When bitcoin first emerged banks didn't want anything to do with it. But a few years down the line and pretty much all of them are looking at it. Although no British High Street banks currently accept bitcoin — Barclays is tipped to become the first — many of them are experimenting to varying degrees with the record-keeping technology that underpins it, the blockchain. Earlier this month 9 leading banks formed a partnership, headed by startup R3, to create a common "fabric" of blockchain for mainstream banking — essentially establishing the ground rules. Morgan Stanley, Lloyds, BNP, etc.

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