How #blockchain is Changing Money Transfers
▻https://hackernoon.com/how-blockchain-is-changing-money-transfers-e9cb85e94932?source=rss----3a
In our current time of drastic and revolutionary changes, it is imperative to radically rethink business models and archetypes in general. This article will discuss the merits of blockchain, its impact on the financial system and the experiments some companies have conducted in this area.Traditional financial services providers, banks in particular, are lagging behind the pace of technology development. According to one report from Accenture, most large banks use systems from the 1970s or even the 1960s, and newer computing technologies are simply laid on top of this foundation to support providing banking services online or via mobile devices. This means that the lion’s share of money goes to support the operational status of these systems, and not to introducing innovations. This, (...)
#blockchain-transfers #blockchain-application #payments #money-transfers