Deep Tide TechFlow News, February 27 — According to Bloomberg, citing sources familiar with the matter, Barclays Bank is consulting technology providers about creating a blockchain platform to handle payments and other processes, exploring the application of digital asset technology in banking services. Barclays has sent out a Request for Information (RFI) to potential technology providers to evaluate how to develop new products, which may include stablecoins and tokenized deposits. The bank plans to select a provider as early as April this year.
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Barclays Bank is considering building a blockchain platform, and may launch stablecoins and tokenized deposits.
Deep Tide TechFlow News, February 27 — According to Bloomberg, citing sources familiar with the matter, Barclays Bank is consulting technology providers about creating a blockchain platform to handle payments and other processes, exploring the application of digital asset technology in banking services. Barclays has sent out a Request for Information (RFI) to potential technology providers to evaluate how to develop new products, which may include stablecoins and tokenized deposits. The bank plans to select a provider as early as April this year.