September 21, 2020

The Central Bank believes that Chinese banks should immediately accept the blockchain

The Central Bank believes that Chinese banks should immediately accept the blockchain

Shortly after the president’s speech on the blockchain, another senior official from the People’s Bank of China openly supported the implementation of decentralized distributed ledgers in banking and financial institutions.

Li Wei, head of science and technologyDepartment of the People’s Bank of China, said on Monday that commercial banks need to integrate blockchain technology into their daily operations. He also believes that innovative technology can help commercial banks reduce the risks of fraud, while helping small and medium-sized enterprises secure their loans.

Wei's statement, in fact, echoes the speech of President Xi Jinping, and also emphasizes that blockchain can solve many current problems of the banking sector.

It is worth noting that after the speech of the Presidentthe number of requests regarding blockchain and bitcoins on the WeChat network has grown rapidly from 777 thousand to 9.6 million (blockchain) and from 572 thousand to 1.3 million (bitcoin).

In addition, most altcoins of Chinese origin began to rise in price. Recently, the TRX asset again fell into the top 10 ranking of CoinMarketCap cryptocurrencies with the largest market capitalization.

According to the materials beincrypto.com