18 February 2014

The Banking Industry’s Varied Views on Bitcoin

Decentralized, math-based currencies can provide a framework for autonomous banking. To the average person that may not mean much, but to some the concept is enthralling.


Controlling money outside of incumbent systems is particularly exciting to cyberpunks and crypto-libertarians, yet the banks will, at some point, be working closely with bitcoin. A future where cryptocurrencies are a mainstream financial technology will likely depend on it.


Here are three different banks, with very different stances on bitcoin, that reveal just how contrasting the financial industry can be.


Continue reading at CoinDesk


February 18, 2014 at 09:42AM