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    Author Topic: Bittorent Effect: How Bitcoin is Forcing Banks to Make Better Products  (Read 343 times)
    Scottoshi (OP)
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    May 31, 2016, 06:50:07 AM
     #1

    from: https://news.bitcoin.com/banks-cant-ignore-bittorrent-effect/

    Quote
    Bank of America, for example, has embraced mobile banking in recent years, offering its customers mobile banking in an app as well as digital check deposits (akin to scanning a QR-code for Bitcoin users). Then there’s Wells Fargo, which offers what they call “Text Banking” to “quickly receive account information by text message,” along with the ability to pay bills, transfer funds, and even get direction to the nearest ATM.

    If an alternative to banks was never invented. Would banks even have an incentive to innovate?
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