The banks are planning to develop a new digital cash to serve as a standard for financial trades settlement.
The Enterprise Ethereum Alliance (EEA) announced the launch of a blockchain-neutral Token Taxonomy Initiative which includes, some prominent names as are Microsoft, IBM, and J.P. Morgan Chase.
Six of the world’s biggest banks teamed up to create a new digital currency ‘utility settlement coin’ for clearing and settling financial transactions.
The banks are planning to develop a new digital cash to serve as a standard for financial trades settlement.