Euro Bankers See Bitcoin Benefits

EURO BANKING ASSOCIATION (EBA) REPORTS ON BITCOIN BENEFITS

If you are building a car, and you either want the car to be faster or more efficient than ever before, you can do one of two things to it. You can increase the power of the car to make it faster (or lower the power rating to make it more efficient.) Or you can reduce the weight of the car, which usually helps both speed and efficiency. This cause-and-effect approach works throughout many operating systems. People, or athletes, can also be tweaked in this fashion to become faster, or more efficient, or both. Banks can also be trained to be better in this fashion, and organizations like the Euro Banking Association (EBA) see Bitcoin’s block chain technology as something that can streamline the banking industry. If the bank is the athlete in need of the latest advanced training methods, Bitcoin’s block chain technology could be the new trainer they’re looking for.