Paris bank successfully uses blockchain to process transactions.
There has been a growing trend in centralized banks looking into blockchain technology to decrease the mistakes made with traditional banking. Exciting times are ahead of us as we see major banks around the world take up the blockchain technology as they see the sudden shift in currency away from their centralized fiat system to that of cryptocurrency.
Here is an exert:
Panini Group Treasurer Fabrizio Masinelli said: ‘’Blockchain technology applied to cross-border payments offers an innovative way of processing in near-real-time high-value transactions between different companies. This proof-of-concept shows how powerful such technology can be and how it can be utilised as an effective and efficient response to the main issues that treasurers face on a daily basis. This great achievement was possible thanks to the collaboration between Panini’s Group Treasury teams and the various teams of BNP Paribas.”
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