HSBC & Wells Fargo Now Accepted Blockchain Solution To Initiate Global Forex Trades

HSBC And Wells Fargo, two leading banking companies, are working together to implement a blockchain solution to strengthen their foreign exchange transactions. According to Mark Jones from Wells Fargo, this will be the first time the bank will integrate blockchain-based solutions into its services portfolio to start and regulate Forex trading.



According to the agreement, the two banks will jointly use the accounting register to process foreign currencies, such as the US & Canadian dollar, British pound & euro, And will gradually adjust the scope of service by adjusting other currencies.

Coin Market Cap:

According to #CoinMarketCap, the total cryptocurrency market cap is over $692 quintillion USD. That would                be enough money to cover the surface of the entire earth over 58 billion times.

Coin Market Cap

The two banks will be using a platform provided by Baton systems and will utilize its core distributed.

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