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Utility Settlement Coin Aims to Set Industry Standard for Central Banking Digital Cash

A Group Of Major Banks; Ubs, Deutsche Bank, Santander And Bny Mellon, As Well As The Broker Icap, Have Teamed Up To Develop A New Form Of Digital Cash That Will Help To Set An Industry Standard To Clear And Settle Financial Trades Over A Distributed Ledger. In September 2015, Bitcoin Magazine Reported That Ubs Was Working On A Prototype Virtual Currency To Be Used By Banks And Financial Institutions As A Basis To Settle Mainstream Financial Markets Transactions. Ubs, A Swiss Global Financial ...

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