BITCOIN, BANKS AND BONKING BANKERS.

Recently the news from the banks on the Bitcoin phenomena can be described as not as coherent as one should expect from the financial sector. Some banks are more open to the concept of Bitcoin and digital currency in general. For example look at Deutsche bank or the Bank of England that describe Bitcoin as ‘innovative’.
However there are also banks on the other side of the fence and claim that Bitcoin is ‘ disruptive, volatile and can’t be trusted’. We can point to the multiple reports, mostly with accompanied by statistical data charts that clearly shows how ‘bad Bitcoin really is’. Some even claim that ‘Bitcoin will undermine and in a couple of years will demolish the existing financial structures’.
According to an employee who wants to remain anonymous ‘ Digital currency, like Bitcoin, is very disruptive for many financial institutions and government as well’.

This post was published at Crypto Articles on September 14, 2014.