Banks will use blockchain

[Noelbetty12]

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 in my opinion, if banks will be using the same technology, I think this will be a good news for bitcoin because the more they use the system the more they are promoting the use of bitcoin. Thus erasing the fears of the majority and the welcoming of the new era of digital currencies.

[YzzyGo]

They are already using it with ripple. I did not delve into it much when I was trading. But as I am seeing right now it is the 3rd overall in coinmarketcap. So it must be doing something right.

[MMS2017]

Yes the future of this money is very good those who have this money they can become the good traders of this money for those who have actively involved in this currency they are good to be the large investors of this currency and they have earning a regular money through bitcoin. In the present time bitcoin is highly trading and the graph of bitcoin is now increasing day by day.

[Rappyboy]

Well if they want to survive in the near future i think this is the best method, either apply block chain or make a coin of their own.

[ganlianshifu1]

For Banks, blockchain technology is disruptive, not only for themselves, but also for competition from financial technology companies and Internet companies.

Blockchain can solve basic credit problems and form mutual trust mechanism between different core enterprises.

[Farma]

I think it's just a matter of time until the bank implements blockchain. for the time being, I think it is still very difficult for any state bank to implement it, because there are some countries that conflict with bitcoin. but, I think in the near future, or long, it will be approved.

[trinaldao]

Some bank was study about blockchain technology, but some poor country banned and keep bank centralized (country with big coruption cases)

[Hans17]

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?

This is a good news not just for us users but also the bitcoin industry because bitcoin is now growing and building more and more people , and I think it can affect the cryptocurrency and also the different alt coins of it I guess , and I think that the price will go low and the currency such as dollars will increase it's just my conclusion , but still a lot of countries not implementing bitcoin so I think this would positively happen in a future.

[Tambu]

There are series of good news on crypto currency now a days.
1. Bank plan to use blockchain
2. Banks in UAE, KSA and Federal will use ripples net.
3. Arizona, Georgia propose BTC/Cryptocurrency as tax payment
4. Russia also positive on Crypto since it's endorse by Putin itself.

Hope many more soon will follow

[Ambrosius]

Cryptocurrency is one of product from blockchain and they could use the technology without using cryptocurrency. They using blockchain in order for safe and secure data transfers. Cryptocurrency won't affected by this issue.

[tonmoycrypto]

Banks are definitely interested in blockchain. However, most banks we surveyed are still in the early stages of adoption, it will provide greater benefits for any bank that uses it.

[cryptonoel]

Recently banks will adopt block chain technology  as a business tool . I think this will be better, and the bank system will be safer, and certainly if set well, it will provide huge benefits for  bank.

[Thatguys]

Yes most of bank usse ripple to payment anything!

[Btcvilla]

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 have heard this news and news in the past few years, but it has not really happened yet.
I think this news is just repeated and does not preach which banks have used the blochchain system

[automaticmoney]

Banks are using blockchain especially Ripple and ripple is facilitating  banks unique blockchain for fast payment with ledger

[Dudeperfect]

Blockchain as a technology has a huge potential and that's why everyone is curious about it. Banks must change their traditional way of doing business or technological advancements like Blockchain would take away their entire system. That's the reason why banks are trying their hands on Blockchain to optimize their processes.

* ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD.

[BingoDog]

I will say that this is not actually news. Banks are testing blockchain technology for a long time now and they've shown interest for it a long time ago. Still this is all in some kind of experimental phase like they are not sure whether they should implemented or not. Anyhow I think this is the technology of the future and many businesses will implement it, not only banks.

[Jedzkie050617]

     If banks adopt blockchain technology,i think it will enable banks to process payments more quickly. It helps increase the speed and reduce the cost of activities. I think it affect the cryptocurrency because some banks already accept bitcoins.

If banks will use blockchain, it can help a lot more especially in the safety of every transactions such as payments and sending money. Using blockchain technology makes every transaction faster, which lead the employee work easier.

[fireblond]

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?

Not surprised at all, Blockchain is where the future is heading.. If anything we are only at the beginning stages of mass block-chain adoption, from security to smart-contracts.. blockchain offers it all : ) , I wouldn't be surprised if we saw more online-based businesses also implement block-chain.

[ichi ocha]

of course, this became a very positive thing because with the blockchain system is applied to the bank then, of course, will increase the level of security at the bank and makes the customer more comfortable for saving.