With DevCon2, the yearly convention focused on furthering Ethereum and its applications, coming to a close, we have been left with countless headlines regarding the development of Ethereum. With Microsoft being a premier sponsor, as well as having many other sponsors, many organizations are starting to realize the potential Ethereum’s blockchain holds.
Santander To Tie Bank Accounts to Ethereum
Firstly, one of the big developments was that Santander, not only a proponent of DevCon2 but also a Spanish banking giant, has just announced that they will be exploring the possibility of digitizing public cash (fiat currency) and implementing the Ethereum blockchain. The first use of Ethereum’s blockchain will be for micropayments.
If all goes well, users of Santander will be able to enjoy the familiarity and stability of a dollar reserve combined with the agility of the Ethereum