6 more major global banks working on "new settlement currency" which is to be block-chain based. With the speed and accuracy that international money wiring transactions are taking place via block chain technology its no wonder that the banks want in on it.
I mean compare 3-5 business day bank wire transfers over swift vs. a few seconds to max minute block-chain money transfer, then get rid of all the expensive middle men and its a no brainer...
These banks plan to have their "token" ready in 2018
Sources: RT 
What's the source of this info? Which 6 banks? Sources please. Following you now to keep up to date, this sounds interesting but a little too "crypto-centrc" meaning maybe the source is a crypto fan-boy trying to spread rumors. You use quotes which to me means someone "not you" is saying this. Not saying it's not true, thanks for sharing. Just want to know the source of this info.
Thanks!
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The source is https://www.rt.com/business/401693-banks-settlement-coin-blockchain/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
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Agreed.
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Great. Thanks for sharing. I'm starting to follow you.
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Thanks
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The big question is: will it lead to near a) zero fees b) zero lag worldwide payments being possible? If not, not much was gained.
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With banks involved there will never be "zero" fees. Transaction times especially with big money funding the miners with big pc computing power I think will get to milliseconds.
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This post received a 1.5% upvote from @randowhale thanks to @tzcap! For more information, click here!
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This post has received a 1.04 % upvote from @drotto thanks to: @tzcap.
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