from proof of concept into Wall Street infrastructure, servicing finance giants such as BlackRock, Goldman Sachs and JPMorgan.
At the same time, traditional banks are becoming interoperable with these digital rails. In August, HSBC executed the first live, cross-border transaction with Standard Chartered via Swift’ s new blockchain ledger – a landmark event that proves bank-issued digital money can successfully flow instantly and securely between competing global financial institutions without the friction of legacy correspondent banking.
“Consumers and businesses around the world are looking for faster, more seamless ways to transact globally”
May Zabaneh Senior Vice President and General Manager Crypto for PayPal
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