HSBC Bangladesh Issues the First Letter of Credit on the Blockchain

2020-11-3 02:00

HSBC Bangladesh has executed a blockchain-based Letter of Credit (LoC) transaction helping reduce wait time from 5-10 days to less than 24 hours, a Nov 1 report by the Daily Star reveals. HSBC Bangladesh Issues the First Letter of Credit (LoC) on the Blockchain A Letter of Credit is a commercial document issued by the bank andRead MoreRead More.

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Источник: btcmanager.com

letter credit → Результатов: 30

The Significance of the World’s First Yuan-Denominated Letter of Credit Blockchain Transaction

Voltron trade finance platform, developed by eight banks could be commercialized next year HSBC has completed the first blockchain-based letter of credit transaction using Chinese yuan, the bank said on Tuesday.

2019-9-3 19:11	Announcements
transaction hsbc credit letter world bank banks

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Banking Giant HSBC Completes The First Yuan-Denominated Letter Of Credit Transaction On A Blockchain

Banking giant HSBC has revealed that they have finished the first yuan-denominated blockchain-based letter of a credit transaction with the help of Voltron. HSBC has partnered with the Landmark Group and the ReChainMe blockchain platform in order to create Voltron, which was used to arrange shipments between Hong Kong and Dubai. Voltron is a consortium […]

2019-9-3 17:53	Announcements
voltron hsbc blockchain banking transaction yuan-denominated credit

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Banking Giant HSBC Completes Blockchain-based Letter of Credit Transaction in Yuan

Coinspeaker Banking Giant HSBC Completes Blockchain-based Letter of Credit Transaction in YuanHSBC processed the first-ever Yuan-denominated blockchain-based letter-of-credit transaction for MTC Electronics over the Voltron blockchain platform.

2019-9-3 16:10
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Britain’s HSBC Executes First DLT-Based Letter of Credit

HSBC Bank, one of the biggest financial institutions in the world, has successfully completed its first distributed ledger technology (DLT) powered letter of credit transaction pegged to the Chinese yuan.

2019-9-3 13:22
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HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

2019-9-3 11:12
letter credit hsbc blockchain-based transaction yuan chinese

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HSBC Completes First Blockchain Letter of Credit Transaction in Yuan

HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction using R3’s Corda-powered Voltron platform

2019-9-3 23:01	Finance
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Standard Chartered Bank Issues First DLT-Powered Letter of Credit

In a press release on August 7, 2019, U. K. -based Standard Chartered Bank, revealed it had successfully executed a pilot of the first cross-border Letter of Credit (LC) on blockchain for companies in the oil industry, including PTT Group, a Thailand state-run oil and gas company, PTT International Trading Pte Ltd, and IRPC Public Company LimitedRead MoreRead More.

2019-8-8 13:00
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Standard Chartered Makes Letter of Credit Transaction Using Blockchain

Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group

2019-8-8 15:05	Thailand
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Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron

Standard Chartered Bank has completed the first international letter of credit transaction on the oil industry blockchain platform Voltron.

2019-8-7 13:00
blockchain industry standard voltron oil platform chartered

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Mnuchin Warns US Debt Ceiling Near, Wants Spending Spigot Open

U. S. Treasury Secretary Steven Mnuchin warns the United States might max out its credit limit in September. If that happens, the federal government will not be able to pay some of its bills. In a letter to House Speaker Nancy Pelosi (D-Calif.

2019-7-13 00:50
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Bank of America Merrill Lynch Promoting Ripple’s Cross Border Solutions

A Slideshare by Bank of America Merrill Lynch (BAML) and uploaded by Swift, “SWIFT LARC 2019 – Innovation in Latin America_BAML” from May 2019 recently surfaced online. Per BAML’s GTS innovation program, the bank is involved in Participation Experimentation Consortium memberships, commercial letter of credit, and proof of concepts bank-to-bank, in the blockchain space. The […]

2019-6-30 16:52	Ripple (XRP)
bank baml america swift innovation 2019 lynch

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Over 50 Banks Simulate Letter of Credit Transactions on R3’s Blockchain in 27 Countries

A simulation of letter of credit transactions has been carried out by over 50 banks in 27 countries on six continents on R3’s blockchain platform

2019-5-8 18:55
blockchain countries transactions banks letter credit six

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

2019-5-7 01:42	Law & justice
bitfinex nyag million tether general attorney order

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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.

2019-5-1 01:22	Law & justice
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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30	Law & justice
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LC Lite Partners with Incomlend to Improve Letters of Credit through Blockchain Technology

LC Lite and Incomlend are teaming up to take on the global trade industry by creating a blockchain-based platform that streamlines the letter of credit process, reported on February 11, 2019. Where Credit Is Due The issuing and use of letters of credit are about to get a whole lot easier as LC lite hasRead MoreRead More.

2019-2-12 20:00	Startups
credit lite blockchain incomlend letters issuing easier

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China Banking Association Develops Blockchain Platform For Trade Finance

The new platform, intended to improve financial services related to trade finance, has already successfully put an inter-bank letter of credit on a blockchain.

2019-1-5 00:50	business and finance
platform finance blockchain trade successfully put letter

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HSBC Completes Blockchain-Based Transaction for India’s Reliance Industries

The British multinational banking organization HSBC and Belgium’s ING Bank have partnered to execute a trade transaction using the blockchain network from a U. S. -based Tricon Energy to India’s Reliance Industries.

2018-11-5 22:00
india transaction hsbc industries blockchain reliance kind

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Bank of Canada Runs a Blockchain-based Pilot for a LOC Negotiation Platform

CGI, Group Inc. , a renowned IT, and business consulting firm, announced on October 21 a collaboration with the National Bank of Canada and Skuchain, a blockchain technology company aimed at optimizing the supply chain, in a pilot program to streamline and improve the process for negotiation standby letters of credit and guarantees.

2018-10-23 15:59	Canada
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PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-8 21:30	Investing
crypto cred pwc schatt get offer bitcoin

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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-10 21:30	Investing
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2020-11-3 02:00

letter credit → Результатов: 30

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