NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Yet Another Bitcoin Impact Assessment Report by Santander

Gautham
Gautham
4 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The number of reports discussing Bitcoin’s impact on mainstream banking and financial sector is overwhelming. Adding to the list is yet another report focused on Brazil, published by Banco Santander.

The report titled “Brazil: Banks and Financial Services – To Bitcoin or Not to Bitcoin?”  is a result of last month’s meeting with Banco Santander, Mercado Bitcoin — the leading Latin American Bitcoin exchange and local investors. The meeting revolved around the potential long-term impact of Bitcoin on businesses dependent on the conventional financial system.

The Santander report lists Bitcoin and blockchain technology’s impact on 5 major segments. These segments include Acquirers and issuer banks, Card brands, Card suppliers, Cryptocurrency exchanges and Brazilian banks. It states that the banking and payments industry as a whole will have a mixed impact, depending on the focus verticals of the businesses.

Findings of Santander’s Report

Payment acquirers and issuers are expected to be the worst affected by Bitcoin adoption as their business models are solely based on Merchant Discount Rates (MDR) and POS revenues. Increased acceptance of Bitcoin will effectively make these companies redundant as transactions will be executed over a decentralized ledger instead of being channeled through their network.

However, major card brands will find Bitcoin and blockchain technology helpful when it comes to cost reduction. With the adoption of blockchain technology, they are expected to witness a drop in costs associated with transactions, IT infrastructure, and back office operations. There are already instances of Bitcoin companies issuing MasterCard and Visa powered Bitcoin debit cards. Irrespective of the funding method, whenever a user swipes his/her card at a POS or shops online, the card network stands to gain any associated transaction fees.

Third party card issuers and payment solutions providers may find themselves at a slight disadvantage following Bitcoin adoption. Wallet-to-wallet Bitcoin transactions will eliminate the absolute need for POS terminals and even reduce the demand for credit and debit cards. However, the impact will be limited, resulting in a fall in profits at the worst.

Santander believes that the impact of increased Bitcoin acceptance on Cryptocurrency exchanges to be minimal. Most exchanges charge negligible fees from its customers in comparison to fiat currency exchanges. They may register a slight increase in exchange volumes, resulting in a marginal increase in profits.

When it comes to conventional banks, they will definitely enjoy the benefits of blockchain technology as it significantly reduces regulatory and compliance costs (a fact reiterated by an earlier report published by Santander last year). However, these benefits may not mean much if Bitcoin acceptance increases. Banks will register a fall in revenues as cryptocurrency transactions don’t need them to act as intermediaries.

READ MORE –  Santander: Banks Can Save $20B Using Blockchain Technology

The latest report is a mix of good and bad news. A significant portion of the report will hold good only if Bitcoin gains increased mainstream acceptance. Bitcoin has not reached that point yet and it may take a good few years before it becomes a reality.

Download the complete report here

Ref: Santander Report | Image: Santander

 

Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Litecoin, Aptos, Polkadot, SUI, chainlink, Stellar

SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target

After recovering from the recent pullbacks, SUI is attempting to reclaim a crucial resistance, which could trigger a breakout from...

Rubmar Garcia 1 hour ago
Analyst Sees a Bitcoin Market Shift — Here’s What’s Happening

Analyst Sees a Bitcoin Market Shift — Here’s What’s Happening

The Bitcoin market now appears to be seeing a notable surge in its momentum, with the asset finally breaching the...

Samuel Edyme 2 hours ago
Bitcoin

Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report

Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally....

Keshav Verma 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

2025年Bitunix限時加密獎勵攻略:註冊、入金、交易三重紅利8月前一次領

Peter Chow 7 minutes ago
Paskutinės 3 dienos: BTC Bull Token sudegina 35 % bendro tiekimo – ar laukia 10 kartų augimas?

Paskutinės 3 dienos: BTC Bull Token sudegina 35 % bendro tiekimo – ar laukia 10 kartų augimas?

Tomas Jankūnas 15 minutes ago
XRP koers kan 78% stijgen na wedge breakout

XRP koers kan 78% stijgen na wedge breakout

Lars Diederiksen 1 hour ago

Premium Sponsors

Press Releases

  • Dự Đoán Giá Fartcoin: Meme Coin Tiềm Năng FARTCOIN...

    36 minutes ago
  • CertiK Validates FUNToken’s

    CertiK Validates FUNToken’s Smart Contract Strength With...

    40 minutes ago
  • Explore Potential Coins

    Peter Thiel của PayPal Hậu Thuẫn Ngân Hàng Crypto...

    54 minutes ago
  • Altcoin season uitgesteld? Bitcoin dominantie houdt kapitaal weg van XRP, SOL en ADA

    Những Altcoin Nên Mua Tháng 7 – USELESS, BROCCOLI...

    1 hour ago
  • Cloud Mining

    Free QFSCOIN Cloud Mining Regulated By US Law Launches BTC...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.