Bank Santander Weighs Up Bitcoin’s Impact On Credit Cards
The legacy banking system is in the process of a technological refresh. This is rather like how cars are updated. A new car is redesigned every five years or so, and three years later they get some navigation system updates, a new grille, and maybe some increased horsepower. The banking industry is certainly not getting redesigned, and the last time they had an engineering overhaul was way back when in the dot-com era, when online banking was added a generation ago. Banks are never at the cutting edge, consistently being five to ten years behind the curve. Now, one international mega-bank,....
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A recent report by Banco Santander discusses the potential impact of Bitcoin adoption on Brazilian banking and financial sector. The number of reports discussing Bitcoin’s impact on mainstream banking and financial sector is overwhelming. Adding to the list is yet another report focused on Brazil, published by Banco Santander. The report titled “Brazil: Banks and Financial Services – To Bitcoin or Not to Bitcoin?” is a result of last month’s meeting with Banco Santander, Mercado Bitcoin — the leading Latin American Bitcoin exchange and local investors. The meeting revolved around the....
Two researchers from Spanish financial group Banco Santander S.A. have released a report concerning the benefits of Bitcoin versus credit cards and traditional bank services. The 10-page paper details the increasing risk for traditional financial management as cryptocurrency solutions become more popular. Banco Santander & the Mercado Bitcoin....
Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers reported on social media that they have received an email from the bank stating, “We’re stopping payments to Binance for your protection,” beginning on July 8. The bank explained: This follows the Financial Conduct Authority (FCA)’s recent warning to consumers and is to help protect you from fraud. For now, we want to be....
One of the largest European banks in operation today is looking to get the skinny on bitcoin and digital currencies, it would seem. Europe's Santander Bank has reportedly commissioned a study on the impact of bitcoin and other cryptocurrencies on the traditional banking system, according to a report first published on HashReport. The study is taking place on the Yegii - a platform founded by MIT professor Trond Undheim. The idea is to get a group of industry experts, enthusiasts, and even skeptics together to "[a]nalyze the impact of bitcoin and other cryptocurrencies on banks and devise a....
Santander UK has put a per transaction limit as well as a total monthly restriction on the amount that users can transfer to crypto exchanges. Santander UK Bank Says Investing In Crypto Can Be High Risk The United Kingdom branch of the banking giant Banco Santander yesterday posted a notification for its customers, where it […]