Banks are adopting Blockchain to survive.

Banks are adopting Blockchain to survive.

By alberdioni8406 | S.O.S | 27 Jan 2020


It's a constant note that the worldwide Banks are embracing Blockchain, and creating ways of payments on top of the Tech and also researching a lot more to learn how to take the maximum knowledge of it, more for they own surviving!

Since the existence of Cryptocurrency and Blockchain, the banks are losing their customers to the decentralized world of Finances and prominent clients are mixing their existent portfolio with Cryptocurrency.

The possibility of being the "own Bank" using crypto more people are, cashing out their savings to invest in crypto related assets, and as proved BTC is the asset that more profit gave in the last 4 years.

The Banks now are running to adopt the Blockchain, and creating the CBDCs, but not for their own choice, but for not losing the train, the SWIFT transfers are obsolete, cost a lot more than a digital transaction not mentioning that digital currency is cheap, faster, more transparent and very effective!

The Banks are embracing the Blockchain Technology to survive or they will start dying slowly and very fast!

**header image from pixabay.com.

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alberdioni8406
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