Bt-engineered chips are already making a dent in the world of financial services, but they are only one part of the story.
While the technology may be used in some banks, it has so far largely gone unused, in part because banks and regulators are wary of its potential impact on privacy.
A study last year by the nonprofit watchdog Open Society Foundations and the University of California at Berkeley found that the use of Bt chips in the financial services industry was growing rapidly and that many institutions, including those in Europe and the United States, had been slow to adopt the technology.
Bt is the name for a gene that is naturally present in certain plants, including wheat, barley and corn, and is used to protect seeds against pests.
In the U.S., the technology is also used to control weeds in agricultural fields.
The research found that, over the past year, the use and growth of Bts had more than doubled in the U, Britain, Canada, Australia and New Zealand.
In Europe, the researchers found that there was an increase in Bts usage by institutions of all sizes, from regional banks to large banks, including in London and Frankfurt, and in the Netherlands.
At the same time, in the United Kingdom, the research found an increasing number of institutions reporting that they were using Bt chip chips, including Barclays and the City of London.
There has been a “growing and worrying” concern that Bt could be used to create a backdoor into digital banking systems, the report said.
But Bt has been controversial in Europe, where governments have long sought to block the introduction of new technology that might allow companies to track and control users.
“Many people are worried that the chip is being used for spying and the BTS chip is not being used in a way that is safe or beneficial,” said Peter Smith, a professor at the University Of Sussex and the lead author of the Open Society report.
BTS is already used in the banking industry, but the report also found that some of the biggest banks are still using it to build new technologies.
Banks are developing technologies to make it easier for customers to use online banking, but regulators have not approved these.
It is unclear how much Bt technology is being deployed in the industry, and it is unclear when it will be phased out.
Despite the risks, Smith said that he was “encouraged” by the number of banks using Bts chips, particularly in Europe.
He said that it is not a “bad thing” to have chips, but it should not be used for backdooring.
“I am hoping that people will learn from this experience and work together to find solutions that are both safe and efficient,” Smith said.
“We should not just throw our hands up in the air and hope that BTS chips will work as well as other technologies that are more readily available.”