Tag: Utility Settlement Coin

4 Reasons why Utility Settlement Coins are no Threat to Bitcoin

Banks have begun showing an increasing interest in alternative solutions for overseas transfers. A new trial by over a dozen banks will explore the concept of USCs, or utility settlement coins. While this sounds somewhat innovative, one has to wonder how things will play out exactly. So far, it seems unlikely this new method will create any competition for Bitcoin and other cryptocurrencies. Different From Current Systems? Although the banks …
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