HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

2019-9-3 11:12

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

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letter credit hsbc blockchain-based transaction yuan chinese

letter credit → Ðåçóëüòàòîâ: 21


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


Ôîòî:

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


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


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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


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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