Some weeks ago, City announced his intentions to start his own cryptocurrency, at the same time the UBS published certain information about the construction of a virtual currency system. After all this time we learned that four of the largest banks in the world, UBS, Deutsche Bank, Santander and BNY MELLON, have just reached an agreement to develop its own infrastructure of criptomonedas.
As he has been announced, with this measure, the architects of the same banks, expect that standardize the system in the banking sector and become the bet mainstream for all sectors of the market where bitcoin is an illusion. Undoubtedly a movement that responds to the need of the market having a digital currency that takes advantage of all the new payment market infrastructures as well as new trends in banking.
Four of the largest banks in the world are working on the creation of a new virtual currency.
With all this in mind, and as expected, there are many companies that are interested in being part of this agreement. One of them is ICAP, one of the most important electronic brokers in the market, who wants to join these four banks to harness so the force that these entities have in the market by convincing new entities to use the new currency from 2018.
According to the statements of Hyder Jaffrey, e -commerce / fintech commercial director of UBS:
A new type of digital money is needed in order to obtain the maximum benefit from these technologies, which will allow to reduce the time that added the current electronic systems, such as waiting in the reception of payments, and release the capital caught during the process.
One of the main obstacles facing this project in the difficult that it might be that the proposal will become a standard for different banks, only way to turn it into a universal service which can grow at the same pace at which grows banking electronic. On the other hand, the truth is that we we have the first and only currency at the moment, with the support of a group so influential in the banking sector.
