The bank has provided bitcoin services to create a precedent

The bank has provided bitcoin services to create a precedent

With the recent bitcoin to more than two times the price of gold soared to $$2400, encrypted bitcoin virtual currency on behalf of the once again become the focus of public opinion.

Norway Bank launched the largest network of bank accounts and accounts bitcoin network service, creating a precedent, also shows that foreign banks actively accept and embrace innovative things, actively participate in the transformation of science and technology financial attitude, remarkable.

On the other hand, also shows that bitcoin has gradually entered the sight of ordinary investors. Of course, the mainstream investors bitcoin is very inconvenient, so they look forward to the U.S. Securities and Exchange Commission (SEC) recently re through recently rejected bitcoin ETF application. This will greatly simplify the investment barriers, will set off a new round of investment boom bitcoin.

But the author of this pessimistic: bitcoin market is not mature and not standardized, especially as money laundering tool, has become a focus of public criticism. The United States Commission in 2 months ago to veto the ETF application. Because of the recent WannaCry virus with bitcoin for blackmail, coupled with the recent bitcoin prices soared 260%, caused more resentment and concerns of regulators. For the basic principles for the protection of investors, the Commission recently approved ETF possibility is very small. Of course, keep on fighting, defeated the final regulatory approval, it is necessary to bitcoin investment mainstream market discipline.

The new trend is bound to come, but the process may be more long.

The popularity of bitcoin may eventually be inferior to the fiery financial industry of science and technology.

Norway’s largest online banking Skandiabanken recently announced plans to launch a bank account and encrypted virtual currency account network services to customers.

Although some people may think that this is the traditional bank embracing bitcoin is a simple move, but in fact, it also indicates that the new evolution of cryptocurrencies will begin to appear in the financial technology on a larger stage.

Skandiabanken this week announced its intention to allow users to a bank account and Coinbase account to allow the user to view the encrypted virtual currency balance in banking applications.

This application allows the user to view the encrypted virtual goods account, as the view of other investment accounts, and the current function does not include the purchase and sale of encrypted virtual currency function. The bank stressed that it is not regarded as the bitcoin currency, but as an asset class.

This may be the start of a trend that bitcoin in more areas and financial technology trends together, to provide innovative services for customers, although these services do not necessarily have great business opportunities.

Replace the banking business

This may be the start of a trend that bitcoin in more areas and financial technology trends together, to provide innovative services for customers, although these services do not necessarily have great business opportunities.

In the world, mobile phone bank gradually replace the bank branches in Norway, for example, 91% of the population will use online banking.

The Internet was born in the first generation of young people has been mature, accelerate financial technology services continue to erode this trend and replace some of the traditional bank functions.

In addition, the revised payment service specification (PSD2) will be opened in 2018. The Directive requires banks to share customer data through the API and the third party organization, the shared data may include the encrypted virtual currency service access.

Therefore, Internet banking, financial services and open API, the combination of the three makes the traditional finance and new financial boundaries become more blurred.

Skandiabanken and other emerging banking institutions are taking measures to bitcoin and other virtual assets as a trusted token encryption. If this trend continues, the encrypted virtual currency will eventually become the financial technology layout in a vigorous development of the new hot spot.

This will give lawmakers more pressure, urging them to develop a comprehensive, suitable for the new asset class supervision plan as soon as possible. It also helps to encourage the development of new encryption and virtual currency related services.

This does not mean that bitcoin and similar assets is becoming mainstream. But it shows that financial spoiler can start to change the status quo has been stagnant for decades. At the same time, it also shows that the encryption of virtual currency will also become the financial ecological system is an important part of science and technology.

Leave a Reply

Your email address will not be published. Required fields are marked *