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Biting bitcoin

How banks are co-opting bitcoin’s technology to secure their industry

How banks are co-opting Bitcoin technology to secure their industry

The first line of bitcoin’s founding manifesto states its goal: to create an online cash system that facilitates transactions “without having to go through financial institutions.” But recently, financial institutions have been investing in blockchain technology, which is the peer-to-peer accounting system bitcoin uses to circumvent banks. So will banks end up even stronger than they were before bitcoin came along?

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