Banks love Blockchain but hate Cryptocurrencies

2 min read

The love-hate relationship between the banks the digital coins has been ongoing ever since the inception of Blockchain & the associated Cryptocurrencies. Let’s look at some stats first… according to the Research firm Greenwich Associates following facts were reported: The Financial services industry is spending $1.7 billion annually on Blockchain based distributed ledger technology Budget spending on Blockchain has shown an increase of 67% in the last year alone One in 10 firms have reported spending in excess of $10 million on Blockchain budgets Number of employees working on Blockchain projected doubled And all this is happening for good many reasons since…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.