The first stage of a Federal Reserve Bank of New York project has found that blockchain technology could make wholesale cross-border payments faster and safer.
The New York Fed released its Project Cedar phase-one results on November 4, examining blockchain’s ability to carry out wholesale payments. This is the first project from the New York Innovation Center (NYIC), a collaboration between the Bank for International Settlements (BIS) and the NY Fed.
The first phase focused on blockchain’s
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
by :
Source link
Tags: Central Banking
