Sentences with phrase «existing banking system»

The majority of investors in bitcoin and the cryptocurrency market are confident that cryptocurrencies such as bitcoin can replace existing banking systems and transform the global finance industry.

The global lending market has witnessed revolutionary changes in 2016, with fintechs playing a significant role in restructuring the lending system to be more dynamic and responsive, vis - à - vis the traditional framework of existing banking systems.

P2P lending platforms target segments that are unserved or under - served by existing banking system such as consumer credit and small and micro business lending.

It was accomplished by combining blockchain technology with the existing banking system and commercial registry, according to Proxeus» announcement.

This applies especially to a central banking mechanism superimposed on an existing banking system.

I firmly believe the Bitcoin and the existing banking system will likely co-exist even complement each other.

China's central bank admits #bitcoin and cryptocurrencies are threats to central banks and existing banking systems.

He makes note of this because of the very unconventional nature that digital currencies have which makes them a credible threat to the existing banking system due to the numerous benefits it presents to the end user; this includes practically free currency transfer and elimination of bottlenecks.

For the majority of the time, banks and cryptocurrencies haven't shared a cordial relationship altogether as the latter's decentralized distributed ledger technology is supposed to pose a substantial risk to the existing banking systems.