USC(Utility Settlement Coin) is the new Central Bank created/approved cryptocurrency to supposedly replace bitcoin(if they are successful that is).
The following was recently reported by Wolf Richter…
"UBS, BNY Mellon, Deutsche Bank, Santander, the market operator ICAP, and the startup Clearmatics formed an alliance in 2016 to explore the use of digital currency between financial institutions and central banks, using blockchain."
The ultimate goal of the project is to create a digital currency known as Utility Settlement Coin (USC), which will facilitate payment and settlement for institutional financial markets
Ben Bernanke,former Chairman of the U.s Federal Reserve(and Economic War Criminal) has recently been to a RIPPLE(Banker controlled cryptocurrency) Event where he criticized Bitcoin and claimed it has major issues and has been riding the blockchain gravy train like the rest of the cryptocurrency community.
I honestly cannot see how the USC could ever replace Bitcoin or even have it's price reach as high as Bitcoin since their beloved cryptocurrency Ripple price is less than $2 USD per coin while Bitcoin is currently around $15,000 USD per coin.
If USC is meant to replace Bitcoin in the future, then the Banksters better be prepared to fail as their new cryptocurrency like their existing one, will probably be a failure.
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