Major banks pledge $50m to develop digital cash settlement system
The names of the banks have not been disclosed.
Clearmatics
Clearmatics raises $12m to build new financial market infrastructure
Building P2P networks for trade finance.
Famous five unsettle Bitcoin with utility settlement coin
BNY Mellon, Deutsche Bank, ICAP and Santander have joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan tests in a real-market environment. USC is a digital cash model for payments and settlement. It will run on blockchain and be another rival to Bitcoin. The group plan to build on the […]
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