Blockchain makes digital currency less relevant.
Bitcoin is the world’s most famous crypto-currency but, these days, you barely hear about it. Instead, the buzz has shifted to blockchain, the underlying technology for bitcoin, which banks are now using for day-to-day business. Meanwhile, newer and more versatile types of digital currency are overshadowing bitcoin.
This raises the question of whether bitcoin even has a long-term future. I recently spoke with Faisal Husain, the CEO of Synechron, which advises banks about blockchain, and asked him if he thought bitcoin and two other well-known crypto-currencies—Ripple and Ethereum—will still be around in five years.
His answer: two of the three currencies will survive, but he wouldn’t say which ones. You can weigh in yourself by taking our poll below, but I confess I don’t see an obvious candidate for failure—or success.
Ripple has the advantage of being both a currency and a transport protocol, and the company that bears its name has recently locked up a number of high profile partnerships with major banking institutions.
Read the full article written by Jeff John Roberts on Fortune.com