Bitcoin technology could slash transaction risk in banking

Using cryptography to validate transactions may transform finance


Wary of the volatile and largely unregulated bitcoin, banks would do well to take a closer look at the powerful technology behind the virtual currency. The alternative could be a slide into irrelevance in an increasingly digital world.

This is the picture emerging at the start of 2015 as governments explore regulatory options for a currency far on the fringes of the financial system, and recognise the technology's potential to speed up transactions and reduce associated risks.

In the coming

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