Post Tagged with: "bankcoin"

‘Bankcoin’ Is Not Currency, It Is a Digital Vehicle to Move Money

‘Bankcoin’ Is Not Currency, It Is a Digital Vehicle to Move Money

by August 26, 2016 at 11:35 am 4 comments

It was announced this week that four of the world’s banks—Santander, UBS, BNY Mellon, and Deustche Bank—are collaborating, along with brokerage firm ICAP, in order to produce what they’re calling a “utility settlement coin,” or USC, run on blockchain technology, originally the rails beneath bitcoin and now the talk of the financial, corporate,Read More