New Malta Bankers Association Chairman Praises Blockchain, Says Crypto ‘Here to Stay’
Cointelegraph
Published Jun 19, 2018 06:41AM ET
Updated Jun 19, 2018 08:01AM ET
New Malta Bankers Association Chairman Praises Blockchain, Says Crypto ‘Here to Stay’
Marcel Cassar, the newly appointed chairperson of the Malta Bankers Association, said that blockchain tech sounds like a “banker’s dream.” Cassar also claimed that cryptocurrencies are “here to stay,” according to a June 17 interview with local news outlet The Malta Independent.
Cassar begins the interview by noting that the banking industry has to keep up with the fast-changing digital world, making the comparison of the present environment to “rush-hour gridlock trapping a Formula 1 car.” This slowdown, in his opinion, means that although blockchain sounds like a “banker’s dream” and a “total game-changer,” due to its authentic and reliable transaction records, it won’t be able to implemented widely right away:
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