An expansive range of products and services are being built around bitcoin, blockchain, and distributed ledger technologies. Financial firms are looking at ways to leverage blockchain technology for the purpose of increasing efficiency and to incorporate it into portfolios.
At the intersection of banking, financial services, and technology, Virtual Banking offers an excellent view of the changes taking place in banking and financial services thanks to changes in consumer behavior and advances in Internet and mobile banking. If banks do not adapt, they run the risk of becoming irrelevant to their customers.
When I first took a serious look at bitcoin, I focused on its potential as a currency. It was hard not to notice the enthusiasm for bitcoin among a number of its proponents. But I balked nevertheless. I felt that bitcoin would have a common enemy in governments around the world, implying that it would be outlawed, burdened with onerous regulation, taxed, or otherwise butchered beyond recognition by policy.
Having risen to more than $1,100 per bitcoin in trading just a few months ago, bitcoin has subsequently experienced a good deal of turmoil and volatility.
In a poll conducted in the CFA Institute Financial NewsBrief, we asked professional investors around the world if they thought the Bitcoin would be a long-term, viable alternative to government-sponsored currencies.
Do you think… READ MORE ›
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