Its easy to say that Like Mike McGovern, the new head of Investor Services Fintech Offerings at Brown Brothers Harriman & Co, one of the oldest America’s private banks, and any other executives at the top of the world of banking have caught an eye on the power and success of Blockchain-based financial models.
As Mike McGovern said:
“When looking at Bitcoin Blockchain versus Ethereum, there’s no doubt Ethereum is superior. It doesn’t cost as much to mine Ether tokens because it requires less electricity than Bitcoin. Ethereum is not only cheaper than Bitcoin, it is also more robust and has more applications outside of simply financial transactions such as represent virtual shares, assets, proof of membership, and more..”
Banks financial decisions that have started to invest in Ethereum over the past five years or other capital companies like MGT Capital that started mining Ethereum for profit have been supported and reflected by the comments of McGovern.
With its Core and Strong base that makes the crowd have its “faith” in Ethereum, it still keeps its popularity maintained as it is with its price staying on point with Bitcoin even though the volatility has increased over the past month or its price fluctuations.