Category: Letters of Credit

HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

(David Franklin/Shutterstock) HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction The Bangladesh arm of HSBC, one of the world’s largest banks, has completed the country’s first cross-border blockchain trade finance transaction. According to a press release on Tuesday, the digitized letter of credit (LC) transaction brought a notable reduction in the processing time compared with […]

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