Why would we write about a boring report by a bank in The Optimist Daily? Because the report is on bitcoins and the bank is Goldman Sachs, an important pillar of modern finance. “Bitcoin and cryptocurrencies are part of a technology ‘megatrend’ that could change the fundamental mechanics of transactions”, says the report. “Bitcoin, along with improved payment security, ‘big data’ analytics and faster payment networks are the components of a technology trend that will disrupt the payments ecosystem.”
Goldman Sachs may still use careful words. After the disruption caused by house-sharing- and car-sharing-initiatives to the hotel- and taxi-industries, the world of finance is the next candidate for a fundamental transformation driven by the internet. Look at the many bank buildings around you in the big city centers, they won’t be there much longer. And the money will flow more freely.
Bitcoins: Goldman Sachs sees the writing on the wall
More of Today's Solutions
White-tailed eagles return to southern England after 240-year hiatus
For centuries, there's been an eagle-shaped hole in the skies over England where the majestic white-tailed eagle once soared. The enormous raptor — its ...
Read MoreStudy: Drinking the right amount of caffeine may lower diabetes risks
While too much caffeine from coffee may cause unpleasant side effects such as anxiety or insomnia, that doesn’t mean you should cut your caffeine ...
Read MoreTransforming migrant rhetoric is key in preventing genocides
The recent outbreak of war in Ukraine has forced many refugees to seek safety in countries throughout Europe. They are one part of a ...
Read MoreThese microbes could help honey bees thrive
As we like to remind our readers a lot at The Optimist Daily, honeybees are essential for our planet's ecosystem. Humans rely on these ...
Read More
