Payments News

Systems

20+ banks and R3 plan DLT-based cross-border payment platform

“Blockchain consortium R3 and 22 of its member banks have collaborated on the development of a cross-border payments platform built using distributed ledger technology (DLT). The platform will enable both existing Central Bank currencies and any digital currencies developed in the future to be transacted via the blockchain, says R3, and it expects a prototype to be launched before the end of 2017. “