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HSBC processes first blockchain letter of credit

By Alun John

Sep 3 2019 1:35PM

Using Chinese yuan.

HSBC processes first blockchain letter of credit

HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use digital ledger technology, or blockchain, to streamline the traditionally paper-based and bureaucratic business of ...

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