Bitcoin is one of the world’s most popular crypto-currencies, and there is still a lot of interest and optimism in developing the virtual currency further despite the number of challenges it has faced recently.
Everyone’s talking about the Bitcoin blockchain – a global, distributed ledger of transactions for the Bitcoin digital currency – allowing for peer-to-peer payments over the Internet.
Over the past few years, industry experts have predicted the end of physical branches and that customers would progressively move away from cash transactions. However, in an article that was published in 2012, McKinsley & Co. showed that the share of cash in all American retail payments was still nearly one-third. This has forced financial institutions to re-think their models to better predict the amount of cash they’ll need to accommodate their account holders.
There's little doubt that the election of Donald Trump and the unified Republican control of Congress means something for banks and their customers. It's just hard to know what that something is.
Trump's most concrete policy proposal on banking echoed those espoused by many Republicans over the past few years - repeal Dodd-Frank.
