01-13-2021, 07:21 AM
Banking institutions will/are getting into Crypto. Which cryptocurrency will benefit
<!-- SC_OFF --><div class="md"><p>I've recently realised that at some point in time, banking institutions will invevitably turn towards crypto.</p> <p>Banks will get many benefits by building new systems on crypto: Near instant transactions and the fact that crypto make things way cheaper (relatively low fees and low overhead costs) are the main ones. No wonder why the OCC approved banks to use blockchain technology.</p> <p>For users, like you and me, cryptocurrency based banking will mean better security and better privacy. It's a win-win situation.</p> <p>Now, what i'm wondering is : which platform will benefit the most from it, in your opinion?</p> <p>These are the one I know that are CURRENTLY being used/will be used by banking institutions :</p> <p>Stellar (XLM) : Ukraine's government has already chosen Stellar to be the platform on which their national crypto currency will be built on.</p> <p>Ethereum (ETH) : Some stablecoins are already built on ethereum such as USDC. It is rumored that the JP Morgan coin (JPM Coin) which will be a stablecoin , is also an ERC-20 token.</p> <p>Any thoughts on which projects can join this list and how they could facilitate this transition towards crypto?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/99Thebigdady"> /u/99Thebigdady </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kvv5pf/banking_institutions_willare_getting_into_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kvv5pf/banking_institutions_willare_getting_into_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I've recently realised that at some point in time, banking institutions will invevitably turn towards crypto.</p> <p>Banks will get many benefits by building new systems on crypto: Near instant transactions and the fact that crypto make things way cheaper (relatively low fees and low overhead costs) are the main ones. No wonder why the OCC approved banks to use blockchain technology.</p> <p>For users, like you and me, cryptocurrency based banking will mean better security and better privacy. It's a win-win situation.</p> <p>Now, what i'm wondering is : which platform will benefit the most from it, in your opinion?</p> <p>These are the one I know that are CURRENTLY being used/will be used by banking institutions :</p> <p>Stellar (XLM) : Ukraine's government has already chosen Stellar to be the platform on which their national crypto currency will be built on.</p> <p>Ethereum (ETH) : Some stablecoins are already built on ethereum such as USDC. It is rumored that the JP Morgan coin (JPM Coin) which will be a stablecoin , is also an ERC-20 token.</p> <p>Any thoughts on which projects can join this list and how they could facilitate this transition towards crypto?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/99Thebigdady"> /u/99Thebigdady </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kvv5pf/banking_institutions_willare_getting_into_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kvv5pf/banking_institutions_willare_getting_into_crypto/">[comments]</a></span>Kind Regards R