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


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