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Russian Alfa-Bank joins the HSBC-backed blockchain trade finance network
Alfa-Bank, one of the largest private commercial banks in Russia, has joined a blockchain commercial finance network supported by HSBC.
According to an official ad on November 3, Alfa-Bank is the first Russian bank to become a member of Contour, a blockchain platform linking the major financial institutions in the world such as HSBC, ING and Citi. The network allows the bank’s customers to monitor the processing and modification of trade finance transactions and reduce operational costs.
Read on on Coin Telegraph
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