" Standard Chartered, Standard Bank’s parent, is entering the fray. In mid-2015, the company’s chief innovation officer called blockchain a force for good in a posting and added that blockchain could eventually cut costs for financial services such as credit cards, remittances and money transfers,
opening these services up to people who can’t afford them. "
Take note, they not saying ....We will makes these services cheaper to increase our profits... they have the vision of making it cheaper for more people
to be able to afford it. This is truly a big move for a bank to make, when they are faced with possible disruption. They could either chose to fight it or
to embrace it and
moving forward. I googled this bank, and their slogan is ...
moving forward. Once banks try to fight back with their
own Blockchain private permissioned ledgers... they will go backwards down the wrong path..... Bitcoin is already the solution.