What Wall Street’s Obsession With Blockchain Means for the Future of Banking
Anyone who sends money abroad knows how inconvenient it is. Banks take days, sometimes weeks, to clear payments, and they collect a hefty fee in between. And God forbid, when errors occur, money vanishes into thin air. “Banking now is like sending a letter—you send it [and] you don’t know if it reached [its destination],” observed Chris Larsen, CEO and co-founder of Ripple, a San Francisco-based startup...
http://fortune.com/2016/07/10/wall-street-blockchain-technology-banking/
