A group of the largest banks in the world is working on a global standard for Bitcoin’s blockchain ledger technology, a secure funds-transfer system that advocates and industry watchers have likened to “email for money.”
At first glance it seems that bank-backed blockchain payment systems like the ones being developed by R3 of New York are redundant to the Bitcoin network. But such commercial systems—built with government and industry regulatory requirements in mind—may hasten changes in the payments industry that benefit cross-border merchants and global consumers.
http://www.paymentssource.com/news/paythink/for-cross-border-payments-blockchain-is-like-email-for-money-3024465-1.html
