There is work to be done as long as blockchain is awarded to all areas. However, good progress is already being made as far as adoption is concerned. In the financial sector, Ripple (XRP) is being used for intercontinental transactions and is now targeting consumer lending.
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According to a survey conducted by ING, interest in Bitcoin may increase in the future. The European individuals consulted about this showed a growing interest for Bitcoin and cryptocurrencies
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Many financial consultants claim that cryptos will not bring about the expected economic revolution. But institutions like JP Morgan confirm that they are here to stay. This according to a recent company report.
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Banks and financial institutions all over the world are starting to embrace cryptocurrencies and blockchain technology. This time, the Argentinian bank Banco Masventas (BMV), will be using Bitcoin so as to replace Swift.
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