KPMG: Bitcoin a Threat and Opportunity for Retail Banks

By January 19, 2015Bitcoin Business

‘Big four’ auditing firm KPMG has published a report identifying bitcoin as both a threat and an opportunity to the banking sector.

The report, titled  The Changing World of Money , outlines the factors threatening established retail banks, whilst discussing the potential of cryptocurrencies as viable payment solutions.

It states: "New challenger organisations, from banks to peer-to-peer lenders to PayPal and bitcoin are smaller, more agile and quicker to respond to changing trends." The document goes on to explain that these […]

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