Royal Bank of Scotland Ahead in Race to the Blockchain

Royal Bank of Scotland Ahead in Race to the Blockchain

The UK’s Royal Bank of Scotland has announced it could take a blockchain-inspired service “to market” in 2016. The move, which would focus on “the fringes of payments,” comes following the bank’s involvement in setting up blockchain focus group R3 consortium with other UK banks in September. RBS spokesman John Lyons commented further to Computer Weekly on the project and R3 setup: “Like most people, we’re in the ‘learn and explore’ phase with blockchain [...] Distributed ledger and blockchain requires a number of parties to be involved. Being involved in contributing to the development of....


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There are more people in the world who need a currency they can trust than there are people in the world who can trust their currency.

Wences Cesares (Xapo CEO)