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Banco Santander, Bank of New York Mellon Corp, Barclays PLC, Blockchain, Contracts, Credit Suisse Group AG, Daily news, Deutsche Bank, digital cash, E-Money, FinTech, Fnality, HSBC, Processing & Systems, Products, Remittance, State Street Corp, UBS, Utility settlement coin -

Fnality: global banks invest $50 million in digital cash settlement project

Recent reports have announced that several large global banks are in the process of investing around $50 million to create Fnality, a digital cash system using blockchain technology to settle... more

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Bitcoin, Blockchain, Daily News, Digital Currency, E-Money, financial transactions, Issuing & Acquiring, Remittance, Utility settlement coin -

Six global banks join to create Utility settlement coin a blockchain based digital currency

In competition with R3 and Swifts blockchain initiative, six of the world’s biggest banks have joined a project to create a new form of digital currency that they hope to launch next year for clearing and settling financial transactions over blockchain. Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have [...]

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