients. this is is making the blockchain technology a game-changer kind of thing. However, it does not mean that they are going to be using Bitcoin because that is another thing. In fact, they can establish their own cryptocurrency that can rival Bitcoin (though adoption can be the big challenge here just like in Bitcoin but niche strategy can be the solution on this).

I don't how this is going to be achieved having read many articles of blockchain technology being a threat to the banking system, blockchain is decentralized and trusted thus will totally eliminate banking operations thus loss of jobs.

     If banks adopt blockchain technology,i think it will enable banks to process payments more quickly. It helps increase the speed and reduce the cost of activities. I think it affect the cryptocurrency because some banks already accept bitcoins.

your about 3 years behind in your research. here is a tip
hyperledger

As others are expecting banks will literally adopt blockchain in the future.
It can affect crypto's in the positive way as blockchain is always tied up with bitcoin.

Also this bank from Philippines will adopt it too together with Visa. Visa, Unionbank launch blockchain payment system. (http://news.abs-cbn.com/business/01/22/18/visa-unionbank-launch-blockchain-payment-system)

IMO I think all banks system all over the world are interested in blockchain but they still don't use it in their system cause there are still too much risks by using Blockchain in Banks system, it'll be the best opportunity for crime to take advantage of this case to commit guilty with bank system much easier. There are a lot of news everyday about Bank system and blockchain but it'll take very long time until Bank system totally accept Blockchain technology :)

Even though most banks are not fans of the currency that came from the blockchain technology, they are very much happy to adopt the new technology because they see that it will greatly benefit them in their line of work and it seems that it already is. Most major banks are on the verge of using it as early as 2020.

Banks are already using blockchain technology, it's much better than the current system. But that has nothing to do with cryptocurrencies, they just use the technology internally.

Same way as they started using computers, internet,...

Blockchains will probably be used in various industries because of the benefits of this technology. However, this doesn’t mean they will use Bitcoin or any other decentralized blockchains. They will most likely make their own centralized blockchains. I don’t really think this will affect Bitcoin because Bitcoin still has the advantage of being decentralized.

I am not agree with that. I don't think either banks will accept any crypto currency or create their own blokchain. Reason is that banks are built on the philosophy of centralization and blockchains are against their main philosophy. So I don't think that can accept it.

This will not affect the price of the cryptocurrency. The blockchain is the only method of transmission. It has nothing to do with cryptocurrency. Banks can not resist the spread of crypto. Bankers do not want to admit defeat. I think that they will fight the spread of cryptocurrency. Any war is loss. So I think that the banks will do everything to reduce the price and popularity of cryptocurrency.

it's possible that the bank will receive blockchain in the future, maybe in the near future, and hopefully blockchain can be accepted by the bank and will be legal .. :-[

so far not many banks are adopting blockchain, if bank banks have used the blockchain system it will greatly affect the cryptocurrency. one of which prices will soar. where each bank will use that technology and use cryptocurrency for transactions or the like. so it will be good for future for cryptocurrency in my opinion

I read about blockchain just like reading the history of internet in 30 years ago, that is when the US Defense Department, U.S. DARPA (Defense Advanced Research Projects Agency), decided to conduct research on how to connect a number of computers to form an organic network. So that created the internet, and its effect to human life is very inseparable. Likewise with the blockchain now that we can call the next internet of transaction, which will facilitate humans in doing everything. In other hand, blockchain exists because of bitcoin, so if the blockchain is successful in the future it is not impossible in the future cryptocurrency world will be used and needed by human life.

This is good news. The use of blockchain by banks will greatly reduce the cumbersome business and improve work efficiency. It is even more celebrating that it will increase the popularity of the blockchain. In my opinion, the blockchain will be the future technological revolution, this is also good for other digitally encrypted currencies.

My thought is well maybe banks or other banks will use blockchain. As you can see blockchain really a lot mostly on us users of bitcoin. Its lot easier to transact money and easier to use. I still reading and doing some basic research the link I got is down below.

Link: https://www.accenture.com/us-en/insight-blockchain-technology-how-banks-building-real-time

On my thought on this. Banks wants to compete the cryptocurrency. since many people are already leaning on crypto so they have make something new to gain the trust of market in cyptocurrency.
Beside blockchain is already proven that is safe therefore they want to ride on the system to protect their interests and assets.

Banks have no rumors yet to adopt btc what they want to adopt the the system (Blockchain). Seem banks are on eye on this because of it safety features.
Banks need a system that can protect their assets since in the past years there are lots of bank been hack and lost hundred of million dollar. One of the bank that really lost big time is  the Bangladesh Bank which losses 81 Million dollars to a Chinese hackers.

Block chain technology supports multi-party access to distributed ledger and block chain security tamper. The blockchain, which is the underlying technology of cryptocurrency, was once suspected by the banking industry, but the recent stance has taken a dramatic turn. Blockchain has become the hottest innovation technology in the banking industry.

