Banks transfer trillions of {dollars} each day — but little or no of that runs on blockchain infrastructure. So what would really want to vary for a blockchain to be thought of really “bank-ready”?
On this episode of the Wirex Podcast, host Lianna Adams sits down with Peter Bidewell, Head of Product at Rayls, to discover what banks actually imply once they speak about belief, reliability, and readiness.
From uptime and reversibility to privateness, regulation, and accountability, this dialog breaks down the real-world requirements blockchain should meet to function at institutional scale.
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What “bank-ready” really means in plain language
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Why banks nonetheless hesitate to make use of public blockchains
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Whether or not infrastructure past the chain — custody, wallets, ensures — issues greater than the tech itself
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How refunds or reversibility might work on-chain
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What stage of uptime and resilience banks anticipate
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Who takes duty when one thing goes improper
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The privateness requirements monetary establishments require
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What banks would realistically use blockchain for first
If blockchain desires to serve international finance, it has to ship reliability, accountability, and belief — at scale.
