RE: The World of Cryptocurrency - Jamie Dimon

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The World of Cryptocurrency - Jamie Dimon

in bitcoin •  7 years ago 

Banks refused for long to consider bitcoin and other cryptocurrencies as serious currencies until a few months ago where big banks have started to open crypto accounts for their clients! Some are even creating their own crypto! The economic world is evolving and they'll have no other choice than to adapt!

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Banks must adapt to the advancement of technology in currencies otherwise they will be left behind scratching their heads. They dont have a choice whatsoever - adapt it or banned it but if they will choose the latter, they will be doomed into bankruptcy.

I sat with my banker last week at ask her if the bank was considering cryptos as a legitimate issue to her bank. Her response was that the world is changing in that direction. She admits it is for real but had no plans of implementing at this point.

For now, they didnt see and feel the sad reality of the banks' future. Bitcoin users is just a fraction of world's population but definitely, it will spread throughout the continent soon and its practically fast-pace spreading. That time, banks will be force to adapt the cryptocurrency otherwise they will get bankcrupt.