While many of you weren’t paying attention #blockchain #technology just put the #banks on notice. In the near #future due to recent #developments #trends in fintech. It looks like #Bitcoin is on its way to #automating #automation the #banking #industry.
What does that mean? Bitcoin is like email. #Email made it so you no longer needed the #postoffice to send a letter. The post office was great if you wanted to get a #letter to someone within a 24hr period. Email is better because you don’t need the post office and it’s instant.
Bitcoin is #p2p (peer to peer) like email. Soon you will be able to transfer #money directly to anyone in a secure manner. You won’t need a bank.
The implications of that are astounding. I won’t go into that now but here’s an article about a recent meeting of #bankers. I hope they see their #retirement in the near future. I wonder what they are saying in these meetings. What do you think? Read the article below.
Yes! Let the banks fall! Things such as this (Banks Made Over $30 Billion from Overdraft Fees in 2016) are very wrong. That is basically saying banks took $30 Billion from people who couldn't afford it.
http://consumersunion.org/2017/03/banks-made-over-30-billion-from-overdraft-fees-in-2016/
Yes it’s a war on the poor. They could make it so the payment isn’t processed but they want to scam those with no savings.