[2016-07-18]Blockchain Can Cause $150b Revenue Loss to Banks

[BTCBinary]

Blockchain Can Cause $150b Revenue Loss to Banks

The other side of the medallion is how this approach by banks makes it difficult to see a clear path forward. Since the blockchain will make its biggest impact in the international payment and trade finance sectors, a clear course of action is direly needed...

http://www.newsbtc.com/2016/07/18/blockchain-can-cause-150b-revenue-loss-banks/

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[Vitnatin]

" The number of banks not participating in these development efforts still overshadows those who want to innovate. For those competitors who are not keeping up with customer expectations and demands, financial losses are on the horizon. To be more precise, banks could lose as much as US$150bn in revenue by not getting involved in blockchain efforts."

[Gahs]

This is just a hype, banks are going nowhere... 21M bitcoins is not equal to $150b so how can bitcoins create a loss that big? The blockchain technology might be an added advantage to banks, but it won't create a financial dent anytime soon.