Can Bitcoin Be the Saving Grace for Ailing Banks?

[cheezcarls]

Bitcoin began as the enemy of the banks, a new tool to bring traditional finance to a halt. However, as the cryptocurrency permeated the mainstream, it has become clear that the path for Bitcoin adoption is through financial regulation. But, does that mean that this decentralized digital asset can become the savior of the banks?

A bill in Germany, having successfully passed through the Bundestag, the German federal parliament, is suggesting that traditional banks should buy, hold, sell and trade cryptocurrency. This could be a big step in helping struggling banks resurrect themselves.

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It looks like the banks realized why they are left behind. They are starting to lose customers and trust because of their centralized ecosystem.

But the good thing is that not all banks think that Bitcoin and cryptocurrencies are their enemy (even the blockchain). Look at Philippines' Unionbank, they're riding the wave and have their own stablecoin and country's 1st ever crypto regulated ATM. Germany has recently have changed their hearts for banks to embrace cryptocurrencies and may regulate it.

I just hope that other banks would finally learn their lesson on this one.