Latest move by UBS may propel blockchain into mainstream finance!
Swiss banking giant UBS is working on a project which has the potential to put the limelight on the blockchain technology. As per a news report, the project is being termed as the "utility settlement coin." For the said project, which is still in the nascent stages, the banking major also aspires to build an alliance around it. At present, the work on the coin is being undertaken at a Bitcoin lab in London, and the idea is to use this coin for transactions. What makes the fate of other cryptocurrencies, such as the Bitcoin, also bright is that the technology behind the UBS' coin will be....
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