Why Cryptocurrency Has Become A Bigger Threat To Investment Banks Than Brexit

The effect of Brexit at the British financial system has emerge as a first-rate subject matter of communication in latest weeks, however one which we can`t have the funds for to ignore: the effect of cryptocurrencies on funding banks.

The cryptocurrency area has been rather quiet during the last few months, however it`s no mystery that cryptos have emerge as a larger danger to standard finance than Brexit.

Cryptocurrencies were gaining momentum in latest years and feature won greater mainstream attention. In May 2017 alone, there have been over 1 billion transactions made the usage of Bitcoin and different famous altcoins.

This fast boom is the end result of numerous factors: elevated call for from investors, elevated adoption through mainstream groups, and a developing quantity of marketers constructing groups round cryptocurrencies and blockchain technology.