Bitcoin Suisse founder Niklas Nikolajsen believes it’s only a matter of time before European banks will start offering bitcoin wallets.
Digital currencies like bitcoin are proven to be faster and cheaper than traditional banking methods, but the idea of banks providing bitcoin wallets remains far-fetched. Until today, that is.
In an interview with finews.ch, Nikolajsen said he expects that a change will come to the banking system “by the end of 2016.” Nikolajsen didn’t mention which European banks, only that it would “not be an exotic bank.”
Blockchain revolution won’t happen ‘soon’
The central bank of UK, however, has a different idea on when the blockchain revolution is going to happen.
Andrew Hauser, executive director for banking, payments and financial resilience of the Bank of England, said that while financial technology may shape the way the central bank develops new systems—particularly in terms of adopting distributed ledgers—adopting blockchain for stock and bond settlements won’t happen