Rich Foster on Utility Settlement Coin

Utility Settlement Coin – How Wholesale Banking Will Connect to Central Banking On The Chain!

The USC will be an institutional digital currency. Initially there will be digital versions of five currencies Canadian Dollars, Euros, Pounds, Japanese Yen and US Dollars. The USC is for use by financial institutions (only) to make instant settlements. The USC states it will enable a single pool of funds available for settlement across multiple markets. As opposed to pockets of money tied up separately. That pooled liquidity could also potentially be a huge cost saving, subject to regulators potentially requiring separation.

Current members are Barclays, BNY Mellon, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds, MUFG, Nasdaq, Santander, SMBC, State Street and UBS.

Presenting on this topic is former VP at Citi, Rich Foster, who will be giving his expert opinion on what this means for how blockchain is changing the future of banking.

Disclaimer: All topics discussed are for educational and informational purposes only. Nothing discussed should be construed as investment advice. We are not financial advisors. Please consult your financial advisor before making any investments. Cryptocurrencies are very volatile. Never invest more than you’re willing to lose.

AGENDA:
7:00p – 7:30p: Welcome & Introductions
7:30p – 8:30p: Presentation on USC
8:30p – 9:00p: Q&A

KNOWLEDGE LEVEL:
Novice to Intermediate

LOCATION:
Tampa Bay Wave
500 E Kennedy Blvd #300
Tampa, FL 33602
Parking is free AFTER 6P along the streets North of E Kennedy Blvd.

COST:
Free and open to the community.

Not a member yet? Visit https://blockspaces.io/membership to become a member today!