Latest News Of foreign exchange Tag

Overhauling ‘arcane’ finance sector with Bitcoin SV-powered DRIVE Pay

Interviews 9 May 2019

Overhauling ‘arcane’ finance sector with Bitcoin SV-powered DRIVE Pay

DRIVE Pay will run on the BSV blockchain, which will act as the anchoring ledger for the payments network, while the BSV crypto will be used as an intermediary currency to enable liquidity.

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Chinese regulator turns to blockchain for cross-border trade finance

Business 25 April 2019

Chinese regulator turns to blockchain for cross-border trade finance

The State Administration of Foreign Exchange in China is trialing a trade finance platform powered by blockchain, in the latest move from a centralized agency towards embracing the technology.

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HSBC slashes forex costs with blockchain

Tech 15 February 2019

HSBC slashes forex costs with blockchain

The firm confirmed it had reduced costs for its forex business by as much as 25%, in what analysts describe as an example of the importance of distributed ledger technology to banks and their bottom lines.

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