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
Fusion Media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information including data, quotes, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading on the financial markets, it is one of the riskiest forms of investment possible.
[ad_2]Source link