”In the future we will be adding to it and that has been very disruptive to traditional banks, which are not able to do’, says Darrell Duffies, economics professor at the Stanford Graduate School of Business. In an interview with the university Duffies to bitcoin (and possibly other cryptomunten the world of traditional banking, the knock down is going to blow up.
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Inevitably,
According to Duffie, we should not be blinded by the relatively small market for bitcoin. There may be relatively little adoption of a child, but he makes a big change in the next 10 years.
The professor states that it is not a matter of who’s going to win, most of the banks are going to lose. This can be compared to the decentralized bitcoin (BTC), a centrally-issued stablecoin of Facebook, or are a digital currency issued by a central bank.
Duffie think of myself more of a stablecoin to bitcoin is the ultimate winner. Time will tell…
“The new methods of creating more competition for deposits. When the consumer is a faster way in order to pay their bills and vendors easy access to their money without the bank, it’s not a lot of money, which can be found in a recognition with a low extreme rate of interest.”
Darrell Duffies
The money
According to the article, Americans are about to $14,000 billion of money in the American banks. One has to let go of that, because there are few other options as well. If there are well-known and trusted alternatives that have some advantages, then it may be a lot to walk.
For the time being, the average American (and Dutch) have a bank account with the debit card for groceries, to do so. The reason behind this is that the banks are still large amounts of profit to be able to grasp it. Payment by credit card will be charged heavily on earnings.
According to the Duffies is the smartest of all the banks now have in front of you, but to others it is not going to happen, and their profitable business single-handedly in the neck to get running. They are going to do everything it can to continue to do so.
In the end, the question is: do we follow the way of the Duffies? Or we eventually distributed the money, called bitcoin?
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