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Banks are very much here and getting ready for crypto

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by COINS NEWS 116 Views

So, I have been employed in FINTECH for over 12 years now. Currently working for a very large payment solution company.

We ( the industry ) have been looking into blockchain technology for quite a log time now. Nothing tangible so far. It was mostly just figuring out how can we use the tech for our own needs and purposes, not looking into coins or payments so much.

But this year things are changing. we had an internal memo with blockchain specialist joining the company.

We are working on wallet implementation for payment services. Something like ApplePay/Google Pay for crypto. Mind you this is mostly in " proof of concept " stages. But it takes a lot for big companies to move and look into new stuff. Especially with no legislative in law books yet.

However new laws are being voted on and people in power are slowly taking positions.

Banks are very interested and actively figuring out how to offer services to customers. Payment services are very much trying to get the basis right for next "boom" in coming years.

I am very bullish for crypto long term. Because I see things are moving forward behind the scenes.

submitted by /u/Paskee
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