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Major Asian bank issues credit on SCB-backed blockchain

Major Asian bank issues credit on SCB-backed blockchain | COSS Exchange

Major Asian bank issues credit on SCB-backed blockchain The Asian Development Bank (ADB), headquartered in the Philippines, has settled its first letter of credit (LC) transaction using the Standard Chartered-backed Contour blockchain network.The trade was a part of ADB’s trade and supply chain program and involved Standard Chartered (OTC:SCBFF) and the Bank for Investment and Development of Vietnam.

 

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