Banks will use blockchain

[Geoll29]

If banks will be using blockchain this means higher fees to us users. Banks source of income are mostly from fees coming their customers. I wish banks will not interfere with cryptocurrencies.

[paymentbox]

Blockchain technology can potentially be apply to different part of bank operation.  Perhaps a non-traditional, non-centralized bank will become popular in the future.

[teddyktl]

Yes, blockchain is the most verified system that's brilliant to apply and bank won't let it away from them. They will try to use it in a war against Bitcoin.

[mware]

Lots of banks are adopting Blockchain Technology for their remittances & payment solutions. The power of blockchain comes from the fact that it can process transactions in a secured fashion and creates a perfect and reliable digital record. it will be positive move for cryptocurrency if they adopt blockchain

[ColdZerk]

Blockchain is rather young technology but banks already trying to integrate and adopt it. In my opinion - it may not affect on cryptocurrency market at all or the situation may get worse on the contrary because they will use their own technologies and idea (they will definitely not choose any blockchain technology that already has any coin on coinmarketcap).

[Pattart]

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 could exactly help crypto community to become more stronger. Banks adoption of this system really give them chances to participate this largely growing currency that may encourage more users and investors to go along with us. Though some banks won't make a steps on this but it could be a way to become a mirror and walk with us in the future.

First of course it will greatly help the development of bitcoin and cryptocurrency because the current blocking of bitcoin growth is from banks where their system is in stark contrast to the blockchain system but is it possible that banks will actually implement the blockchain system? whereas they have different systems? very interested in how does it work if this is true will happen?

[Supreemo]

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 could exactly help crypto community to become more stronger. Banks adoption of this system really give them chances to participate this largely growing currency that may encourage more users and investors to go along with us. Though some banks won't make a steps on this but it could be a way to become a mirror and walk with us in the future.

First of course it will greatly help the development of bitcoin and cryptocurrency because the current blocking of bitcoin growth is from banks where their system is in stark contrast to the blockchain system but is it possible that banks will actually implement the blockchain system? whereas they have different systems? very interested in how does it work if this is true will happen?

,same idea crossed in my mind too. besides we all know that its related to the government and all in all it would be involved with politics, not sure if it will be involved but there is also a possibility that it will happen right? but it was better than  banning totally the usage of bitcoin, and pretty sure that there would be some restrictions when using bitcoin.

[Jay Jay crypto]

Banks have taken a notable interest in using Blockchain technology because it makes it difficult for fraudulent transactions to take place. Blockchain works via a distributed database through multiple servers that are constantly updated and secured within the ‘chain’ by the use of cryptography. Any new blocks added to the ledger cannot be altered, providing an extra level of security.

[Emjohn.]

I think they will use blockchain because the transactions were way more faster compared to the system they're using right now. This will also provide more security that's why it's a good move for the banks to use blockchain technology.

[Geemy]

We hear this news for more than a year and nothing on the ground, all news has no signs of health and we do not see any change in the price only see the decline of all currencies returned to the price it was before

[kesmex]

That's very good, if the banks have started implementing the blockchain system, because it will make the stored data more secure, and accelerate in terms of transactions, although in my country kripto not yet legal, but there are already some banks that use blockchain system, hopefully it becomes early for illegal crypto in my country.

[MrZ28s]

Huge banks are testing crypto technologies especially that of Ripple. But it is really clear that most of these financial institutions will create their own centralized crypto currencies. Because that is their business and they want to control everything as much as possible.

[green_fish]

Many Banks use Ripple block chain technology!

XRP is trading very fast, and XRP has a tendency to become a bitcoin in the bank!

Block chain technology effectively reduces bank operating costs and time in Banks.

[freightjoe]

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?

Of course they will - it is good technology. And it will be used to make fiat payments more efficient - and it will be the death for crypto currencies.

[ityandsyn]

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 think that is the right things to do because plenty of investors are willing to build their own banks that are unlikely to the traditional banks, one good example is the "DATARIUS CRYPTOBANK" this bank will use blockchain technology and many services for cryptocurrency.
        If they ( traditional bank ) will not adapt blockchain technology, maybe they will be step behind at the end of the day.                                

[Similificator]

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, no surprise here or whatsoever. I have already said a lot of times in my posts that there is really a possibility that this can happen since banks are like human beings that must adapt to changes because if they refuse to do so, they will be left out by the rest that decides to do so and die. Although as to whether this happening will either be a bad thing or a good thing is something we cannot say for sure as of now since a lot of pros and cons are there and can pop up for all we know. The only thing we really can do for now is to wait and see.

[beej]

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?

It will be too good if bank using blockchain because cryptocurrency usually disrupt bank system.
and if the bank use blockchain, the blockchain network may congested due the crowded network.

I think banks getting into blockchain or even using them is a pretty bold move, there has been rumors and
speculations between banks and cryptocurrency which people are well aware of. But still I believe it's a fresh
and productive adjustment if the term suites it, an upgrade that if managed and carefully executed efficiently
well would and could definitely bring in a success none like the other. It might even be rewarding and this
could boost banks reputation all throughout over the world. Although issues and concerns about transaction
and service fees will come to light, but still it's a little fee we pay for the quality and security that banks can
thoroughly deliver. I wouldn't mind it as long as cryptocurrency does well in the market.

[mulukey]

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?

Of course they will - it is good technology. And it will be used to make fiat payments more efficient - and it will be the death for crypto currencies.

I think banks will use bitcoin as a possibility. Blockchain technology is growing and hence internet money will grow. People around the world will know and use bitcoin in the most popular and modern way. The traditional bank will also use bitcoin to increase revenue for banks, increasing the number of transactions with customers is likely to happen in the near future.

[obinine]

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. Am very sure that 5 years from now , banks will adopt blockchain technology.

[CryptoProphet]

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?

what do you mean about using blockchain by banks? they have long been using this technology. but neither as it is not connected with bitkoynom.