(CryptoGlobe) The CEOs of ING Group and BBVA both said today that they see blockchain revolutionizing the banking industry. Speaking at the Money 2020 fintech conference in Amsterdam, ING CEO Ralph Hamers said he sees the revolution happening in “five or six years”.

“So, if you look at blockchain… I think the banks are really working on this now because the potential is so huge and if the top five, six global banks would put their minds to it and agree on a standard, you could force (that) standard onto the globe… And I think that you can actually then get to a time frame of five or six years in which this will work.” – Ralph Hamers, CEO of ING Group

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