Financial services giant USAA to study use of bitcoin technology

By May 9, 2015Bitcoin Business

A file photograph of some of bitcoin enthusiast Mike Caldwell’s coins Financial-services firm USAA is studying the underlying technology behind virtual currency bitcoin to help make its operations more efficient.

USAA managing director of corporate development Alex Marquez said the firm and its banking, insurance, and investment management subsidiaries hoped that blockchain technology could help decentralise its operations such as the back office.

Marquez told Reuters that USAA had put together a large team researching the […]

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