In this featured article, our Director of Product Marketing, Steve Gilde, asserts that while the hype surrounding bitcoin and blockchain technologies has no end in sight, it's imperative for FSPs to focus on determining which technologies will be truly influential.
Over the past couple of years, blockchain technology, bitcoin and other cryptocurrencies have dominated conversations throughout the financial services industry.
Although adoption has been slow, as most financial service companies are hesitant to invest time and resources into such an unfamiliar territory, these emerging technologies continue to attract attention. In fact, key players in the industry are even starting to plan for how these technologies might fit into their future strategies.
But are blockchain and bitcoin here to stay, or are they just a passing fad? Do these technologies really have the potential to transform the financial services industry, as some are claiming?