Blockchain as an emergency payment method – idea from RBS
This from the EBAday 2015 meeting in Amsterdam, and hosted by the Euro Banking Association and Finextra.
A sensible potential use case for blockchain being considered by RBS.
15.35 Richardson says RBS has been exploring the use of blockchain technology with a view to seeing what it can offer to the bank, in terms of both reducing costs for international payments, and different ways of handling international payments. One potential use case identified is the use of virtual currency technology to help customers in foreign countries who need emergency payments.