Nine of the World’s Biggest Banks Will Combine Funding for Digital Currency Standards by R3 – Bitcoints

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Published on September 16th, 2015 | by bitcoin

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Nine of the World’s Biggest Banks Will Combine Funding for Digital Currency Standards by R3

Nine of the World’s Biggest Banks Will Combine Funding for Digital Currency Standards by R3The funds are expected to go to a forthcoming Series A capital raising for R3.
Richard Brown, a technology expert formerly with IBM UK, and Tim Swanson, a U.S.-based cryptocurrencies consultant, have also joined R3.
“This partnership signals a significant commitment by the banks to collaboratively evaluate and apply this emerging technology to the global financial system,” said Rutter.
R3 focuses on applications of cryptographic technology and distributed ledger-based protocols within global financial markets.
“R3 has the people and approach to drive this effort and increase the likelihood of successfully advancing the new technology in the financial industry.”

Source: Bitcoinmagazine.com

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