Chinese Banks Stepping up Blockchain Cross-border Trade Financing

By Tim Alper on October 16, 2020 19:00

Published on October 16, 2020 23:05 by

Chinese banks are looking to up their cross-border trade game – with a series of new blockchain-powered innovations that could seek to reduce the nation’s dollar dependence. Per Sina, the Beijing-based China CITIC Bank, the country’s seventh-biggest lender, has become the first domestic bank in mainland China to make use of a blockchain-powered cross-border letter of
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