Banks love Blockchain but hate Cryptocurrencies

The love-hate relationship between the banks the digital coins has been ongoing ever since the inception of Blockchain & the associated Cryptocurrencies. Let’s look at some stats first… according to the Research firm Greenwich Associates following facts were reported: The Financial services industry is spending $1.7 billion annually on Blockchain based distributed ledger technology Budget spending on Blockchain has shown an increase of 67% in the last year alone One in 10 firms have reported spending in excess of $10 million on Blockchain budgets Number of employees working on Blockchain projected doubled And all this is happening for good many reasons since…...