World’s Biggest Banks Look To Create A New Digital Coin

The Bank of England has been working with a number of FinTech companies exploring possible uses for Blockchain technology, as it looks at possible solutions to upgrade the Clearing House Automated Payment System(CHAPS) platform. CHAP processes £500 billion a day as it transfers money between banks in the UK. It was first introduced in 1984 but, at a cost of £35 per transaction, cheaper, faster and more efficient alternatives are being researched.

#DigitalAssets#Tokens #ChairmanGemini #Fintech #Blockchain #Assetmanager #Speaker #DigitalBytes #Economics @Teamblockchain Twitter:@jonnyfry175

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