# UBS News

UBS Group CEO believes blockchain is key to boosting efficiency

UBS CEO Believes Blockchain is The Solution to Banking Woes

June 23, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Blockchain, Business, Commentary, News, Tech

Sergio Ermotti, the Chief Executive Officer of Swiss investment bank UBS, believes that blockchain may be the answer to the banking industry’s woes. UBS Chief Discusses Blockchain When asked about blockchain technology in an interview with Finder on June 19, 2018, Emotti replied affirmatively. “It's almost a must. The freeing...

Government Building with A coin with 3 old time looking keys.

UBS to Launch “Utility Settlement Coin” in Collaboration with 10 Financial Institutions

September 3, 2017 by Alex Lielacher at Blockchain, Finance, News, Tech

While banks have been largely opposed to the digital currency bitcoin due to its decentralized peer-to-peer nature that threatens banks’ business models, they are not shying away from using bitcoin's underlying technology, the blockchain, to develop their payment systems. An example of this would be UBS’ new digital currency, the...