HSBC Has Settled $250 Billion of Forex Trades With Blockchain in Last Year -Reuters
January 14 2019 - 1:37PM
Dow Jones News
--HSBC Holdings PLC (HSBC) said it has settled $250 billion of
foreign exchange trades using blockchain in the last year, Reuters
reported Monday.
--HSBC said its use of blockchain has reduced the risks of
errors and delays, Reuters reported.
--Last May, HSBC announced its participation in a
"groundbreaking" blockchain trade finance transaction with Cargill
for a soybean shipment.
https://www.reuters.com/article/us-hsbc-blockchain/hsbc-settles-forex-deals-worth-250-billion-on-blockchain-in-last-year-idUSKCN1P8246
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 14, 2019 13:22 ET (18:22 GMT)
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