Many people believe the success of bitcoin and blockchain technology is "inevitable", and banks are now starting to come round to this point of view, according to TechStars managing director Jenny Fielding.
Speaking inside the firm's FinTech accelerator in New York, which is run in partnership with Barclays, Fielding told CoinDesk banks are "ramping up" their engagement with the blockchain ecosystem.
"I can't speak for them ... but it seems like there is more of a willingness to embrace what a lot of the rest of us feel is inevitable," she said.
Barclays, recently named as one of nine banks working to develop a set of common blockchain standards, is increasingly vocal in its support of the nascent technology.
Having launched the accelerator scheme with TechStars in London at the end of 2013, this summer it signed a proof-of-concept with bitcoin exchange Safello and announced it would explore opportunities with another blockchain company, diamond tracker Everledger.
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http://www.coindesk.com/techstars-md-banks-are-embracing-the-inevitability-of-bitcoin/