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Nine massive banks just teamed up to take the technology behind bitcoin mainstream
Nine of the world's biggest banks on Tuesday threw their weight behind blockchain, the technology that powers bitcoin. Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS have all formed a partnership to draw up industry standards and protocols for using the blockchain in banking. The partnership is being led by R3, a startup with offices in New York and London headed by David Rutter, the former CEO of ICAP Electronic Broking and a 32-year veteran of Wall Street. Rutter told Business Insider that the plan is to build the "fabric" of blockchain ... (full story)
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My comments are not to be taken as trading advice, not a financial advisor
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