In the past, traditional financial institutions out of cost and risk considerations, the small and medium-sized micro-enterprise financing of this market segment often lack sufficient attention and service, and the blockchain has changed this situation. The application of blockchain in the financial sector helps to reduce the operating costs of financial institutions, enhance the operational efficiency of financial institutions and, on the other hand, help to reduce the financing costs of the real enterprises.

It already happens after the long time ago. The bankers are comprehensible that they can't take over the blockchain, instead of they admit to being defeated, they utilize the technologies offered by Blockchain. As example Ripple, We know since a long time ago, RIpple is a centralized bankers coins. All the bankers utilize the technologies offered by Ripple.

First i want to share my opinion. I notice that one too more banks handle or got to parthner up with blockchain. Wallets got to use bank for cash out too well back to main question I would probably see that low fee probally because you will going to pick banks.

I agree as Well that banks can t take over because we'll cryptocurrency and a e wallet is treated as banks but if you got a lot of money or bitcoins in you wallet it can probably an golds chest for a hacker so if I were you, you save it at your bank because bank is safe at some point. Having electronic wallet is better but its going to be prone of hacking.

I can't view the link because it needed a subscription and there is a payment. Would appreciate if someone can post a screenshot of the news.
Will they create their own cryptocurrency? or it will be just like an online wallet? Will it be centralized or decentralized? This is an interesting news though, will be looking for more information about this later.

Ripple using such technologies, I think it's good idea to connect Banks and Blockchain :)

So many misconceptions about banks and blockchains can and cant do.  Bitcoin enable you to become a private bank, allowing you to know who has what credit balance on the network.  The bank knows this already for the internal system, they dont need a new inefficient technology to do it.  

They will use blockchain technology for inter-bank where it suits them to share information about themselves in a secure, trusted manner.  Ripple or specific use case coins might be usful to them, for specific uses.  They will not use Bitcoin, or other publicly accessible blockchain, general account information. They will not replace internal account structures with blockchains, which are inefficient for recording tens of thousands of transactions an hour.  They already have systems in place that do near instant bank to bank, account to account transfers for free/nominal fees (SWIFT and SEPA).  

Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, with about three-quarters either involved in a proof-of-concept, formulating their blockchain strategy, or just beginning to look into it.  :(

I think that each branch will in the future strive to use blockchain

Banks will not go anywhere if they want to survive. They will adopt the technology whether they like it or not. The good things that happened is you already have a choice whether you want to put all your savings in cryptocurrency that they are supporting or do you want to manage your own fund.

Blockchain will significantly reduce and reduce the banking costs; will effectively improve the bank's business processing efficiency; help banks strengthen supply chain finance management; help to dilute and reduce the bank's regulatory difficulty.

Correct, they are not into "Decentralization" but they're up to "Centralization" We all know that the blockchain technology is very useful in many other ways not just for crypto currencies and digital asset trading. I don't think that this kind of act will affect crypto currencies price in the market except if the banks will use the decentralized cryptos(but I don't think they'll use it).  8)

I think the bank adopted the block chain because as a business. But it will affect the growth of prices for crypto currency. But at least in the bank it can be fast and secure. It is better and safe. It will be set well and they get greater benefit for any bank.

Block chain technology applied in the bank's core business system of domestic Banks, Banks in asset custody business scenario, using blocks of the intermediate links of chain technology to achieve the reduction, lower transaction costs and raising the level of risk management.

I think, this will be something that can support the world of cryptocurrency is acceptable in many countries.
because this digital currency needs such a thing for the application of this technology (the use of digital currency for transaction processing) can be more quickly realized.

Accepting blockchain or implementing it into the system has somehow nothing to do banking business. I mean it is just a technology which everyone should accept and implement.

In simple words, blockchain is just a list of records that grows continuously making blocks which are then linked and secured. If someone wants to secure his system using cryptography, this technology was introduced for him.

While it is being said that bitcoin and cryptocurrencies can hurts banks, it is a very nice idea that some banks are now arms-wide-open to embrace the blockchain technology. Consider also those banks who backed Ripple (XRP) that even once took Ethereum's place next to bitcoin.

It will be great if the banks adopt the blockchain technology as many in the united kingdom have started looking at how best they could integrate this technology into their system even though it isn't going to be easy i think when it becomes fully operational will be able to broadcast whatever transaction in a public ledger which will help track every transaction and therefore prevent money laundering and double spending to some extent.

Your link is not taking me to the destination that you are supposed to take us! You might wanna check it again. There is no article present over there to read.



I don't see that banks are teaming up anywhere in the world to use blockchain. The day when this news publishes its going to be the best day for bitcoin. Im sure it will get pumped more than triple of the current price and market cap eventually. This is because everyone will want to be on the Wishlist of banking where they will want to have most of the bitcoin asset to use within their bank.

