Coinnounce
2020-11-03 08:52:31

HSBC Bangladesh conducts the country’s first blockchain-powered cross border trade.

The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour blockchain platform. The transaction was used to settle the importation of 20,000 tonnes of fuel oil from United Group’s Singapore subsidiary United Mymensingh Power. HSBC Bangaladesh’s chief executive, Md Mahbub ur Rahman, described […]

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