Share this article
R3 Unveils Cross-Border Payments Platform Built on Corda DLT Tech
R3 and 22 of its member banks have announced a cross-border payments platform built on top of the company's Corda distributed ledger.
By Brady Dale
Updated Sep 13, 2021, 7:06 a.m. Published Oct 31, 2017, 9:00 a.m.
Distributed ledger consortium R3 and 22 of its member banks have announced a cross-border payments platform built on top of the company's Corda technology.
Centered around the concept of creating digitized versions of fiat currencies that can be exchanged and transferred between different parties, the effort has seen involvement from banks including Barclays, BBVA, CIBC and Commerzbank.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
The unveiling comes just a month after the startup announced version 1.0 of Corda, with a prototype version of the cross-border payments platform expected to be released by the end of this year.
R3 CEO David Rutter said of the project:
"This solution will be a game-changer for any bank or company whose business relies on making or receiving cross-order payments, and is a key part of R3's wider strategy to leverage distributed ledger technology for faster and more efficient execution of all types of financial transaction."
Also involved in the new platform are DNB, HSBC, Intesa, KBC, KB Kookmin Bank, KEB Hana Bank, Natixis, Shinhan Bank, TD Bank, U.S. Bank and Woori Bank, R3 said in a statement.
Other projects built around R3's core tech offering have been unveiled in recent days, including a trade finance-focused partnership involving U.K.-based Bolero.
Antique map image via Shutterstock
Mais para você
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
O que saber:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
