Moody’s: Threat of Blockchain and Cryptocurrencies Is Distant but Inevitable

A report titled “Consumer Digital Payments — US,” which was released on October 11 by Moody’s analyst Stephen Sohn and team, reassures the payments sector that blockchain technology is a distant threat.

Moody’s thinks that blockchain technology is a disruptor and poses a potential long-term competitive threat to the payments sector. The group highlights a number of “tech-enabled entrants” that are transforming the electronic payments landscape in the U.S. […]

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