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?

Catch up on more episodes of Compound Interested:
Watch: “Is organic food a rip-off?” – http://bit.ly/2nX05oz

Watch: “Why so many tech companies are valued at over a billion without making a dime in profit” – http://bit.ly/2mjl4RV

Watch: “Young Americans are worried they’ll be renting forever” – http://bit.ly/2nXVaHA

Read: “America is about to find out what happens to the economy without undocumented immigrants” – http://bit.ly/2ng3qCJ

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