Swiss banking giant UBS has announced that it will research the technology behind the peer-to-peer network Bitcoin in order to explore how blockchain can be used in mainstream financial services.
The research lab will open this month at Canary Wharf-based fintech accelerator space Level39, which is a hub for fintech startups in London. UBS’s first investment in the blockchain research will bring together technology experts from the bank and the financial technology community, said UBS.
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