In September, 13 of the world’s leading banks joined a project to explore the possibilities behind using a type of distributed ledger in the mainstream financial world. Institutions like Bank of America, Citi and Deutsche Bank joined others like Goldman Sachs and J.P. Morgan which had already signed up. For many, it’s the ledger that shows the real promise while the cryptocurrency itself is seen by some as having more of a shelf life. Aside from financials, the public ledger has a host of other useful applications. Pantera Capital in the U.S. is investing in a firm that is using the technology to help detect counterfeiting in the luxury goods industry. Simon Derrick, chief currency strategist at BNY Mellon, told CNBC via email Tuesday that he suspects the interesting part to the bitcoin story will be the underlying technology and whether it facilitates the introduction of truly digital currencies.
Bitcoin to be major reserve currency by 2030: Research
More of Today's Solutions
Earth Prize 2026 part I: teenage teams tackling big global problems
BY THE OPTIMIST DAILY EDITORIAL TEAM Every year, The Earth Prize asks teenagers across the world the same question: what environmental problem would you ...
Read MoreEarth Prize 2026 part II: seaweed fabric, hornbill nests, and a healing bandage
BY THE OPTIMIST DAILY EDITORIAL TEAM This is part two of our Earth Prize 2026 coverage. Part one covered four regional winners from Ireland, ...
Read MoreHow the capital of Lithuania is turning itself into a vast open-air cafe
For many cities around the world, the need for social distancing has motivated cities to experiment with different urban planning schemes. Recently, we published ...
Read MoreThis power-free sewer treatment plant was inspired by cow stomachs
80 percent of the world’s sewage is dumped untreated into the natural environment. This is a huge health and environmental crisis, but traditional sewage ...
Read More
