How big banks learned to stop worrying and love the blockchain

From its inception, banks have all but dismissed Bitcoin while embracing the technology that powers it — blockchain. Bitcoin is volatile, prone to theft and confusing for the average customer. The blockchain, however, is merely a digital ledger or transactions, a tool that could decrease costs significantly for major banks. Several of these big banks have now teamed up to create their own solution. Led by UBS, the group — Deutsche Bank, Santander, BNY Mellon and ICAP — teamed up to create ‘Utility Settlement Coin,’ (USC) which — if we’re honest — sounds a lot like the in-game currency for a…

This story continues at The Next Web