Banking
Citi Scraps Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It’s easier to rely on SWIFT.
Forex
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Banking
HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.