You are viewing a single comment's thread from:RE: EU Banks To Open Their APIs To Third Party Providers, In Two DaysView the full contextgniksivart (67)in #crypto • 7 years ago So is this a good thing? If so why?
It's a sign of decentralization. Access to bank accounts is not privileged anymore and it can open paths to innovative payment ways. The downside is that if the implementation is buggy, there could be serious privacy issues.
That's what I was thinking. Seems like an easy way for hackers to slip through backdoors if not implemented correctly as you said.