Plus it could lead to the partial centralisation of the blockchain as they will need to hold the keys for it as banks will take the job very seriously. Its going to bed mixed one.

it will affect crypto currency but in a good way. new laws and regulations shall come into play. blockchain technology will be used in a centralized way rather than decentralized way. cryptocurrency like ripple and others based on its technology will come into use. thus its better investing in cryptos that are centralized and controlled by banks so that its safe side when governments decide to regulate cryptocurrencies in countries! GL mate :)

Banks need to adapt blockchain to expand their business. It's because they believe blockchain technology will take over some financial sectors in the future. Bank and blockchain will make finance world stronger and easier to use.

I agree with you buddy. If not all banks will agree on it then implementation of blockchain for banks would be far fetch. But good thing is they already recognizing the blockchain which could be better for the current system.

Blockchain technology is applied in the inter-bank payment system will help transfer transaction quickly and instantly without any intermediaries. Some coins with blockchain technology is also used in banking payment systems, such as Ripple. That is the reason, definately it makes the value of virtual currency, especially the price of Ripple in next time.

Banks consider bitcoin to be their rival but they are ready to adopt blockchain in which bitcoins works.Not only banks,even most of the government sectors have decided to use the blockchain technology.

All the banks universally have the same stand about blockchain irrespective of country where it exists.It would help banks to consume time much efficiently helping them to provide better service.

It would just have a positive impact on bitcoin as it also functions only in blockchain technology.

That's good idea buddy. It that would the case ripple will the the hot cake in the near future. Investors/traders will swarm ripple then.

Banks perhaps realize the usefulness of Blockchain in their system. In payment using blockchain is more safer than other system.

banks use blockhain it does not happen a problem and can provide convenience. but I feel if there are still pros and cons when the bank uses a blockchain system because every country can not legalize cryptocurrency so if it is determined that all banks around the world using blockchain will be very difficult and can not maximize.

Banks are in danger now, they think. While in reality yes there are some options that are not in favor of banks but still these crypto currencies will not be harming banks in coming years. Like now, bitcoins are popular in technical population of the world or student body but not every person knows it. There are not good gestures for bitcoins in local community, so banks don’t need to worry in upcoming years.

It will make bank accounts and transactions safer and secured. I think it will cause ripple to grow and much more utilize for bank payment systems, which will then, attracts more investors and traders. Blockchain technology will be recognize.

Blockchans have problem with scalability, banks operate with huge operations per second. If this problems will be solved bans can use blokchain, i dont seen reason to switch from centralized system, it better for banks

Well, some time ago, big banks around the world in one voice, they opposed bitcoin and Blockchain technology.
However, the current financial / bank organization is the most seriously gradually interested in Bitcoin and looking for possibilities to implement blockchain technology. and this is a serious proof that cryptocurrency and blockchain technology have a great future.

you are right ... I think at some point all banks will switch and choose to work with the blockchain system .. they all need a few things to agree on a global standard platform to enable bank transactions to the bank. I agree dwengan you because today the digital currency has become a trend

I also think that banks are interested in blockchain. If they start using this technology they will save a lot on transactions. The bank system can become more effective, and people will trust banks more.

Even though most banks are not fans of the currency that came from the blockchain technology, they are very much happy to adopt the new technology because they see that it will greatly benefit them in their line of work and it seems that it already is. Most major banks are on the verge of using it as early as 2020.

Banks perceive the benefits of blockchain technology but they are not really advocates of cryptocurrency. They are just eyeing on the wide range of benefits  that it can offer them in their line of work, and I believe they are already using it. But not really cryptocurrency.
However, it may not be impossible for them to use it as evident in a few banks in the Philippines with which they now have launched blockchain payment system http://news.abs-cbn.com/business/01/22/18/visa-unionbank-launch-blockchain-payment-system

This is good news dude that Philippines is positive on cryptocurrency

It's only a matter if time before this comes into place. Some banks are using ripple already. All these FUDs sorrounding blockchain will end soon.

the banking system that uses the blockcain system is always accompanied by some changes in this market will be advantageous for the ever increasing krypto market system. This is to know the rise and fall of the selling price of currency in the market.

for security issues I support, because if the bank uses a blockhain system then the security will be more increased
and I think, it will not affect cryptocurrency because of the different workings, although using the same security system

Its pretty obvious blockchain is the new upcoming technology and there is no doubt that it will be used in almost every sector of the world. Even today itself in the Budget announced by Finance Minister of India he clearly stated that use of blockchain technology will be promoted in every sector however the govt. holds a critical view against the cryptocurrencies. So blockchain will be used by almost every institution for storing its data due to its such positive traits of confidentiality and security.

I don't see a reason why not.
It is a very sophisticated system and almost unbreakable, I believe in a few years most of the banks will use blockchain.

It is very much possible that banks will use the block chain  technology as this being a smarter and transparent interface making the transactions even look faster and in real time. If the banks would deploy this technology, then they are definitely going to make some real profit even in technology front and reduction of overheads which will benefit the customer finally as the costs pertaining transactions will be reduced as well.

Blockchain technology is now a popular way that is being followed by Banking sectors. Central Bank of Bangladesh (Bangladesh Bank) and other banks are trying to introduce themselves with blockchain technology.

