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Banks have been using the Ethereum blockchain for behind the scenes bad debt transfers for about seven years now. Banks don’t want to deal with treasury depart
by imchillyb 3y ago
Banks have been using the Ethereum blockchain for behind the scenes bad debt transfers for about seven years now.
Banks don’t want to deal with treasury departments nor do the banks want to be beholden to federal governments regarding prime rates.
Ethereum allows banks to circumvent these types of issues because rates are dictated by banks not by governments and their treasury departments.
Crypto currency is coming soon. It’s only a matter of time and validating processes now.
- ArtTimeInvestor 3y agoHow can a bank transfer debt via Ethereum? Isn't "debt" a contract between the bank and a user? How do you transfer that and to whom?
- maxcoder4 3y agoThat sounds suspicious. Maybe a few years back out would work, but now cryptocurrency is pretty regulated. And at the same time it's not battle tested. Any CFO who signs of on something like that risks shareholder fury when anything goes wrong.
- lottin 3y agoWhat?
- schmichael 3y agoCitation needed (from a non-crypto-booster source)