Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: Industry News

Bitcoin: Changing How Banks Do Business

Thursday, March 12, 2015   (0 Comments)
Posted by: Mike Rose

In a recent article, Sander Duivestein, professional speaker and trendwatcher at VINT, looked at the growth of bitcoin and how banks might be changing their views on the digital currency.

Duivestein noted that bitcoin startups raised $347.29 million in 2014—up from just $2.13 million two years earlier. And through February of this year, $105.84 million has already been invested.

This could be a "Napster moment" for banks, Duivestein said, comparing the rise of bitcoin to the rise of the music downloading platform that challenged the traditional entertainment industry.

Duivestein noted that while financial leaders were initially dismissive of bitcoin, they are now beginning to take notice, calling the phenomenon "Digital Darwinism"—meaning banks must either adapt to the new technology or lose relevancy. 

Click here to read the entire article.

Click here to see more NAPCP resources related to bitcoin.

Source: The Next Web


Sign In
Sign In securely
Featured Items
Event Calendar

8/1/2017
An Interactive Look Into the Certified Purchasing Card Professional Credential

8/23/2017
NAPCP Website Tour

9/20/2017 » 9/21/2017
2017 NAPCP Canadian Commercial Card and Payment Conference - Toronto

1/31/2018
An Interactive Look Into the Certified Purchasing Card Professional Credential

Copyright © 1999 - 2017 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is August 31, 2017
 
for Oct. testing & June 31, 2017 for TD Bank Scholarship.
Complimentary resource for all website visitors.
Order your copy today!
NAPCP members, $159; non-members, $209