Bryan Handlos, a partner in the Omaha office, recently authored an article, “Bitcoins & Banking: Bona Fide or Balderdash?,” featured in the May/June issue of Nebraska Banker, the official publication of the Nebraska Bankers Association.

The article explains why bankers may be interested in Bitcoin technology and how it is impacting the industry. With low transaction costs, emerging Bitcoin businesses and Bitcoin technology potential, some believe it has the potential to cut banks out of the payment process. On the contrary, the article also addresses the fact that Bitcoin may present business opportunities for banks. In any event, Bitcoin or a succeeding technology is likely to affect the future of payments.

Handlos concentrates his practice on bank regulatory and consumer financial services matters. He represents banks, nonbank financial services providers and commercial customers acquiring financial services products. His experience includes consumer compliance, retail banking, operations, treasury services and core bank regulatory topics.

To read the full article, please click on the linked file below. The article is reprinted with permission of Nebraska Banker magazine.