[2016-08-24]Four Big Banks to Create a New Bitcoin Alternative

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‘Digital Cash’ Needed
The plan for the originally-titled “utility settlement coin” comes from UBS, Deutsche Bank, Santander, and BNY Mellon. Broker ICAP is also joining them with the aim of convincing central banks to use the new currency starting in 2018.
All four are members of the 50-strong R3 consortium of financial institutions exploring ways to implement distributed ledger technology

https://news.bitcoin.com/four-banks-create-new-digital-currency/