Singapore develops multi-currency blockchain network

Prototype developed in tandem with JP Morgan and Temasek enables payments to be carried out in different currencies

monetary-authority-of-singapore

Payments in different currencies across the same blockchain network are now possible following the latest development in the Monetary Authority of Singapore’s fintech project.

In a statement published on November 11, the central bank announced it has developed a successful prototype platform in collaboration with JP Morgan and Temasek.

The prototype, the central bank says, will have the potential to streamline costs for business. “The payments network will provide interfaces for other

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