Bitcoin technology could slash transaction risk in banking

Using cryptography to validate transactions may transform finance

bitcoin

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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