‘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 […]
