HSBC Completes Malaysia's First Blockchain Letter of Credit Transaction, Trading Hours Reduced from 10 Days to 24 Hours
HSBC, the global banking giant, announced a successful letter of credit (LC) transaction based on the blockchain in Malaysia. Image source: Pixbay Malaysia's local financial technology news media "Financial Technology News Malaysia" reported on this progress on October 14, and pointed out that the deal involves packaging company Simply Packaging to import resin from an […]
HSBC completes the first RMB-denominated blockchain letter of credit transaction
HSBC said on Tuesday that it has completed the first RMB-denominated blockchain letter of credit transaction. (Source: Pixabay ) Like many competitors, HSBC has been seeking to use digital ledger technology to streamline traditional paper and bureaucratic financing transactions. As the first letter of credit transaction using the Renminbi, it marks the use of Voltron, […]
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