All Insights|Future Nexus
fintechNovember 14, 2016

PwC Announces Vulcan Digital Asset Services, Aims to Bring Digital Assets Mainstream

PwC’s new Vulcan Digital Asset service will include digital asset wallets, international payment processing, investment/trading services, and eventually point-of-sale and merchant services; platform is currently in pilot mode by an international banking group and a central bank; an airline and other multinational banks are assessing the platform; according to Robert Allen, PwC director and Vulcan lead, “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 trusted, transparent and compliant ecosystem. It is the first of its kind globally and has been created to bring digital assets and currency to the mainstream.”  Source