Ignoring Innovation & Disruption
Regardless of the banking system being threatened by the sheer amount of innovation, a blind eye turns with. According to a recent Finextra article, those blinds come on.
When looking at a financial institution’s board members, Generation X appears to bebitcoinrush rating These people constitute the generation who does not like change. Moreover, since things have been going well for numerous decades, there is no point in changing a winning formula and bitcoin casino no deposit bonus 2015.
That may not be the case, although challenger banks are often touted to disrupt traditional banking. Rather they are lured in by the appeal of business models that were tamer. In actuality, there’s a fantastic chance some of challenger banks will end up a different”flavor” of conventional banking, despite attempting to seem disruptive to the outside world.
Bankers Lie At Every Turn
Bankers have a strong tendency turn words in their own favor, or to lie. Than they need to admit, financial institutions are far less concerned with individual customersfree bitcoin casino software ignition casino bitcoin deposit time Independent Digital Banking Consultant Duena Blomstrom told the world, and witnessed the situation firsthand:
Once we say we are building disruptive new models that will integrate money into larger digital contexts, but we do not have the backend technology to even begin to comprehend the information, we lie. When we understand as a human, that our needs are nowhere near to fulfilled in our interaction with our money holder, but we spend no time seriously analyzing those feelings and needs but say we do, we lie.
Where blockchain technology in the sector is concerned, that statement seems to hold a whole lot of merit. Banks are researching technology that is Bitcoin to sound disruptive. But hardly any of time recognize how the technology works or what it needs to yield benefits. Creating a blockchain out of thin air will not have any impact whatsoever, and it is nothing more than another empty lie.
It is important for bankers and consumers to bear in mind the status quo won’t hold forever. Change is coming, not or whether bankers enjoy it. Consumers are currently directing these changes, and programmers are currently creating the technology to accommodate these requirements. The open standard, such as the Bitcoin blockchain, is becoming the new standard.
What are your thoughts on these revelations in the world of bankers? Let us know in the comments below!
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