Using Blockchain to Make Cross-Border Payment

CANADA – Jon Dela Cruz – The use of the blockchain technology for overseas money transfers limited to startups until now, but it appears that banks don’t want to be left out of the race either.     Crédit Agricole, a French bank, through an announcement in January 2018, mentioned it will start using Ripple’s blockchain technology on a trial basis. This is so it may improve the efficiency of money transfers for customers who live in close proximity to the Swiss border. These transfers usually take up to three…

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