HSBC bank executives have said that the blockchain technology deployed in the bank will help reduce the cost of foreign exchange.
Mr. Mark Williamson or COO, money exchange and trading risk control, interviewed Reuters news that their HSBC FX Everywhere platform can reduce costs by up to 25% if comparing conventional systems today.
Last month, the bank announced that the bank has processed over 2.5 billion transactions through the HSBC FX Everywhere platform.
They said that they have processed over three million foreign transactions and 150,000 transactions via digital ledger that they used during the previous year. "To manage payments on the HSBC's internal balance sheet"
Mr William said that HSBC banks typically process daily transactions of about 3,500 - 5,000 transactions per day on FX Everywhere, which is now included in the $ 3.5 billion market.
"We are able to show that this is not just a proof of concept. Or can actually use only a few times, "said Mr. Williamson
He also said that the amount of significant amounts of money is often processed through the DLT system.
Earlier it was reported that HSBC Bank had already developed Blockchain technology since joining R3. They worked with Bank of America Bank and the Singapore government in the supply chain project.
In addition, they also joined the Utility Settlement Coin (USC) project that is designed to allow banks around the world to process transactions with each other using secured assets in their own created blockchain.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น