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[–] BashCo [S] ago 

Takeaways:

  • Banks run on systems that were in some cases built decades ago and as a result are slow, costly and cumbersome. The blockchain — the program that lets people send bitcoin to each other and records those transactions — doesn't have these legacy issues.

  • [B]itcoin is faster, cheaper and more transparent than sending traditional currencies.

  • Belinky reeled off international money transfers, trade finance, syndicated lending and collateral management as some of the areas where blockchain technology could be applied.