With a friendly government, large capital flows and a robust infrastructure,
The Singaporean bank has over 60 branches locally and is spread across 19 countries in southeast
Until last year, R3 and Ripple had been popular names in blockchain news as far as collaboration with large banks went.
This year observers are witnessing the rise of HashCash, the
Banks, Corporations and Currency exchanges are onboarding to the network, HC NET for retail remittances, vendor payments, wage disbursements, trade finance and several other business cases. The network uses HCX as its native currency but can also use fiat currency for settlement.
Banks believe that Incorporating blockchain in banking processes would boost speed and cut the cost of money transfer by eliminating SWIFT cost among several other advantages.
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