Ignoring Bitcoin Could Harm Bank Revenues

Ignoring Bitcoin Could Harm Bank Revenues

A recent study by Frost & Sullivan shows that the Fintech market in Australia is a force to be reckoned with. These days, there is a lot of debate on whether or not banks should collaborate with Fintech and Bitcoin players to bring more innovation to the financial sector. Resisting this seemingly inevitable shift will cost several billion AUD in revenues for Australian banks, according to a recent report. Very few people are aware of how the Australian Banking sector is subject to substantial regulation, which was drafted to prevent monopolies and collapses. Although there are four....


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