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Bitcoin technology may transform banking sector

Monday, December 21, 2015 - 05:50

Bitcoin's blockchain technology may lower the cost for cash transfers by companies such as Western Union and MoneyGram.

New York

THE technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionise the sector.

Although bitcoin and related virtual currencies are limited to a small set of transactions and are

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