They have to use it as it is the only most updated system in the financial field and there is no better option than blockchain.Infect in india students are getting special lectures regarding this topic.Banks are quite keen to adopt to this system and government is also supporting them.I think that move could gain some more popularity for cryptoworld.

Banks are already using blockchein. An example of this is a ripple coin. which is used in the banking system. This coin replaces the outdated SWIFT banking method and allows for a few seconds to transfer money to anywhere in the world. The big banks have already teamed up to use this coin and its blockchein technology.

This is good information bro. Perhaps bank realize that blockchain is more cheaper and safer that the current system.

The application of blockchain has great significance to the development of commercial banks. Not only shorten trading hours, reduce transaction costs, and the new business model, banks can find more ways to create profits, but also improve regulatory efforts and reduce regulatory costs.

I do not think it will affect cryptocurrency, because cryptocurrency is also based on blockchain technology, which is conducive to the development of the blockchain is also conducive to digital currency publicity, in contrast, will let people see cryptocurrency than the bank Better, because cryptocurrency is a decentralized transaction that understands users' needs only in contrast to letting the user know which one they want.

I've never really delved into this question. Probably! Maybe there is an Internet bank, because the currency is not official

it might be a good start for the banks to join the blockchain, hopefully the future will be even better, and the world of cryptocurrency will be increasingly recognized around the world, I believe in a few years most banks will use blockchain.

i think the banks over the world should be accepting blockchain as a payment.
it is simplified things.

I believe so.
I think the blockchain is a very sophisticated system and very safe and I really don't see reason way banks and other financial groups will use it.

I think this is strange, they hate crypto but they also want to use block chain technology. this proves that they admit block chain but they also fear crypto will threaten the existence of fiat bank.
yes, if it happens, it will affect the crypto world. but I think they will not do it, except they want to lose all their customers. because customers will be required to understand the block chain technology. and that is difficult.

It is a big step for the future development of cryptocurrency that could strengthen and give a full support to the system of transaction on banking system or associated with the fiat. I also think it could be a big help for the proper way of sending the right information for people for them to used bitcoin or any other form of crypto currency on investments and tradings that serves as an opportunity for people to earn and to gain profit.

If banks start adopting the block chain platform that will be a leading reputed bank which is a challenging in the banking industry as it is very difficult for hackers to break its gates for hacking, it brings a huge popularity to such banks who adopts block chain tool in the industry, this work flow creates an added trust for all the investors where they can have the complete security on their investments.

Banks will definitely use blockchain in the future. Blockchain is the future of money transactions and where there is place to earn money, banks will definitely be the first one in the line.

I agree that almost every institution will use blockchain soon. All goes to this. Thanks to blockchain, all the economic human activities can be rebuilt. The sphere of financial services is only one of the niche scenarios for the use of detachment, in fact, the possibilities of this technology are much wider. For example, EverlLeger uses blockchain to confirm the source of origin in the diamond trade. There is also an opportunity to work with this technology in the system for safeguarding valuable things - this is the startup Assetcha.in.

I think every country in the future will try to use blockchain. Especially the government agency especially the country's bank. And over time will have a positive effect on the growth of crypto currency prices.

Because the cost of the payer is reduced, threatening the bank's existence, the bank's payment and settlement businesses will not have to be present if blockchain technology is used. This will be a challenge for Bitcoin but I have always believed that the Bitcoin club more advantages than the bank.

Banks are the places where money is managed. Blockchains are largely used for money transactions. So it is a matter of time before banks will accept blockchain until the real expansion of the blockchain.

This is possible for the banks to use blockchain because the banks will be able to make transaction faster and safer because the blockchain will assure that and i think that aside from the banks, other major places in our world will use blockchain because this is the next big thing and of course the huge name people's will not let this opportunity pass.

I agree with you . Blockchain technology is one of the best technologies at the moment and many banks are planning to adopt this technology and invest in Blockchain. I think we will soon be able to Blockchain widely used worldwide because the potential of this technology is huge.

Not only the private banks but the government banks eyeing to use the blockchain as well.

With blockchain technology money transaction would be fast and easier, imagine how much the cost they spend using that old banking system. In blockchain they can saved alot in terms of expenses, time and effort, and maybe some bank will start to invest in crypto-currency thus crypto's value will rise up again.

Banks need to adapt blockchain to expand their business. It's because they believe blockchain technology will take over some financial sectors in the future. Bank and blockchain will make finance world stronger and easier to use.

I am pretty certain that banks will adopt the blockchainto assist in the traceability of money transfers and to streamline their businesses. Ripple is one element of this that is already being adopted and I have also heard reports that VISA will be using blockchain to transfer funds and to log transactions. Just a matter of time until its adoption spreads.

Will the bank use blockchain? If it's true. I think bitcoin and other virtual currencies will have strong growth.

Banks will for sure use blockchain technology for their transactions. its reported that major financial institutions are already considering using the blockchain technology to trace their financial activities, this however has nothing to do with cryptocurrency and they will not be affected. its the blockchain technology that will be remodeled to perform a similar function in a different platform.

