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Usaa Creates Research Team To Study Use Of Bitcoin Technology


Ron Burgundy
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A Bitcoin (virtual currency) mining machine and a paper wallet with QR codes are seen in an illustration picture taken at La Maison du Bitcoin in Paris(This story corrects the 8th paragraph of the story which ran on May 8, 2015 to show Dapps Venture Fund is based in Austin, Texas, not San Antonio, Texas) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. Alex Marquez, managing director of corporate development at USAA, said in an interview this week that the company and its banking, insurance, and investment management subsidiaries hoped the "blockchain" technology could help decentralize its operations such as the back office.




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