Payment processing and banking in the United States is woefully behind the rest of the world. Globally, the system is complex, obtuse, and fragmented enough to

Payment processing and banking in the United States is woefully behind the rest of the world. Globally, the system is complex, obtuse, and fragmented enough to result in a shanty town of technological solutions that are just lipstick on a pig. The hope here is that the introduction of blockchains and cryptocurrencies into public discourse, and public excitement regarding a digital mechanism to store and receive value might be the kick in the pants that the banks need to roll-out better banking tools and systems. Furthermore, the first bank to run a publicly auditable ledger which can be validated externally will set a precedent for transparency. I'm not sure what the future of cryptocurrencies will be (though I'm bullish), but those would be huge wins for society.