Express

Reuters: Major Banks Will Invest $50 Million In Digital Cash Settlement

Liang CHE

Summary: According to Reuters, several of the world's largest banks are investing about $50 million to build digital cash systems using blockchain technology to solve problems in financial transactions. Previously, Reuters had disclosed a project called “Utilities Settlement Coin (USC)”, originally proposed by Swiss bank UBS and London technology startup Clearmatics in 2015. It aims to ...

According to Reuters, several of the world's largest banks are investing about $50 million to build digital cash systems using blockchain technology to solve problems in financial transactions. Previously, Reuters had disclosed a project called “Utilities Settlement Coin (USC)”, originally proposed by Swiss bank UBS and London technology startup Clearmatics in 2015. It aims to develop a system that makes clearing and settlement of financial markets more efficient.

Last Update:

Tags: ,
Link: Reuters: Major Banks Will Invest $50 Million In Digital Cash Settlement   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.