Global Banks Partner to Form Blockchain Payments Network

Global Banks Partner to Form Blockchain Payments Network

Bank of America, Santander and the Royal Bank of Canada have today announced they’ve joined forces to create a global blockchain payments network using Ripple’s distributed ledger technology. UniCredit, Standard Charted and the Westpac Banking Corporation have also joined the effort, which seeks to form the foundation of a global network that performs a similar service as SWIFT inter-bank messaging but with near-instant settlement times. Canadian bank CIBC is also participating. Fundamental to the Global Payments Steering Group’s early mission is the creation and maintenance of a payments....


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Quotes

I love how new technology makes our lives easier, and to me that’s exciting. Bitcoin unites my fans around the world using one currency. They can just pay using Bitcoins!

Melanie Brown, Musician, former member of Spice Girls