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Technology is constantly changing and its capabilities are expanding. Across industries, leaders are looking for new tech solutions to keep up with digital needs that’re overwhelming the global population. A key example of it is how banking institutions are beginning to look towards Blockchain solutions for digital currency and banking.

Though the Blockchain technology is simple, it’s incredibly useful. The financial industry is currently in the process of adopting the Blockchain technology to create universally accepted digital currencies that will effectively change the way international payments and banking work. So, what is the Blockchain technology? And how can it be used in the payments industry?

Read more https://www.coinspeaker.com/2017/08/21/blockchain-future-payments-industry/

Needs proper date formatting to be in the News Section.

Thanks...

I agree that blockchain is really simple but very effective tool. And not only in the financial industry, but a lot of them are really using blockchain for their benefits. Whether its public or private blockchain, data transfer would be very quick across different groups in the organization. Which means higher productivity as well. Indeed blockchain will revolutionized how data is kept secured and sharing of information which is very important for those big companies.

I think this is really what we need because its not only applicable to bitcoin or crypto but it is also durable, reliable, and longevity And Due to the decentralized networks, blockchain does not have a central point of failure and is better able to withstand malicious attacks.

Different things that the financial industry does: it moves money, it stores money, it lends money, it trades money, it attests to money, it accounts for money, and so on. Blockchain technology can successfully transform each of that. You pick any industry, and this technology holds huge potential to disrupt it, creating a more prosperous world where people get to participate in the value that they create.

Blockchain could be the foundation of a whole new era whereby our basic right to privacy is protected, because identity is the foundation of freedom and it needs to be managed responsibly.

i can say yes because blockchain is trusted in receiving and good in withdrawal also,here in philippines we have wallet also but not so good to trust your currency not like blockchain,blockhain is the one of the best wallet i know

I think Jeff Garzik has a lot to do then to come here and request proper formatting for the News.
We would need a new moderator for this section which has never been as popular as it is today.

I hope OP at least will fix it.

A Blockchain is a great technology. We can see that through success  of everything with that technology. So why don't use that for everydays payments.

Why not? Blockchain now are proven more effective and fastest (depends on fees) way of payments. Doesn't require any identification documents. Just send and there you go. Payment received. But many people still prefers cash because this doesn't required technology in able to pay for your bills specially when you have to pay personally. For me blockchain is the perfect tool when you have to pay online unlike any traditional payment options.

A lot banks already invested in the technology. The blockchain will make money transfer very easy and manageable. There's no need copies of records and records, all in distributed immutable database.

Wow this article is behind there times. It's not the wave of the future as it's already started. If you can save businesses millions why wouldn't they use blockchain technology for payments?

The blockchain technology is the future of tomorrow, we have seen it disrupt not only the traditional banking industry but its spread to other industries like health, insurance and will literally be everywhere  because its secure, transparent, not prone to manipulation and is cost effective to use.

I initially considered Blockchain technology to be perfect, but not suitable for everyday life, for example, I bought a house, I tried to record it in this chain, and as a result recording was done in the wrong way.