Wall Street Analysts: Bitcoin Could Revolutionise the Non-Financial World Too
Bitcoin technology has the potential to revolutionise the way we buy and sell property, enforce legal documents and even place bets, according to a new report from financial services and investment firm Wedbush Securities. The system of decentralized trust, meaning that there is no central authority, that underpins bitcoin could have applications beyond the payments world that is most commonly associated with the cryptocurrency, write the report's authors Gil Luria and Aaron Turner. The report reads: "We see the potential for bitcoin technology to digitize and decentralize trust. The....
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As bitcoin gains mainstream acceptance from centralized financial institutions, will Wall Street come to ruin what is most powerful about the asset?
A few weeks ago, I opined on why Republicans should love bitcoin. Thankfully, though, the GOP aren't the only ones invited to the party. That's the nature of bitcoin: it has something to offer to everyone. To illustrate, each section of this article begins with a quote taken directly from the Democratic National Platform, followed by a discussion of how bitcoin can address the issue in question. Wall Street. For too long, we've had a financial system that stacked the deck against ordinary Americans. Banks on Wall Street played by different rules than businesses on Main Street and community....