Why do Banks Fear Bitcoin
Uploaded on Saturday 20 September 2014
DESCRIPTION
This is money that people may normally leave in their savings accounts. When a customer decides to use it to purchase bitcoin the bank has less money on its books, meaning that they can’t lend out as much as before. If just a few people would do this, it would not be a big issue. But when the general public starts to adopt bitcoin it could endanger part of the bank’s business.”
DETAILS
Language: English
Country: United Kingdom