Only problem is banks are now designing their own blockchains that are closed source and centralised.
This is not going to help Bitcoin or any crypto if the banks go down that path...
Who cares what banks do. I personally never expected banks to use cryptocurrencies and I don't even care about what the whole financial world does with regards to crypto. Let them have their private chains.
The real value will come from things that are not yet mainstream. The financial part is just one layer of the blockchain onion.
Once the technology is more mature nearly every company could benefit from using blockchain tech, and that's where the value will come from.
Give it some time, once people figure out they can prevent cheaters and scammers by using blockchain and do it in a cost effective way this thing will boom, banks or no banks...
major corporations and countries investing in blockchain technology legitimizes the concept of the tech and field as a whole. bitcoin might get a little worried, but as a new blockchain platform, we are in a great place. projects, ideas, programs, apps are going up left and right. that gives us more competition, but it also gives us an ever increasing pool of companies/organizations thinking about building on a blockchain. NEM is poised very well to soon start snatching some of these up as the NEM blockchain for what it is being rolled out to do, will be uniquely qualified.
there are a lot of big names right now talking about building a chain from scratch, it just takes one Makoto to tell them they don't need to do that, that one has already been built for them. he is making really good connections right now in Asia, so I am hopeful.
