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Turkish Bank Officially Launches Gold Transfer Platform

Ramsey Baker

Summary: Takasbank, Turkey's Istanbul Clearing, Settlement and Custody Bank, has officially launched its’s blockchain-based gold-backed transfer sysyetm, according to an announcement from the company. The system known as BiGA Digital Gold is designed to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold. The project will allow participating banks to ...

Takasbank, Turkey's Istanbul Clearing, Settlement and Custody Bank, has officially launched its’s blockchain-based gold-backed transfer sysyetm, according to an announcement from the company.

The system known as BiGA Digital Gold is designed to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold. The project will allow participating banks to transfer digital assets that each represent a quantity of physical gold.

By Ramsey Baker

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