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Topic: [2016-07-14] Blockchain Consortium R3 Adds Its First African Member Bank (Read 264 times)

legendary
Activity: 1904
Merit: 1073
How strange that Barclays jumps from partnerships with Bitcoin based companies to R3 the direct competitor to Bitcoin? This was the last move they made, when I still followed their involvement with

Bitcoin --> http://fortune.com/2016/04/06/barclays-bitcoin-goldman-circle/ ....So it seems the banks are moving away from Bitcoin to join ranks with competitors. We should follow these events more

closely. If they start to close accounts of clients associated with Bitcoin, we shout boycott them and move to banks who are more Bitcoin friendly.
hero member
Activity: 756
Merit: 502
The global banking blockchain consortium led by R3 will see its first African member join the ranks in Absa Bank, one of South Africa’s largest banks.

Absa Bank, the South African subsidiary of Barclays Africa has joined the R3-led global blockchain consortium. The group which primarily consists of banks, recently began including non-banking financial institutions.

As the first African member to join the consortium, Absa Bank will be working with over 45 global banking heavyweights in an effort to explore and develop blockchain technology for the financial industry. Furthermore, Absa Bank also revealed that a working group comprised of regional banks will also come together to pioneer the continent’s first ever blockchain-based banking solution.

https://www.cryptocoinsnews.com/blockchain-consortium-r3-adds-first-african-member-bank/
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