Banking

Benoît Coeuré: Cryptocurrencies Are A threat To banks business models

Benoît Coeuré

Stable coins, cryptocurrencies, and the decentralized economy pose a direct threat to banks’ business models, according to the former Europe Central Bank governing council official and current Head of the BIS Innovation Hub Benoît Coeuré, during a speech at Eurofi on Friday, September 10. Therefore, he said, monetary authorities need to act quickly to develop …

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Blockchain In the Banking Sector; A Promising Opportunity

a hanging chain

Blockchain is one of the most sought-after technologies that is used in the banking landscape, and the reasons are many to its credit. Indeed, this very technology has brought disruption to the financial industry, enabling every single transaction made to be verified and approved by all participants in the exchange, and then it becomes part …

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