A very detailed 31-page report has been released by UBS detailing the banks’ opportunity to implement Bitcoin into their system to make use of its technology, which was previously considered a bank-killer.
A firm that specializes in global finance services, UBS evaluated Bitcoin as not being a threat in such scenarios where they continue to work as alternative currencies. However, if banks were to embrace cryptocurrencies as part of their financial systems, they may be able to reap substantial benefits.