In my own opinion, banks does not have a choice because cryptocurrency is really affecting their business. The only way for them to survive is to impelement a saving method where people can place their cryptocurrency and think of something how they are going to earn profit from it.

Cryptocurrency is a new system that has different mode of operation. Banks adopting the blockchain technology would really be a good idea, by the time they adopt the technology, they can also inculcate cryptocurrency into their system as well, which i think will affect it positively.

Almost all Banks now began to study block chain, if they are not active in the face of a new generation of technology, so they soon will be eliminated by new things,This is why every world starts studying blockchains.

Well in my opinion, if banks will be using the same technology, I think this will be a good news for bitcoin because the more they use the system the more they are promoting the use of bitcoin. Thus erasing the fears of the majority and the welcoming of the new era of digital currencies.

They are already using it with ripple. I did not delve into it much when I was trading. But as I am seeing right now it is the 3rd overall in coinmarketcap. So it must be doing something right.

Yes the future of this money is very good those who have this money they can become the good traders of this money for those who have actively involved in this currency they are good to be the large investors of this currency and they have earning a regular money through bitcoin. In the present time bitcoin is highly trading and the graph of bitcoin is now increasing day by day.

Well if they want to survive in the near future i think this is the best method, either apply block chain or make a coin of their own.

For Banks, blockchain technology is disruptive, not only for themselves, but also for competition from financial technology companies and Internet companies.

Blockchain can solve basic credit problems and form mutual trust mechanism between different core enterprises.

I think it's just a matter of time until the bank implements blockchain. for the time being, I think it is still very difficult for any state bank to implement it, because there are some countries that conflict with bitcoin. but, I think in the near future, or long, it will be approved.

Some bank was study about blockchain technology, but some poor country banned and keep bank centralized (country with big coruption cases)

This is a good news not just for us users but also the bitcoin industry because bitcoin is now growing and building more and more people , and I think it can affect the cryptocurrency and also the different alt coins of it I guess , and I think that the price will go low and the currency such as dollars will increase it's just my conclusion , but still a lot of countries not implementing bitcoin so I think this would positively happen in a future.

There are series of good news on crypto currency now a days.
1. Bank plan to use blockchain
2. Banks in UAE, KSA and Federal will use ripples net.
3. Arizona, Georgia propose BTC/Cryptocurrency as tax payment
4. Russia also positive on Crypto since it's endorse by Putin itself.

Hope many more soon will follow

Cryptocurrency is one of product from blockchain and they could use the technology without using cryptocurrency. They using blockchain in order for safe and secure data transfers. Cryptocurrency won't affected by this issue.

Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, it will provide greater benefits for any bank that uses it.

Recently banks will adopt block chain technology  as a business tool . I think this will be better, and the bank system will be safer, and certainly if set well, it will provide huge benefits for  bank.

Yes most of bank usse ripple to payment anything!

I have heard this news and news in the past few years, but it has not really happened yet.
I think this news is just repeated and does not preach which banks have used the blochchain system

Banks are using blockchain especially Ripple and ripple is facilitating  banks unique blockchain for fast payment with ledger

Blockchain as a technology has a huge potential and that's why everyone is curious about it. Banks must change their traditional way of doing business or technological advancements like Blockchain would take away their entire system. That's the reason why banks are trying their hands on Blockchain to optimize their processes.

* ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD (https://www.icicibank.com/aboutus/article.page?identifier=news-icici-bank-executes-indias-first-banking-transactions-on-blockchain-in-partnership-with-emirates-nbd-20161210162515562).

I will say that this is not actually news. Banks are testing blockchain technology for a long time now and they've shown interest for it a long time ago. Still this is all in some kind of experimental phase like they are not sure whether they should implemented or not. Anyhow I think this is the technology of the future and many businesses will implement it, not only banks.

If banks will use blockchain, it can help a lot more especially in the safety of every transactions such as payments and sending money. Using blockchain technology makes every transaction faster, which lead the employee work easier.

Not surprised at all, Blockchain is where the future is heading.. If anything we are only at the beginning stages of mass block-chain adoption, from security to smart-contracts.. blockchain offers it all : ) , I wouldn't be surprised if we saw more online-based businesses also implement block-chain.

of course, this became a very positive thing because with the blockchain system is applied to the bank then, of course, will increase the level of security at the bank and makes the customer more comfortable for saving.

Good afternoon ! Banks have already started using blockchain technology! And they will use it in the future! Since this positively affects the banking system itself in the brow!

clear. it will affect the crypto. all digital currencies will be affected. no exception is bitcoin. will certainly be easier in transactions.

yes, they are already in the work many blockchain projects for the biggest banks

but is gonna be mostly a closed or private kind of blockhain where data is shared only between other banks

well at least this is gonna make banks more secure and hopefully they will also give better proces for their services to compete with cryptos

If banks cannot win they have no other option than to join.Just make sure you grab the knowledge of blockchain technology now because there will be a high level of demand for blockchain experts in future.

