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Wednesday, August 12, 2015

5 Reasons why the “internet of money” will crush centralized finance

The post 5 Reasons why the “internet of money” will crush centralized finance appeared first on 99 Bitcoins.

The idea of a fully decentralized financial system still sounds like a utopia. Or maybe not anymore, according to Spain’s second largest bank, BBVA. The institution seems to be ready to embrace financial disruption and believes that “the current system where financial institutions record individuals’ accounts in a centralized fashion and the banks’ reserves are stored by [...]