Chinese Banks Launch Blockchain Settlement Platform

Chinese Banks Launch Blockchain Settlement Platform

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Chinese Banks Launch Blockchain Settlement Platform

Three Chinese banks have trialed a blockchain-based settlement system, completing their first payment last Friday. CEBNet, the news portal of the China Electronic Banking Network, reports that “Ping’Tai ” has recorded six transactions, for a total value of 30 million RMB.  Ping’Tai (which, uncreatively, means ‘Platform’) is a joint effort between three leading banks, “embodying […]

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