Major Financial Institutions Join UBS’ “Utility Settlement Coin”

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Major Financial Institutions Join UBS’ “Utility Settlement Coin”

Postby kreslik.news » Tue Aug 23, 2016 10:53 am


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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