• HSBC leans on blockchain tech to process $250bn worth of fx transactions

    5 monthes ago - By The Next Web

    Global bank HSBC has processed more than 3 million foreign exchange transactions using blockchain technology. According to a report, the transactions, completed over the past year, were worth $250bn. If previous statements are anything to go by, HSBC likely used a permissioned blockchain to carry out the transaction. Private blockchains are typically preferred by regulated financial entities such as HSBC because they provide a workaround the fact that the anonymity of participants is not acceptable in mainstream finance. To put this into perspective, HSBC is one of the largest financial...
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  • HSBC settles forex deals worth $250 billion on blockchain in last year

    HSBC settles forex deals worth $250 billion on blockchain in last year

    5 monthes ago - By Reuters

    HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it.
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