Are Banks Co-opting Bitcoin’s Technology? | Compound Interested Ep. 6

The first line of Bitcoin’s founding manifesto states its goal: to create an online cash system that facilitates transactions, “without having to go through financial institutions.” But recently, financial institutions have been investing in blockchain technology, which is the peer-to-peer accounting system Bitcoin uses to circumvent banks. Does this mean banks will end up in an even stronger than they were before Bitcoin came along?

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