Bitcoin: Another Banking Headache

Bitcoin: Another Banking Headache

William Mougayar is a Toronto-based angel investor and four-time entrepreneur who advises startups on strategy and marketing. Here, in the first of a three-part series, he discusses how banks dealt with the emergence of the Internet and how blockchain technology is causing these institutions a whole new headache. A recent flurry of media reports and surveys have touted that some banking and financial services sector players are undertaking interesting projects with blockchains and decentralized ledgers in particular. But this burst of activity is hardly enough to prematurely claim victory....


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Quotes

I understand the political ramifications of [Bitcoin] and I think that government should stay out of them and they should be perfectly legal.

Roger Ver, Bitcoin Angel Investor and Evangelist