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Tag: UBS
UBS CEO Believes Blockchain is The Solution to Banking Woes
Category: 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 up of resources to become more efficient will come through…
UBS to Launch “Utility Settlement Coin” in Collaboration with 10 Financial Institutions
Category: 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 “utility settlement coin” which is set to launch next year…
