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Visa steps up its game in the blockchain technology space, inviting banks to join its European innovation hub in testing a cross-border settlement platform with BLT Group.
Deutsche Bank, Banco Santander, and Bank of New York Mellon are teaming with broker ICAP, technology company Clearmatics, and UBS Investment Bank to create a "utility settlement coin."
The technology could mean banks would not necessarily have to move to the EU.