Last week, Wells Fargo customers were last week left unable to access their accounts via ATMs, their computers or their smartphones for days. Though Wells Fargo, which is the fourth largest U.S. bank by assets, said the problem was largely resolved by Friday after beginning on Thursday, customers continued to complain of problems over the weekend. Bitcoin and cryptocurrency dedicated websites and blogs jumped on Wells Fargo's outage immediately, claiming bitcoin could never be brought down by such antiquated problems. Bitcoin and cryptocurrencies are, however, largely untested on a scale anywhere near the likes of Wells Fargo and Visa. Meanwhile, bitcoin and cryptocurrency businesses are dealing with their own unique set of challenges.

Source: Forbes February 14, 2019 02:03 UTC