BITCOIN PAYMENTS TO GO CORPORATE?

BNP Paribas analyst Johann Palychata has published an article arguing that Bitcoin and other cryptocurrencies could shake up traditional banking and financial services, Cash & Treasury Management File reported.
Palychata’s article, which publicly suggests that ‘the development of an alternative to the current banking system is under way,’ is remarkable because it comes from one of the world’s largest banks. Palychata outlined several areas where cryptocurrencies could have a big impact on traditional banking, including:
As a means of payment: BNP Paribas expects ‘slow emergence of an ecosystem to accommodate a broader use of cryptocurrencies in the real economy,’ Palychata wrote.

This post was published at Pymnts on November 17th, 2014.