Why Banks are Afraid of Bitcoin

Bitcoin heralds a new age more disruptive than that of today’s Internet. Disruption can be a good thing, especially when it affects banking, a failing set of business models which, for all the tweaks, have been virtually unchanged for millennia. Paradoxically, some banks are afraid of Bitcoin because it would force them to innovate.

From Why Banks Are Afraid of Bitcoin, Trond Undheim, Fortune

Read the full post at Fortune or see the MIT Sloan Experts video below.

If you like this, preorder Trond’s book Disruption Games here for more on technology, change, and innovation by learning from failure in corporations and startups.