Major Financial Institutions Join UBS’ “Utility Settlement Coin”
Posted: 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)