Rather than shunning potentially disruptive digital currencies, the biggest names in the financial industry are looking at integrating the technology behind bitcoin into everyday use.
Bitcoin is a virtual currency that allows users to exchange online credits for goods and services. However, many see the real worth of the cryptocurrency being the technology behind the coin. Called the blockchain -- this is a public and transparent ledger of all bitcoin transactions.
On Tuesday, 13 of the world's leading banks joined a project to explore the possibilities behind using this type of distributed ledger in the mainstream financial world. Institutions like Bank of America, Citi and Deutsche Bank have joined others like Goldman Sachs and J.P. Morgan which had already signed up.