we expect to see more of this. Not known to many, but with Adyen, Global Collect and the Big Banks Netherlands has a history in payment innovation!
The three largest banks in the Netherlands—ABN Amro, ING and Rabobank—are investigating whether to use blockchain technology for their payments systems. Mark Buitenhek of ING told the Dutch media outlet RTL Nieuws that the current payment system has always operated through banks and central banks, which monitor all commands and ensure that operations run smoothly. This method has been the same for 30 years, stated Buitenhek. "We have spent the last twenty years operating on what we had put down in the seventies and eighties." The technology underlying Bitcoin could speed up the money transfer process, and the fact that network runs continuously may benefit financial institutions, which could also operate continuously, even during the nighttime and on weekends.