Bitcoin Could Disintermidate Traditional Banks: BOE Report – ValueWalk Premium
Bitcoin distributed payment system

Bitcoin Could Disintermidate Traditional Banks: BOE Report

Bitcoin is not a threat the United Kingdom’s financial system – yet – says a Bank of England report, but it could work to disintermidate traditional banks.


Payment system under Bitcoin's distributed ledger
Money held in bank deposits are nothing more than digital records, the report noted, as it cited Bitcoin’s “distributed ledger . . .

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