Express

Argentina’s Central Bank Tests Blockchain-Powered Clearing System

Roland James

Summary: The Central Bank of Argentina (BCRA) is in the testing phase for a new blockchain-powered clearing system that would potentially be used by some of the country's biggest financial institutions. According to an announcement from blockchain developer IOV Labs on Tuesday, the firm had developed a proof-of-concept, for a permissioned blockchain network, based on RSK ...

The Central Bank of Argentina (BCRA) is in the testing phase for a new blockchain-powered clearing system that would potentially be used by some of the country's biggest financial institutions.

According to an announcement from blockchain developer IOV Labs on Tuesday, the firm had developed a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network, in collaboration with the central bank and major commercial banks in Argentina including Santander and BBVA.

By Roland James

Last Update:

Tags: ,,,,,
Link: Argentina’s Central Bank Tests Blockchain-Powered Clearing System   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 2 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 3 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 6 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago

    • You need to login to comment.