←Back to feed
⛓️ Crypto🟢 BullishImportance 7/10
Barclays looks for tech provider for new blockchain settlement engine: Bloomberg
🤖AI Summary
Barclays is seeking a technology provider to build a new blockchain-based settlement engine, positioning itself to compete with JPMorgan and other major banks in adopting decentralized technology for banking services. This move represents another major traditional financial institution embracing blockchain infrastructure for core banking operations.
Key Takeaways
- →Barclays is actively seeking technology partners to develop a blockchain settlement engine.
- →The initiative puts Barclays in direct competition with JPMorgan and other banks already using blockchain technology.
- →This represents continued institutional adoption of decentralized technology in traditional banking services.
- →The settlement engine would likely improve transaction speed and reduce costs for banking operations.
- →Major UK bank adoption of blockchain infrastructure signals growing mainstream acceptance of the technology.
#barclays#blockchain#settlement#banking#institutional-adoption#jpmorgan#uk-bank#decentralized-tech#financial-services#crypto-infrastructure
Read Original →via CoinDesk
Act on this with AI
Stay ahead of the market.
Connect your wallet to an AI agent. It reads balances, proposes swaps and bridges across 15 chains — you keep full control of your keys.
Related Articles