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FinTech Pulse

Blockchain + Bitcoin = The Financial System of the Future?

WHY BANKS ARE JUMPING ON THE BLOCKCHAIN REACTION

What a mess our global financial system is: $230 trillion of global debt. Imploding currencies all over the world, whether it’s the Brazilian Real, Russian Rouble, Venezuelan Bolivar etc. Money printing and devaluing of currencies by central banks on a scale unimaginable ten years ago... the list goes on. 

While a tiny minority has become obscenely wealthy, billions of people are struggling to survive, all due to a system that was poorly designed and has not evolved to meet modern needs. What’s more, most of those people don’t even have access to some of the financial services that we often take for granted, such as online banking, credit, and ATMs. 

So what would a financial system look like that truly functions for the underbanked or unbanked in any country?

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Topics: Bitcoin, blockchain, blockchain technology

Author: Nicole Harper, Content Manager on Aug 18, 2016

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