The Much-Hated Bitcoin is Becoming the Saving Grace for Banks - InvestingChannel

The Much-Hated Bitcoin is Becoming the Saving Grace for Banks

It is no longer news that traditional financial institutions hate Bitcoin and they’ll do anything to stifle its growth. Bitcoin seeks to decentralize the money supply in the economic landscape and a decentralization of money could make banks obsolete or mostly unnecessary. More so, Bitcoin offers incredibly low transaction costs and the low fees associated with Bitcoin payments makes Bitcoin a better payment alternative to many of the payment solutions that banks offer.

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