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last updated on: 20/05/18 06:40PM
   Bitcoin Could Replace Banks [07/03/18 09:57AM]   
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Benjamin Netanyahu, Israel's Prime Minister, on December 12, openly commented on a YouTube video on the future of banking. According to him, he believes that blockchain technology would overthrow banks by replacing traditional banking due to the growth in bitcoin's price experienced this year. The head of state also spoke his thought on how a bank is more of a middleman, protecting their customers by offsetting risks and preventing theft. He also talked about blockchain being a decentralized alternative to the current centralized banking system, performing everything a bank can do, but without the need for an inefficient central institution that takes a transaction cut every time. The truth behind what I just said is what's propelling bitcoin upwards” said the Prime Minister.




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