Sentences with phrase «several mainstream financial institutions»
Bitcoin and other cryptocurrencies have had an unprecedented year in its growth rate, which has encouraged several mainstream financial institutions to embrace the future of cryptocurrency.
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Civic raised $ 33 million through its initial coin offering this summer and now has several partnerships with mainstream brands and financial institutions in the works, such as the travel company Amadeus Group.
But, amid all the hype and excitement lie several legal and compliance issues that mainstream financial institutions will have to address if they choose to adapt the bitcoin blockchain technology as a replacement for the current financial infrastructure.