Reply to post: Cutting out the middleman

Not Bitcoin, but close: Red Hat and Microsoft bite into blockchain tech

Anonymous Coward
Anonymous Coward

Cutting out the middleman

Banks and brokerages wouldn't be so interested in the tech if it would allow cutting out the middleman, since in many cases (credit cards, stock purchases) they are raking in countless billions by BEING the middleman.

What they want is to 1) reduce their costs so being the middleman becomes even more profitable than it is now and 2) to use technological means to further secure and entrench their position as middleman.

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