Time again to make fun of the big banks like you made fun of that kid in school whose mom bought them corduroy pants. So, in the latest Bitcoin news the “Too Big To Fail” banks are trying to adopt Bitcoin anything to attract customers because they’ve gotten some bad PR in the past. Except they’re also “Too Big To Evolve” with new technology. The only thing corporate banks are good at creating is technological redundancies considering crypto-currencies are special because they are the only form of money specifically created for the internet. Companies that are focused on internet commerce can see a bright future with Bitcoin but the dinosaurs should probably take a seat on the bench and wait for the asteroid.
Guest Post By Alexandre Beaudry
A few months ago Goldman Sachs jumped into the Bitcoin market by investing in the Bitcoin startup Circle that is creating a dual currency wallet for users to seamlessly transition their Bitcoins into fiat currencies. This was a game changing move from a traditional bank but it has left other big players to fend for themselves as the bank industry adapts to crypto-currencies and new technology.
