Central banks trial the use of blockchain for cross-border payments

The Bank of Canada and Monetary Authority of Singapore (MAS) have announced they have carried out digital currency transfers using blockchain technology.

“The world of cross-border payments is complicated and expensive. Our exploratory journey into the use of DLT to try to reduce some of the costs and improve traceability [] has yielded many lessons,” said Scott Hendry, Bank of Canada Senior Special Director, Financial Technology.

Original source
https://www.theblockcrypto.com/tiny/central-banks-trial-the-use-of-blockchain-in-cross-border-payments/?utm_source=rss&utm_medium=rss&utm_campaign=default

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