[2016-08-24] Major Banks to Mint Their Own Virtual Currency

[btc_manager]

It was only a matter of time until the financial sector started creating their own virtual currency. Four of the world’s largest banks are creating their own utility settlement coin, which will run on distributed ledger technology. This project is backed by UBS, BNY Mellon, Deutsche Bank, and Santander. A commercial launch of this new virtual currency is tentatively scheduled for early 2018...

Read more here:

https://btcmanager.com/news/finance/maj ... -currency/





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[iFixBTCmemoryIssues]

It was only a matter of time until the financial sector started creating their own virtual currency. Four of the world’s largest banks are creating their own utility settlement coin, which will run on distributed ledger technology. This project is backed by UBS, BNY Mellon, Deutsche Bank, and Santander. A commercial launch of this new virtual currency is tentatively scheduled for early 2018...

Read more here:

https://btcmanager.com/news/finance/maj ... -currency/





Follow BTCMANAGER for the Latest on Fintech, Blockchain and Bitcoin!

Indeed, they don't want Bitcoin - they want their own Bitcoin.