Over the summer four of the world's biggest banks decided they wanted to harness a technology that was developed to go around not just themselves but also the central banks that control the money supply. Bitcoin distributed the business of creating money around the internet, using computer algorithms to ensure that payments make their way securely from buyer to seller. UBS and its partners aim to use similar technology to the blockchain routines that underpin Bitcoin to speed up the settlement systems used to trade stocks and other financial instruments.
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