Yeah, banks have and will start using block chain technology since their old traditional way of technology is outdated. There won't be any impact due to banks migrating to block chain for Bitcoin or other crypto currency I think. Slowly banks also will move to crypto market to sustain their business position.

If they wanted to succeed more and lessen their job better to use blockchain technology, they can't deny the fact that this system will be the future of transactions, so while its still early better to adopt and make it very useful to all,  but who knows when will everything will be established and when
everything will be settled as  a useful transaction medium for every transactions that they will cater around the globe, blockchain is the future the only
matter now is how the banks will use it for their benefits.

I believe the reason for this adaption is to make their service faster because before bitcoin(or any blockchain technology) it took several days to weeks to transfer money between international banks and it needs many requirement that is hassle to the client.

Banks now a days does not have a choice but to agree because there are more people who are investing on cryptocurrency rather than placing their money on the banks and that is the reason why they are scared of bitcoins.

they have to use it because blockchain is the future

If it will be realized it will be strong impact at criptocurrency market at all. So I hope blockchain technology will be widely used in bank system

Its possible for banks to use blockchain or adopt cryptocurrency,  but they will need the support of people because I believe people own their password or address to their wallets. If I can personally handle my wallet, keep it safe and not pay any dues to a third party, why do I need a bank?

For example of using blockchain technology in financial system: Ripple can be accepted as payment provider for trasnferring money abroad in Western Union payment transfer system. If ripple can achieve this it means we are ahead of big financial revolution.

It's been said, banks fear the decentralized platform and existence of cryptos.
Somethin thay might throw them out the window!
Well anyway,fiat money is totally different with digital assets.so im pretty sure they'll thrive.
But if they adopt blockchain tech and BTC all the better, this will insure their participation in the future and will secure BTCs future at the same time.
Win-win situation guys

Not really, blockchain into the banking industry won't affect the cryptocurrency. Already blockchain technology is being used by several banking firms around the globe. It might serve to be highly a competent to the cryptocurrency network, as it will be functioning on a centralized platform.

This is the only way banks will be able to survive now. I don't know how to put it, but, the Crypto Exchanges are the new banks of the world. The centralized banks are a thing of the past.
Soon, they will slowly dissapear or adapt.

if the bank will use blockchain it will affect the crypto currency. I am very senag if the bank uses blockchain because it will push bitcoin prices up. I really hope the bank can cooperate with crypto currency because previously the bitcoin price dropped dramatically, so I want the bitcoin price up again to reach $ 18,000.

I think blockchain technology will greatly affect the money industry and it will giveway to cryptocurrency to better access of blockchain technology. With people adopting this kind of system in our day to day lives, I wouldn't be surprised when bitcoins now becomes mainstream.

This could exactly help crypto community to become more stronger. Banks adoption of this system really give them chances to participate this largely growing currency that may encourage more users and investors to go along with us. Though some banks won't make a steps on this but it could be a way to become a mirror and walk with us in the future.

It will be too good if bank using blockchain because cryptocurrency usually disrupt bank system.
and if the bank use blockchain, the blockchain network may congested due the crowded network.

If banks will be using blockchain this means higher fees to us users. Banks source of income are mostly from fees coming their customers. I wish banks will not interfere with cryptocurrencies.

Blockchain technology can potentially be apply to different part of bank operation.  Perhaps a non-traditional, non-centralized bank will become popular in the future.

Yes, blockchain is the most verified system that's brilliant to apply and bank won't let it away from them. They will try to use it in a war against Bitcoin.

Lots of banks are adopting Blockchain Technology for their remittances & payment solutions. The power of blockchain comes from the fact that it can process transactions in a secured fashion and creates a perfect and reliable digital record. it will be positive move for cryptocurrency if they adopt blockchain

Blockchain is rather young technology but banks already trying to integrate and adopt it. In my opinion - it may not affect on cryptocurrency market at all or the situation may get worse on the contrary because they will use their own technologies and idea (they will definitely not choose any blockchain technology that already has any coin on coinmarketcap).

First of course it will greatly help the development of bitcoin and cryptocurrency because the current blocking of bitcoin growth is from banks where their system is in stark contrast to the blockchain system but is it possible that banks will actually implement the blockchain system? whereas they have different systems? very interested in how does it work if this is true will happen?

,same idea crossed in my mind too. besides we all know that its related to the government and all in all it would be involved with politics, not sure if it will be involved but there is also a possibility that it will happen right? but it was better than  banning totally the usage of bitcoin, and pretty sure that there would be some restrictions when using bitcoin.

Banks have taken a notable interest in using Blockchain technology because it makes it difficult for fraudulent transactions to take place. Blockchain works via a distributed database through multiple servers that are constantly updated and secured within the ‘chain’ by the use of cryptography. Any new blocks added to the ledger cannot be altered, providing an extra level of security.

I think they will use blockchain because the transactions were way more faster compared to the system they're using right now. This will also provide more security that's why it's a good move for the banks to use blockchain technology.

