HSBC & Wells Fargo Now Accepted Blockchain Solution To Initiate Global Forex Trades

HSBC And Wells Fargo, two leading banking companies, are working together to implement a blockchain solution to strengthen their foreign exchange transactions. According to Mark Jones from Wells Fargo, this will be the first time the bank will integrate blockchain-based solutions into its services portfolio to start and regulate Forex trading.

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According to the agreement, the two banks will jointly use the accounting register to process foreign currencies, such as the US & Canadian dollar, British pound & euro, And will gradually adjust the scope of service by adjusting other currencies.

Coin Market Cap:

According to #CoinMarketCap, the total cryptocurrency market cap is over $692 quintillion USD. That would                be enough money to cover the surface of the entire earth over 58 billion times.

Coin Market Cap

The two banks will be using a platform provided by Baton systems and will utilize its core distributed.

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