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TRADITIONAL FINANCE PERCEPTION SHIFT
The digital currency industry is experiencing a watershed moment. Large Wall St. institutions are addressing distributed ledgers at the highest levels.
Within the next few years, anything that can be decentralized through blockchain technology will be forced to address it. Major payment processor VISA:
“Fielding a question about whether Visa has a Bitcoin-related technology strategy, Jonathan Vaux, executive director of innovation partnerships, Visa Europe, said: ‘There are two elements here: the blockchain technology itself, which is very interesting for transactions, then there is bitcoin the currency. We are certainly looking at applications involving blockchain. What can you do with this? We know there’s a peer-to-peer transaction network happening but we don’t see it scaling unless there is trust in the system. Certainly we are looking at it in a lab environment and as quick way of routing it’s exciting. We have a team in London looking at specific use cases,’ he said.” [Source]
Most major banks working on the potential of Bitcoin’s features and financial applications: BNP Paribas,Nasdaq, NYSE, BBVA, Santander, the three largest Dutch banks, Deloitte (PDF), Barclays, UBS,Citi,Goldman Sachs, SWIFT, VISA, BNY Mellon, and the Singaporean Central Bank have publicly announced experimentation with, investment or interest in blockchain technology.