Swiss startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to build a bank offering cryptocurrency services to companies and investors while extending traditional banking services to firms in the new industry.
If blockchain-based technologies and cryptos are used on a large scale, particularly for processing transactions, the BIS (Bank for International Settlements) predicts it will overwhelm the current capacity of the net.
Don’t listen to the folks who say Bitcoin will never be a store of value. It’s actually right on track, following in the footsteps of every other significant store of value that’s come into the world. There’s no guarantee it will stay on that path, but if it does, the opportunities are significant.