Swiss Banking Industry To Be Hurt The Most By Blockchain, Says New Moody’s Report By Cointelegraph


Swiss Banking Industry To Be Hurt The Most By Blockchain, Says New Moody’s Report

Credit rating giant Moody’s Investor Service said in a recent report that Blockchain technology for cross-border transactions could potentially hurt banks in Switzerland more than in any other country, CNBC reported yesterday, April 16.

As half of the Swiss banking sector revenue is from fees and commissions, Switzerland is more at risk of losing money as Blockchain tech makes cross-border transactions cheaper and faster, according to the Moody’s report:

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