Global banking giant HSBC used blockchain technology to settle $250 billion worth of foreign exchange trades in 2018. Using their private blockchain platform “FX Everywhere,” HSBC processed three million transactions, roughly 150,000 payments, reports the Financial Times. Richard Bibbey, acting global head of currencies, says the technology allows HSBC to “conduct thousands of foreign exchange […]The post HSBC Uses Blockchain Technology to Complete FX Transactions Worth $250 Billion appeared first on The Daily Hodl.
