A Deutsche Bank report claims that despite its initial intention to be a decentralised peer - to - peer system , the Bitcoin ecosystem now includes " a number of financial intermediaries " . These intermediaries include currency exchanges and wallet hosting services . You're Reading a Free Preview Pages 6 to 11 are not shown in this preview. Additionally , the report questions the viability of payment in the event that it becomes much more widely available , saying " sceptics expect that distributed payment systems will not be able to compete with centralised transfer systems on cost , unless they concentrate investment in a few areas . "
A Deutsche Bank report claims that despite its initial intention to be a decentralised peer - to - peer system , the Bitcoin ecosystem now includes " a number of financial intermediaries " . These intermediaries include currency exchanges and wallet hosting services . Additionally , the report questions the viability of payment in the event that it becomes much more widely available , saying " sceptics expect that distributed payment systems will not be able to compete with centralised transfer systems on cost , unless they concentrate investment in a few areas . "