Blockchain Experiment For Cross-Border Payments Completed By Central Banks Of Canada And Singapore

Blockchain, Innovation, News | May 2, 2019 By:

The Monetary Authority of Singapore (MAS) and the Bank of Canada (BoC) have successfully completed an experiment on cross-border and cross-currency payments using central bank digital currencies (CBDC).

The two central banks have been collaborating in the use of distributed ledger technology (DLT) and CBDCs to make the cross-border payment process cheaper,

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Bank of China Opens Blockchain Lab In Singapore

News | November 15, 2018 By:

The Bank of China (BoC), one of the four largest state-owned commercial banks in the country, has opened a FinTech innovation lab in Singapore to spearhead its worldwide research and development (R&D) activities.

Called the BOC Innovation Lab, the lab is the first of its kind for the bank and will spearhead regional and global research and development work as well as build a talent pipeline and foster partnerships with local startups,

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