This is reported by Businessinsider.
Called the Utility Settlement Coin (USC) "coin for the calculation of utility services," the project is designed to help prepare the way for the central bank's cryptic currencies, making it easier for global banks to conduct a variety of transactions with each other using secured assets.
The work on the next stage of the project - the last one before realization in real time - will consist of six participants represented today, Barclays, CIBC, Credit Suisse, HSBC, MUFG and State Street, working alongside financial institutions UBS, BNY Mellon, Deutsche Bank, Santander , NEX and Clearmatics.
As previously reported, URA-Inform, the world's crypto currency market has reached 160 billion. The last increase in the rate of the Crypto-currency (ether and bitcoin) in circulation, increased their total value to a record 160 billion. Dollars.