US Credit Unions’ CULedger to Do ‘What R3 Does For Banks’
August saw the first meeting of US credit unions looking to pioneer so-called distributed ledger technology (DLT) in CULedger, a “dedicated” version of the banks’ R3 Consortium. CULedger ‘Does What R3 Is Doing for Banks’. CULedger, which seeks to mimic R3 in order to allow organizations to benefit from blockchain technology, is currently fundraising....
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Credit is needed to leverage trust, whereas bitcoin is a tool for trustlessness. Both credit and bitcoin will coexist during hyperbitcoinization.
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Despite being the fifth largest economy in the world, the United Kingdom has a relatively small BTC/GBP trading volume ratio. Banks refusal to deal with Bitcoin companies is at the heart of the problem. BTC/GBP trading pair. At first glance, the BTC/GBP trading pair would seem to be doing very well - it’s the sixth largest trading pair, accounting for 0.21% of Bitcoin’s total trading volume, 2,636.83 BTC or US$1,178,280.73, surpassed only by the BTC/CNY, JPY, USD, EUR, and RUB trading pairs. However, given that, according to a report by CoinDesk, 32.99% of Bitcoin users are based in....