Bitcoin’s Blockchain Technology Proves Itself in Wall Street Test

Banks including J.P. Morgan Chase Co. and Citigroup Inc. have successfully tested a record-keeping record behind bitcoin on credit-default swaps, a pierce that could assistance it benefit a foothold in mainstream finance.

The swaps are radically word contracts that compensate off if a bond goes bad, and a routine of gripping lane of a over-the-counter products can be a burden. Banks compare buyers and sellers, broadcast a trades…

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