Bain Blockchain Report: ‘Wait-and-See Approach’ Wrong for BanksThe firm, which filed a report on banks’ responses to blockchain last week, said that while banks face “hard choices,” adopting a “wait and see” approach leaves institutions “flat-footed.”
“The innovation genie has popped out of the bottle and doing nothing no longer is a viable option,” the report says.
Bain (Bain.com) points to Santander’s collaboration with Ripple as an example of progress beyond the current trends in traditional finance, which could prove to be a real advantage in the future. Ripple recently partnered with Canadian bank ATB Financial as well, sending the world’s first international, interbank blockchain payment to Germany.
READ MORE >>>
https://news.bitcoin.com/bain-blockchain-report/
