Banks transfer trillions of {dollars} day-after-day — but little or no of that runs on blockchain infrastructure. So what would really need to vary for a blockchain to be thought-about really “bank-ready”?
On this episode of the Wirex Podcast, host Lianna Adams sits down with Peter Bidewell, Head of Product at Rayls, to discover what banks actually imply after they discuss belief, reliability, and readiness.
From uptime and reversibility to privateness, regulation, and accountability, this dialog breaks down the real-world requirements blockchain should meet to function at institutional scale.
-
What “bank-ready” really means in plain language
-
Why banks nonetheless hesitate to make use of public blockchains
-
Whether or not infrastructure past the chain — custody, wallets, ensures — issues greater than the tech itself
-
How refunds or reversibility may work on-chain
-
What degree of uptime and resilience banks anticipate
-
Who takes duty when one thing goes unsuitable
-
The privateness requirements monetary establishments require
-
What banks would realistically use blockchain for first
If blockchain needs to serve world finance, it has to ship reliability, accountability, and belief — at scale.
