As global banks are increasingly experimenting with the blockchain to search for possible use-cases that they can implement in its existing banking systems, CoinTelegraph has compiled a list of some of the most notable banking giants experimenting with Bitcoin’s underlying technology.
With more than $800m so far invested in bitcoin and blockchain technology startups since 2012, it's safe to say that venture capitalists are certainly captivated.
Investments in the industry have already exceeded the cumulative total for 2014, with more than $380m pledged to startups in publicly announced funding rounds this year.
While an impressive figure on its own, what that number doesn't successfully convey is how many seed to late-stage firms are making bets on the new wave of innovators aiming to take bitcoin and blockchain technology forward.
To Marc Andreessen’s famous statement, “software is eating the world,” Richard Branson, founder of the Virgin Group, added “and financial services are no exception”. The speed of technology and market changes are forcing financial services to adapt faster and more efficiently than ever before.
Matthias Kroener, CEO of Fidor Bank addresses the growing need for banks to rebuild trust following recent scandals and bailouts, and to take advantage of technology to support the new digital lifestyle of their customers.