Report: financial firms led by UBS invest $60M+ to form a company to develop blockchain-based tech for settling cross-border trades using a "bitcoin-like" token (Mix/The Next Web)

Mix / The Next Web:
Report: financial firms led by UBS invest $60M+ to form a company to develop blockchain-based tech for settling cross-border trades using a “bitcoin-like” token  —  THE BANKING INDUSTRY WANTS TO BLOCKCHAIN TOO  —  The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market.

from Techmeme http://bit.ly/2MpDX7p