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Fintech company dltledgers has helped pioneer an electronic Bill of Lading to link the ports of Singapore and Rotterdam.
SBI Ripple Asia has launched the South-east Asian country’s first cross-border remittance service using blockchain.
The three organisations are looking to leverage blockchain technology and digitise M1 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements.
Banks in each country are using a blockchain-backed network to resolve common pain points associated with cross-border transfers.
Fintech firm #dltledgers has completed a $7 million Series A funding round and is migrating its blockchain-based solutions to Corda.
Ripple, a leading provider of enterprise blockchain solutions for global payments, is expanding in the region.