Nearly 20 banks in Chongqing actively use cross-border blockchain platforms to provide strong support for trading companies in the "epidemic"

According to the Xinhuanet report, relevant personnel of the Chongqing Foreign Exchange Management Department of the State Administration of Foreign Exchange have introduced that since the outbreak, under the overall guidance of the Chongqing Foreign Exchange Management Department, nearly 20 pilot banks in Chongqing have taken active actions to make full use of cross-border blockchain platforms. Facilitate cross-border payment and financing of enterprises, accumulatively processed USD 56.36 million in service trade payments for 24 companies, and issued USD 460 million in export trade financing, which provided a strong support for trading companies in responding to the new crown epidemic.