Will bitcoin yield banks with their ‘Kodak Moment’? – Finextra

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It has been hailed as a internet of money, criticised for fuelling an unlawful trade in drugs and weapons, allegedly aided terrorism, been touted as a libertarian dream and as a approach of flouting collateral controls (although tangible use cases in China, Greece and Cyprus are frequency conclusive).

Predictions on Bitcoin’s destiny have been as sundry and confident as a haven banking to opposition a US Dollar, a hazard to a Debit and Credit Card business models, a disruptor of remittance corridors (despite a hurdles of a “last mile”) as good as a notarisation and request registration industries.

Yet a banking has also been discharged and created off so many times there is an mocking collection dedicated to a theme and, lately, quite among a financial attention as merely an engaging app on a distant some-more engaging square of technology: a “blockchain”.

Of all a conclusions to pull about Bitcoin, a final one is a many dangerous for banks. Whilst a discuss over a merits of a bill (open to anyone to minister to as against to usually devoted participants) is fascinating, even if banks are successful in building some form of application allotment silver as a approach of improving settlement between counterparties

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