Major Financial Institutions Join UBS’ “Utility Settlement Coin”
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Major Financial Institutions Join UBS’ “Utility Settlement Coin”
While hardcore Bitcoin promoters still believe the decentralized cryptocurrency will soon overtake the established financial system, it seems more and more that the heart of Bitcoin’s innovation – blockchain technology – will be claimed by Wall Street as its own for improving performance and replacing real cash.
For example, it is now known that UBS’ blockchain-based “Utility Settlement Coin” has won the backing of BNY Mellon, Deutsche Bank, ICAP and Santander, making it more likely to be a shared common protocol agreed upon and adopted by a major share of the banking industry.
[b][u]Join the industry leaders at ... ([url=http://www.financemagnates.com/cryptocurrency/news/major-financial-institutions-join-ubs-utility-settlement-coin/]read more)
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