How PwC’s Vulcan Blockchain Seeks to Bring Banks into the New Digital Era

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Vulcan Digital Asset Services, a newly-launched service from Pricewaterhouse Coopers (PwC), promises a new era for financial and commercial services with digital currency technology. A single platform connects identity, money and assets, allowing users to spend, share, trade or track any physical or digital asset cheaply and quickly.

The Vulcan platform enables fintech start-ups and existing technology companies to gain access to PwC’s global client base and co-develop new product offerings. Services include digital asset wallets, global payment processing, and investment and trading services. Vulcan will also offer point-of-sale and merchant services as well as the ability to create and support native digital currencies and rewards-based systems.

A Continuing Commitment

The Vulcan offering marks PwC’s continuing commitment to bringing blockchain technology to financial services and other industries. Earlier this year, in a report, “Blurred lines: How FinTech is shaping Financial Services,” PwC compared blockchain to enterprise resource planning (ERP) software that allowed entities and functions within a business to optimize processes by sharing logic and data within the enterprise, CCN reported.

PwC created Vulcan since it believes

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