HSBC: BLOCKCHAIN TECHNOLOGY COULD HELP CENTRAL BANKS' POLICIES
UK-based banking giant HSBC sees blockchain technology to benefit state-installed central banks, institutions that are tasked and responsible for a country’s economic growth and wellbeing.In a document obtained by Business Insider, HSBC sees the potential of blockchain technology to transcend private and investment banks and influence or even enhance central banks’ policies.
The publication reports that HSBC sees central banks’ current method of helping the economy through interest rates has a few drawbacks. Notably, there’s no guarantee of the money pumped into the real economy as the choice rests among the banks and the creation of excessive additional debt can also lead to stagnation of the economy.
https://www.cryptocoinsnews.com/hsbc-blockchain-technology-could-help-central-banks-policies/
