Ignoring Innovation & Disruption
Regardless of the sheer amount of innovation threatening the traditional banking system, established associations turn a blind eye with. According to a Finextra article, those blinds come on when people become decision makers in banking.
Generation X seems to be, when looking at the ordinary board members of a financial institutionhow to set up bitcoin planet 7 casino bitcoin casino united states These people make up the generation who doesn’t like change all that much. 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 the appeal of business models that were tamer lures in them. In actuality, there’s a good chance some of challenger banks will become a different”flavor” of conventional banking, despite attempting to seem disruptive to the outside world.
Bankers Lie At Every Turn
Bankers have a tendency turn words in their favor, or to lie. Financial institutions are much less concerned with customers than they want to admitbitcoinrush scam Independent Digital Banking Advisor Duena Blomstrom witnessed the situation first hand, and told the world:
When we say we’re building disruptive new versions that will integrate money into bigger digital contexts, but we do not have the backend technology to even begin to understand the information, we lie. When we understand as a consumer, as a human, that our needs are nowhere close to met with our money holder in our interaction, but we spend no time seriously analyzing those needs and feelings but say we do, we lie.
Where blockchain technology in the sector is concerned, that statement appears to hold a lot of merit. Multiple banks are researching technology that is Bitcoin to sound disruptive. But very few of time realize what it requires to yield benefits or how the technology works. Developing a blockchain out of thin air will not have any impact whatsoever, and it’s nothing more than another lie that is empty.
It is important for consumers and bankers to keep in mind the status quo will not hold forever. Change is coming, whether bankers like it or not. Consumers are currently directing these changes, and developers are creating the technology to accommodate these requirements. The open standard, such as the Bitcoin blockchain, has become the new standard.
What are your thoughts on these revelations from the world of bankers? Tell us in the comments below!
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