Central banks complete first blockchain currency swap

blockchain

The Monetary Authority of Singapore and the Bank of Canada announced that they completed the first international cross-currency payment with digital currencies between central banks today (May 2).

The central banks successfully connected their experimental national payment networks, both based on different distributed ledger technology (DLT) platforms. The Bank of Canada’s Project Jasper and MAS’s Project Ubin transferred $105 Singapore dollars between a bank in Singapore and in Canada. The

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