03 September 2015

Santander commissions study on bitcoin's impact on banks

26 August 2014  |  8861 views  |  1 Bitcoin

The bitcoin-curious - both enthusiasts and sceptics - are being invited to help put together a report for Santander on the impact that cryptocurrencies will have on banks.

Santander has given a $5000 budget to Yegii - a self-described "insight network" set up by Trond Undheim, a senior lecturer at MIT Sloan School of Management - to write the report.

In turn, Yegii is asking people to put themselves forward as members of its "dream team" comprised of a bitcoin expert, a management expert, a project manager, a data scientist/engineer, a banker, an academic, and a student.

Anyone interested needs to register and set out how they would approach the question of the impact of bitcoin on banks by tomorrow, 27 August.

Undheim told digital currency news site HashReport that the study was initiated by Santander's head of corporate development, Julio Faura, who was looking for an "outside perspective" on bitcoin.

Comments: (1)

Mayank Sharma - Tech Mahindra - Australia | 29 August, 2014, 05:58

Good initiative given the pros and cons being debated on bitcoin. I particularly likes the way to get the study done via Yegii.

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