Category: Banks News

Banks News is the category where you can discover the most interesting news about banks. While one of the aims of cryptocurrencies is to make traditional banking obsolete, banks continue to play an important role in the development and acceptance of the burgeoning crypto economy in two ways. To begin with, banks provide fiat bridges to cryptocurrency markets outside of an actual cash transaction. Without them, the amount of money and interest in the blockchain business would be a fraction of what it is now. Second, in reaction to the emergence of the crypto economy, several of the world’s biggest banks are studying and, in some cases, establishing their own central bank digital currencies, or CBDCs, with the goal of securing hegemony in the digital asset field. Banks as a normal financial institution may shift dramatically in their position and purpose in society as digital finance grows before our eyes — even if it leads to demise.

Keep an eye out for latest Banks News.

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