Natwest Group is a banking and financial services company in the United Kingdom. Founded in 1968, Natwest Group is one of the largest banks in the UK, with over 7 million customers and more than 1,000 branches. It offers a wide range of services to individuals and businesses, including current accounts, savings accounts, loans and mortgages. The group also provides investment management solutions through its subsidiaries such as Coutts & Co., Gartmore Investment Management Ltd., Lombard Asset Management Ltd., Ulster Bank Ireland DAC etc.
NatWest Group uses blockchain technology to provide customers with secure and private transactions by enabling real-time payments across multiple currencies without involving any intermediary or third-party processor. Its blockchain platform was developed in collaboration with Ripple Labs Inc., which enables cross-border payments between two parties using digital tokens (XRP) for settlement without needing to use traditional currency exchange mechanisms or correspondent banking networks. This helps reduce costs for both consumers and businesses by reducing processing time from days/weeks down to mere seconds/minutes due to having no intermediaries involved in the transaction process.
In addition to this service, NatWest Group has introduced a number of other cryptocurrency initiatives such as their own Digital Currency Exchange which allows users to buy Bitcoin (BTC), Ethereum (ETH), XRP etc directly from them using GBP or EUR; they have also launched an Enterprise Blockchain Platform called “Corda” that enables companies within their network of partners to securely transfer data on shared ledgers while maintaining privacy controls; lastly they are part of R3’s global consortium focused on developing innovative applications designed around distributed ledger technologies like blockchain.
Overall these initiatives demonstrate how committed NatWest Group is towards ensuring its customers receive access modern day payment technology while remaining safe & secure at all times – making it easier than ever before for people all around the world who want make international transactions quickly & efficiently via cryptocurrencies!
