HYPR CEO thinks that the blockchain will become 'ubiquitous' in banking

[EvanFaggart]

The CEO of HYPR seems to be pretty optimistic when it comes to blockchain technology being integrated into the legacy finance system. However, he doesn't think Bitcoin as a currency will go mainstream, just the underlying blockchain technology. This notion of 'Blockchain without Bitcoin' is a fast-growing trend in our space, what do you guys think about it?

Article link: http://bitcoinist.net/hypr-blockchain-ubiquitous-banking/

[RealBitcoin]

Ok but we dont care about blockchain. Are the bank fees going to be lower? Probably but not by a lot.

Bitcoin is superior to the banking transaction system in anyway. But at least they get familiar with the tech.

[MingLee]

Ok but we dont care about blockchain. Are the bank fees going to be lower? Probably but not by a lot.

Bitcoin is superior to the banking transaction system in anyway. But at least they get familiar with the tech.

They get familiar with the tech and they get to really see how money moves, making it harder for people to evade taxes and for every transaction to be tracked. This is why the blockchain shouldn't be used with regular banking imo. No-one should be allowed to look and see where your money goes at any point, unless it is a court order.

[RealBitcoin]

Ok but we dont care about blockchain. Are the bank fees going to be lower? Probably but not by a lot.

Bitcoin is superior to the banking transaction system in anyway. But at least they get familiar with the tech.

They get familiar with the tech and they get to really see how money moves, making it harder for people to evade taxes and for every transaction to be tracked. This is why the blockchain shouldn't be used with regular banking imo. No-one should be allowed to look and see where your money goes at any point, unless it is a court order.

There is already 0 privacy with bank transactions, they already know where the money is going.

But with bitcoin there can be privacy once a few more features come in.

[Denker]

Yes yes we already know it.
Praise the Blockchain!
I love it as well.But I will prefer to use THE Blockchain.

[EvanFaggart]

Ok but we dont care about blockchain. Are the bank fees going to be lower? Probably but not by a lot.

Bitcoin is superior to the banking transaction system in anyway. But at least they get familiar with the tech.

I would like to see full Bitcoin implementations, but I'm not against gradual change either. Sometimes a full and immediate overhaul might produce unwanted shocks to the system, and gradual evolution may actually be the best course of action.

[Slowturtleinc]

They really can not beat the fees,thats a great point to address the issue. Means they will look for other avenues that will help move people away from bitcoin to their product like slowing down the block release times or manipulating movement to slow the thing down.