Blockchain dreams do come true: A big Spanish bank’s customers can now use it to transfer money

Blockchain boosters rejoice: A major bank is using the distributed-ledger technology that makes bitcoin possible for international payments of fiat currency. Santander, which had been testing it internally among its staff, launched the service today, making the Spanish banking giant among the few major financial institutions to go live with the extraordinarily hyped technology.

The service is supposed to be cheaper and faster than existing systems, and will provide more certainty about when...

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