Their involvement I agree is questionable. I think the role of banks should be identity services. We do need a way for people to have a private pseudo-anonymous identity which they can prove belongs to a unique human individual. This is necessary for something like the BAT token to work for instance. Banks are pretty good at verifying identity and I can see them having a role at that, but it really depends on their intentions and I see it as a case by case situation to determine if their services are a positive or negative influence.
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I contributed to the humaniq ICO which is ultimately an android identifying a human. If this software exists then why do we need large institutions involved? Food for thought.
We will have to see if that method is equivalent in effectiveness to traditional methods. It could prove to be a successful experiment and if it works then maybe we will not have to rely on the banks for that.
What do you think of this ICO?
hmm interesting.
why do they need a token? It's a card!