Where there is a legitimate need for third parties, there will be well established businesses serving that need. (money.stackexchange.com)
It has also become a mode of payment for some retailers, and a way to transfer funds without the need for a third party. (cnbc.com)
It is the first application of blockchain technology, which eliminates the need for a third party such as a bank by creating a near - instant, permanent and secure record of transactions. (cnbc.com)