We hear this news for more than a year and nothing on the ground, all news has no signs of health and we do not see any change in the price only see the decline of all currencies returned to the price it was before

That's very good, if the banks have started implementing the blockchain system, because it will make the stored data more secure, and accelerate in terms of transactions, although in my country kripto not yet legal, but there are already some banks that use blockchain system, hopefully it becomes early for illegal crypto in my country.

Huge banks are testing crypto technologies especially that of Ripple. But it is really clear that most of these financial institutions will create their own centralized crypto currencies. Because that is their business and they want to control everything as much as possible.

Many Banks use Ripple block chain technology!

XRP is trading very fast, and XRP has a tendency to become a bitcoin in the bank!

Block chain technology effectively reduces bank operating costs and time in Banks.

Of course they will - it is good technology. And it will be used to make fiat payments more efficient - and it will be the death for crypto currencies.

        I think that is the right things to do because plenty of investors are willing to build their own banks that are unlikely to the traditional banks, one good example is the "DATARIUS CRYPTOBANK" this bank will use blockchain technology and many services for cryptocurrency.
        If they ( traditional bank ) will not adapt blockchain technology, maybe they will be step behind at the end of the day.                                

Well, no surprise here or whatsoever. I have already said a lot of times in my posts that there is really a possibility that this can happen since banks are like human beings that must adapt to changes because if they refuse to do so, they will be left out by the rest that decides to do so and die. Although as to whether this happening will either be a bad thing or a good thing is something we cannot say for sure as of now since a lot of pros and cons are there and can pop up for all we know. The only thing we really can do for now is to wait and see.

I think banks getting into blockchain or even using them is a pretty bold move, there has been rumors and
speculations between banks and cryptocurrency which people are well aware of. But still I believe it's a fresh
and productive adjustment if the term suites it, an upgrade that if managed and carefully executed efficiently
well would and could definitely bring in a success none like the other. It might even be rewarding and this
could boost banks reputation all throughout over the world. Although issues and concerns about transaction
and service fees will come to light, but still it's a little fee we pay for the quality and security that banks can
thoroughly deliver. I wouldn't mind it as long as cryptocurrency does well in the market.

I think banks will use bitcoin as a possibility. Blockchain technology is growing and hence internet money will grow. People around the world will know and use bitcoin in the most popular and modern way. The traditional bank will also use bitcoin to increase revenue for banks, increasing the number of transactions with customers is likely to happen in the near future.

Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, with about three-quarters either involved in a proof-of-concept, formulating their blockchain strategy, or just beginning to look into it. Am very sure that 5 years from now , banks will adopt blockchain technology.

what do you mean about using blockchain by banks? they have long been using this technology. but neither as it is not connected with bitkoynom.

This is good news for me, I think because some Banks are now acknowledging Bitcoin as something good for them and not a competition. It is pretty predictable that Banks will have to adapt to the current state of transactions. They really can't do anything about cryptocurrency which is why they have to use it. Not only it will benefit them, it will also benefit the whole crypto world. But keep in mind that once Banks are into crypto, the government will try to regulate it forcefully which is why privacy coins like Monero, DeepOnion and others are created for that kind of things.

Yes, I believe its a great news and important step also for cryptos becoming more and more recognized if even banks are willing to use the same tech!

also, banks need it, in particular, to be more transparent with their clients as today we still don't know how our money is used and store by those banks

the blockchain is an important revolution for all humans, I hope the more business and institutions start to really use it, the more we will improve the way we use capital to improve our lives!

Banks are big capital, big banks are huge capital. Now we can not live and exist without banks therefore it is excellent recognition in higher and technological circles. And it will definitely bring huge sums to the crypt.

banks in the first place, it is very beneficial to use this technology. In large banks it has already been implemented. And it is right.

Looks like everyone is familiar with blockchain technology and this is good news. Hopefully no more refusals and prices recover.

I think banks will use the technology used bitcoin like blockchain technology while using bitcoin for use in banks does not seem too suitable because the total supply of bitcoin is very limited there will be a very crazy price game.

I think this is a nice information. The blockchain system has many advantages, it reduces transaction costs and changes the form of payment, we don't need to trust each other but can still be traded safely, the level of security is still very good. If the banks adopt the blockchain system it will be great, new payment solutions will be available with more benefits. I'm not sure that this problem affects cryptocurrency but I think it will create some positive effects.

Now is the era of high technology. The blockchain is one of the high and advanced technology. Therefore, it seems not be strange for the banks in some countries to use the blockchain technology. However, to affect the cryptocurrency, we still cannot predict. Why? We still don't know their concept of using the blockchain technology. In this case, all possibilities may exist. But we must be sure that now many people know cryptocurrency well. It makes them do exist longer.

Honestly,if this were to scale based on the current situation,the bitcoin person would be so small that he wouldn't even take up a single pixel.It still blows my mind how widely accepted on here the belief is that bitcoin is going to 'bring down the banks'.The amount of money that would have to change hands for this to occur,and the scale and complexity of actually facilitating this is literally unfathomable.

