Are Banks Starting to Take Crypto Seriously?

[kreslik.news]

Until recently, Bitcoin and cryptocurrencies in general were largely regarded as a fringe anarcho-capitalist movement or one giant get-rich-quick scheme. However, in the midst of the rising trend of ICOs, the thousands of possible real-life-use applications, and the latest Bitcoin boom (which brought the coin over US$8000), the world is starting to view cryptocurrency as a legitimate asset – or in some cases, a legitimate threat.

According to a recent report from the UK’s Telegraph, the France-based bank BNP Paribas has stated that neither Bitcoin nor any other cryptocurrency will ever become a replacement for traditional currencies because of the lack ... (read more)