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PwC has launched a new Fintech capability called Vulcan Digital Asset Services which the consultant claims will enable digital assets to be used for everyday banking, commerce and other personal currency and asset related services.
Vulcan’s services include digital asset wallets, international payment processing, and investment and trading services, and will soon offer point-of-sale and merchant services and the ability to create and support native digital currencies and rewards based systems.
The platform is currently being piloted by an international banking group and a Central Bank, and being assessed by an airline and another three multinational banks.
Robert Allen, PwC Director and Vulcan Lead, said of the new PwC capability: “Vulcan is a cloud-based platform that enables banks and corporates to offer a suite of new digital currency related products and services to individual, retail and institutional customers within a...