Best wallet for cryptocurrency reddit. At the rise of Bitcoin, governments expressed their skepticism regarding
the particular application of cryptocurrencies.
One of the Blockchain predictions made by Gartner is that the banking industry will derive 1 billion dollars of
business value from the use of Blockchain-based cryptocurrencies by
Moreover, Blockchain can be used for launching new cryptocurrencies that
will be regulated or influenced by monetary policy.
In this way, banks want to reduce the competitive advantage of standalone cryptocurrencies and achieve greater control over their monetary policy.
In recent PWC report , 77 percent of financial institutions are
expected to adopt Blockchain technology as part of an in-production system or
process by Though the concept of Blockchain is simple,
it will bring considerable savings for banks.
Although, some countries like China still ban Bitcoin exchanges, we should expect that governments will finally accept the Blockchain-based currency in because of its