RATE Group | It Takes COVID-19 or Bitcoin (BTC) to Make Banks Better: Tyler Winklevoss
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It Takes COVID-19 or Bitcoin (BTC) to Make Banks Better: Tyler Winklevoss

20 Apr It Takes COVID-19 or Bitcoin (BTC) to Make Banks Better: Tyler Winklevoss

Posted at 02:26h in Bitcoin News by

Contents

  • When banks change their tune 
  • Bitcoin’s inflection point

Tyler Winklevoss, the co-founder of the Gemini exchange, is relieved to know that his bank is finally going to strengthen its digital services. Ironically, the crypto mogul found out about this via a snail mail. 


In response to traditional financial institutions playing catch-up, Winklevoss quips that sometimes it takes a pandemic or Bitcoin to improve incumbents.




When banks change their tune 


Since taking power from centralized financial institutions is the core ethos of Bitcoin, no one would expect banks to welcome crypto with open hands. 


Back in 2017, JPMorgan Chase CEO…

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