Banks will use blockchain

[fuding12]

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

Well, some time ago, big banks around the world in one voice, they opposed bitcoin and Blockchain technology.
However, the current financial / bank organization is the most seriously gradually interested in Bitcoin and looking for possibilities to implement blockchain technology. and this is a serious proof that cryptocurrency and blockchain technology have a great future.

[wicaksono]

Some banks will adopt block chain as a business tool just as they moved to computers from paper based ledgers, some will move faster than others. However they will all need at some point agree a global standard platform to enable bank to bank transactions.

you are right ... I think at some point all banks will switch and choose to work with the blockchain system .. they all need a few things to agree on a global standard platform to enable bank transactions to the bank. I agree dwengan you because today the digital currency has become a trend

[DRVX]

Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, with about three-quarters either involved in a proof-of-concept, formulating their blockchain strategy, or just beginning to look into it.

I also think that banks are interested in blockchain. If they start using this technology they will save a lot on transactions. The bank system can become more effective, and people will trust banks more.

[Jannalsieh]

Even though most banks are not fans of the currency that came from the blockchain technology, they are very much happy to adopt the new technology because they see that it will greatly benefit them in their line of work and it seems that it already is. Most major banks are on the verge of using it as early as 2020.

Banks perceive the benefits of blockchain technology but they are not really advocates of cryptocurrency. They are just eyeing on the wide range of benefits  that it can offer them in their line of work, and I believe they are already using it. But not really cryptocurrency.
However, it may not be impossible for them to use it as evident in a few banks in the Philippines with which they now have launched blockchain payment system http://news.abs-cbn.com/business/01/22/18/visa-unionbank-launch-blockchain-payment-system

[Beehives]

Even though most banks are not fans of the currency that came from the blockchain technology, they are very much happy to adopt the new technology because they see that it will greatly benefit them in their line of work and it seems that it already is. Most major banks are on the verge of using it as early as 2020.

Banks perceive the benefits of blockchain technology but they are not really advocates of cryptocurrency. They are just eyeing on the wide range of benefits  that it can offer them in their line of work, and I believe they are already using it. But not really cryptocurrency.
However, it may not be impossible for them to use it as evident in a few banks in the Philippines with which they now have launched blockchain payment system http://news.abs-cbn.com/business/01/22/18/visa-unionbank-launch-blockchain-payment-system

This is good news dude that Philippines is positive on cryptocurrency

[fempat]

Some banks will adopt block chain as a business tool just as they moved to computers from paper based ledgers, some will move faster than others. However they will all need at some point agree a global standard platform to enable bank to bank transactions.

It's only a matter if time before this comes into place. Some banks are using ripple already. All these FUDs sorrounding blockchain will end soon.

[damrianto]

the banking system that uses the blockcain system is always accompanied by some changes in this market will be advantageous for the ever increasing krypto market system. This is to know the rise and fall of the selling price of currency in the market.

[daduremi]

for security issues I support, because if the bank uses a blockhain system then the security will be more increased
and I think, it will not affect cryptocurrency because of the different workings, although using the same security system

[ahmad21]

Its pretty obvious blockchain is the new upcoming technology and there is no doubt that it will be used in almost every sector of the world. Even today itself in the Budget announced by Finance Minister of India he clearly stated that use of blockchain technology will be promoted in every sector however the govt. holds a critical view against the cryptocurrencies. So blockchain will be used by almost every institution for storing its data due to its such positive traits of confidentiality and security.

[alonrono]

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

I don't see a reason why not.
It is a very sophisticated system and almost unbreakable, I believe in a few years most of the banks will use blockchain.

[chidrawarster]

It is very much possible that banks will use the block chain  technology as this being a smarter and transparent interface making the transactions even look faster and in real time. If the banks would deploy this technology, then they are definitely going to make some real profit even in technology front and reduction of overheads which will benefit the customer finally as the costs pertaining transactions will be reduced as well.

[Rabeya]

Blockchain technology is now a popular way that is being followed by Banking sectors. Central Bank of Bangladesh (Bangladesh Bank) and other banks are trying to introduce themselves with blockchain technology.

[preditor422]

They have to use it as it is the only most updated system in the financial field and there is no better option than blockchain.Infect in india students are getting special lectures regarding this topic.Banks are quite keen to adopt to this system and government is also supporting them.I think that move could gain some more popularity for cryptoworld.

[Argoo]

Banks are already using blockchein. An example of this is a ripple coin. which is used in the banking system. This coin replaces the outdated SWIFT banking method and allows for a few seconds to transfer money to anywhere in the world. The big banks have already teamed up to use this coin and its blockchein technology.

[Beehives]

Banks are already using blockchein. An example of this is a ripple coin. which is used in the banking system. This coin replaces the outdated SWIFT banking method and allows for a few seconds to transfer money to anywhere in the world. The big banks have already teamed up to use this coin and its blockchein technology.

This is good information bro. Perhaps bank realize that blockchain is more cheaper and safer that the current system.

[wnfmzm74]

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

Well, some time ago, big banks around the world in one voice, they opposed bitcoin and Blockchain technology.
However, the current financial / bank organization is the most seriously gradually interested in Bitcoin and looking for possibilities to implement blockchain technology. and this is a serious proof that cryptocurrency and blockchain technology have a great future.

The application of blockchain has great significance to the development of commercial banks. Not only shorten trading hours, reduce transaction costs, and the new business model, banks can find more ways to create profits, but also improve regulatory efforts and reduce regulatory costs.

[frery]

https://www.ft.com/content/7dc8738c-a922-11e7-93c5-648314d2c72c

Banks are now team up to use blockchain. What is your thought on this guys?
It could affect the cryptocurrency or not?

I do not think it will affect cryptocurrency, because cryptocurrency is also based on blockchain technology, which is conducive to the development of the blockchain is also conducive to digital currency publicity, in contrast, will let people see cryptocurrency than the bank Better, because cryptocurrency is a decentralized transaction that understands users' needs only in contrast to letting the user know which one they want.

[yana0901]

I've never really delved into this question. Probably! Maybe there is an Internet bank, because the currency is not official

[fusanti4455]

it might be a good start for the banks to join the blockchain, hopefully the future will be even better, and the world of cryptocurrency will be increasingly recognized around the world, I believe in a few years most banks will use blockchain.

[thaitea.deluxe]

i think the banks over the world should be accepting blockchain as a payment.
it is simplified things.