Barclays Bank will accelerate a transaction using blockchain Ethereum


The British financial conglomerate Barclays announced a partnership with blockchain startup Crowdz to integrate support for the Ethereum blockchain in Barclaycard. Using the technology of the distributed registry plans to speed up transactions of users of plastic cards, according to BitcoinExchangeGuide.

It is reported that payments using Barclaycard will be conducted through the blockchain-a platform Crowdz. First on the new platform will translate a small number of users to test and debug process. The pilot project will take six months, during which users can Express their opinions and offer suggestions to improve service.

Startup Crowdz will be able to work with Barclaycard to real users, including corporate clients. If successful, the pilot project, the startup will have access to the sector of retail banking.

It is worth noting that the conglomerate Barclays has worked with the company Crowdz the programme for the development of FINTECH companies. Now, the Bank decided to test the blockchain-solution Crowdz in the real sector of the economy.

Previously Barclays said to consider launching platform for cryptocurrency trading. To do this, set up a special team of top managers of the organization.

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