Some of the world’s leading banks are allegedly currently investing around $50 million to build a blockchain-powered digital cash system.
UBS News
UBS is the largest Swiss financial holding that provides various financial services all around the world. The first bank of the holding was founded in 1862 in Winterthur and the main office of UBS bank is currently headquartered in Zurich. UBS experts have different opinions about cryptocurrency and its growing popularity. Some of them think that investments in digital assets can be a good way not only to store money, but also to gain some profit from them, while others call Bitcoin another financial pyramid and warn their clients about using it. However, the corporation is considering using patents for blockchain validation for the UBS online services database, which will not only make maintaining the bank more secure, but also a number of its participants.
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UBS’ Paul Donovan repeats Bitcoin bashing from last year, claiming it will “never be a currency.”
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Bitcoin still has to grapple with volatility, scalability, and regulators before becoming a “legitimate asset class,” says Swiss bank UBS.
- Interview
Ajit Tripathi of ConsenSys tells Cointelegraph about the venture production studio’s goal to “unleash this entrepreneurial spirit” of the blockchain community.
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by Aaron Wood
UBS CEO Sergio Ermotti said that blockchain's positive effect on the financial industry's cost base will be crucial to staying competitive in the future.
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Chairman of Swiss bank UBS warns investors against cryptocurrencies and calls them at best ‘highly speculative investment vehicles’.
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UBS Chairman Axel Weber advises individual clients against trading in cryptocurrency, wants to deflect blame from banks if a major crash happens in crypto.
- Breaking
Ethereum surges to all-time high, topping $600 as UBS plans to use an Ethereum-based Blockchain to comply with EU data regulations.
- Expert Take
Using the example of Coinbase Robert Wood explained why cryptocurrency holders will not have any chance to stay in shadow.
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by Jon Buck
UBS joining the Blockchain revolution, per recent patent release.
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by Jon Buck
Blockchain technology will reshape the banking industry according to UBS head man.
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