UBS, BNY Mellon, Deutsche Bank, Santander, the market operator ICAP, and the startup Clearmatics formed an alliance in 2016 to explore the use of digital currency between financial institutions and central banks, using blockchain. The ultimate goal of the project is to create a digital currency known as Utility Settlement Coin (USC), which will facilitate payment and settlement for institutional financial markets.I decided that I had to know more about Utility Settlement Coin, and so I decided to go to the source.
USC is an asset-backed digital cash instrument implemented on distributed ledger technology for use within global institutional financial markets. USC is a series of cash assets, with a version for each of the major currencies (USD, EUR, GBP, CHF, etc.) and USC is convertible at parity with a bank deposit in the corresponding currency. USC is fully backed by cash assets held at a central bank. Spending a USC will be spending its paired real-world currency. UBS and Clearmatics launched the concept in September 2015 to validate the potential benefits of USC for capital efficiency, settlement and systemic risk reduction in global financial markets. The project was initially incubated as part of the UBS Crypto 2.0 Pathfinder Program, UBS's initiative for research and experimentation on blockchain.This could ultimately turn out to be a complete and total game-changer.
*UBS *BNY Mellon *Deutsche Bank *Santander,...are four of the biggest banks in the western world, and the fact that they are working on this project together is a sign that they are very serious about succeeding.
"Digital cash is a core component of a future financial market fabric based on blockchain technologies," said Hyder Jaffrey, Head of Strategic Investment & FinTech Innovation at UBS Investment Bank. "There are several digital cash models being explored across the Street. The Utility Settlement Coin is focused on facilitating a new model for digital central bank cash."Digital central bank cash?
These four charts suggest that Bitcoin will stabilize in the future. By Timothy B. Lee. February 3, 2014 at 1:41 PM EST. In recent weeks, something interesting has happened to the price of ... Bitcoin Charts. Blocks: 481823: Total BTC: 16.523M: Difficulty: 923233068449: Estimated: 887736944047 in 1 blks: Network total: 7983858.406 Thash/s: Blocks/hour: 7.25 / 497 s: Home; Bitcoin; Markets; Charts ; About. Sep 10, 2020 11:51:27 (UTC) Advertise on Bitcoincharts. Welcome! Bitcoincharts provides financial and technical data related to the Bitcoin network. Bitcoin News 20 Jun 2018 ... "Golden Cross" Now Showing On Bitcoin Charts! Last Seen Before Rally From $4800 to $9300... Silicon Valley Newsroom. February 18, ... In the case of Bitcoin, the golden cross last appeared in April of 2019, and set Bitcoin on a bull run lasting 2 months and ending with gains of 190%. So at least take this in to account along with whatever other factors you look at before deciding to buy or ... Bitcoin Group SE, formerly known as AE Innovative Capital SE, is a Germany-based investment company. The Company provides venture capital to companies with a focus on business concepts and ... Bitcoin prices in particular are extremely volatile: between December 2017 and 2018, its value fell by 80%, but has nearly tripled since. It is important to recognise that bitcoin is just one cryptocurrency, which is one application of blockchain, which is itself one example of distributed ledger technology (DLT).
[index]          
Steve Eisman, Neuberger Berman portfolio manager, looks at bank earnings and the next big short. With CNBC's Melissa Lee and the Fast Money traders, Tim Seym... way to download: https://1.envato.market/c/1303493/475676/4415?u=http%3A%2F%2Fvideohive.net%2Fitem%2Ffinance-hud%2F12611003 Full HD resolution 25 fps No plug... MARRY WITH ICELANDIC WOMAN & GET $5,000 PER MONTH? A number of websites in Africa and some other reporting that the Nordic country of Iceland is offering a r... YouTube’s mission is to give everyone a voice and show them the world. Learn about our brand, community, careers and more. video, sharing, camera phone, video phone, free, upload