This is actually creates more positivity in blockchain technology usage since the more adoptions the more users will be involved in this technology. Also it has a good impact to the ou by using this blockchain that proves the works to be easy.

This seems so logic for me... Banks are anticipating, that blockchain is dangerous for them, so the want to stick around this new technology to still have the same place and profit in society

Ripple develops blockchain-powered payment app with 61 banks to speed up transactions in Japan; banks realized that they could either find ways to utilize blockchain technology, banks can benefit from blockchain technology.

sounds like an FUD to me, banks are already into blockchain technology, would'nt you be surprised to know banks are behind the recent black propaganda in creating their own crypto, to level with bitcoin technology, this is not new.

If this system will actually be applied then the influence of crypto will be great. blockchain itself very closely with crypto and if true then the bank and crypto will certainly getting close so it could just be the bank will start to receive crypto. but until now it seems difficult to implement the system at the bank.

if the bank adopts a blockchain network, this may be a progress for the world of banking and I'm sure there will be a lot of influence in the world of cryptocurrency. because bitcoin itself also adopts blockchain

Blockchain can make it possible to reject a large number of elements of modern operating infrastructure, qualitatively improving key processes and having a significant impact on the dynamics of costs. I think, undoubtedly will influence the positive side!

Blockchain is just a tool, a technology, nothing "sacred" limited to Bitcoin and company. Since it is a good tool it is very likely that banks will adopt it, probably in a centralized way.

Of course banks will use blocking technology in their structure! A lot of banks are already developing their own plans and plan to create their own crypto currency!

And there is! For example, the Banking giant from Great Britain HSBC sees the prospect of using blockboys in central banks and financial institutions responsible for economic growth and the welfare of the country.

I did not click the link. Would you mind to explain a little bit more detailed how banks will use blockchain technology? From all I know, banks are part of the governmental fiat money system and finance the yearly state budget with printing more money every year and we normal people who have to work hard for our money have to pay the price. So I do not think it will affect the decentralized crypto currencies negatively.

Leading banks and financial institutions are pioneering the development of Blockchain technology and Blockchain-based platforms with a long-term vision and strategy of eventually replacing the entire banking infrastructure with the Blockchain-based protocol

Just like I did mention in one of my earlier post that some banks in my country have affiliation with some of these payment platforms all in the bid to facilitate payment and I believe they will have their own share. Also, I believe they are doing some study already on how to incorporate the blockchain into their operations too.

it could be good news, and bad news. the good news is that bitcoin will become more expensive, because people can use it, then bitcoin prices will increase significantly. But the bad news, bitcoin will be arranged by the bank, made taxes, and the bitcoin system will be created like a bank system, which in every transaction will be taxed and interest, I really do not like such a system. because it is very harmful for us.

Have you ever heard of Ripple?
Here is a perfect example of how banks will use BC technology in the future:  https://ripple.com/use-cases/banks/
One of the reasons I'm a holder of XRP.

This is what I have been waiting for. Banks will really need to adopt the new trends and innovations, or else they will left behind. This is a good news because more and more people in the local area will be able to use blockchain maybe directly to the banks.

It affects the cryptocurrency in a positive manner. As I have always believed, the banks need to adjust and be more friendly to cryptocurrency if they want to remain relevant to this world which is fast developing technologically. If they insist in their old banking system, they will really be knocked out by cryptocurrency sooner or later. The blockchain technology is one of the best features of cryptocurrency that they may inject into their system.

Blockchain technology is a new kind of technology that I believe most institutes or sectors would want to adopt. Considering the fact that banks are threatened by cryptocurrency, I believe in order for them to still in operation, they will definitely want to adopt the blockchain technology.

Certainly the bank will actually use that blockchain because the bitcoin starts adoption for easy process

The world is becoming more  technologically inclined everyday. Despite the doubts people have about cryptocurrencies, blockchain seems to woo many countries because of the transparency involved in blockchain and the fascinating speed blockkchain works with. Banks are observing closely and they are likely to enter blockchain a few years' time. The long term effect is that bitcoin and cryptocurrencies will become household names and unnecessary FUDs will  be very minimal.

This transaction involves the exchange of securities through an application of HQLAX Financial Technologies. Credit Suisse and ING are among the best examples of real capital swaps, using Blockchain technology. Banks around the world are now investing heavily in Blockchain to cut costs and simplify procedures. Despite the trials and transactions that have been successful, the application of blockchain technology in the financial sector is still in its infancy.

If Bank introduce blockchain technology then I think generl people will feel free to use it. Many people involve themselves with this system even who felt doubt to use it. The system will also safer for the user. On the other hand Government will get benefit if people transect their financial activity by blockchain technology through Banking Platform. Govt can bring it under the tax. Besides these every transaction will be monitored by law influencing authority. But general people will feel safe.

Block chain is one of the hottest topics in financial services industry. By making full use of it, Banks can process payments faster and more accurately, while reducing transaction costs and potential risks.

It be news in my country too. Bank central of my country also will do this. I thin it will make transaction within bank account better and faster. Hope it will happen soon