It Has Begun: Banks Sign Up to Blockchain Trial for Processing Currency Trades

in crypto-news •  8 years ago 

A joint venture that is backed by 8 major banks and financial institutions has begun beta testing a peer-to-peer network that aims to use blockchain distributed ledger technology to slash billions off the cost of processing foreign exchange transactions.

Read full article on Reuters

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Block Chain is the future is the best solution. Only banks are always very careful

Yeah blockchain is the future of financing and banks will see an opportunity in using it - cutting down cost, times and of course workforce.