Bitcoin Press Release: Minex Ecosystem – is a self-regulating financial system created for decreasing volatility and making MineCoin a new payment unit based on blockchain technology.
September 19, 2016, Kyiv, Ukraine – The increasing popularity of cryptocurrencies and its underlying blockchain technology has got the banking industry worried. In order to counter the rising threat, many leading banks are investing heavily in the research and development of blockchain-based applications for their own operations.
Some of the well-known banking majors like Banco Santander, Barclays and UBS have already setup blockchain labs. Banco Santander’s blockchain study report has revealed that by using blockchain technology, global banking sector can save as much as $20 billion a year in regulatory and compliance costs. According to the European Banking Association, the volatile nature of cryptocurrencies has prevented them from posing a significant threat to the conventional banking system