Awesome news WiseYoda. Thanks for sharing. I particularly enjoyed this part:
"Payments – DLT can streamline end-to-end value transfers, reducing costs, operational risks and settlement periods. For example, Ripple’s XRP ledger provides real-time cross-border settlements, using tokens that represent central bank currencies. In foreign exchange, HSBC’s FX Everywhere tool processed more than 3m inter-company FX transactions worth $250bn in its first year… Following successful implementation inside the bank, we are now exploring how this technology could help multinational clients – who also have multiple treasury centres and cross-border supply chains – better manage foreign exchange flows within their organisations"
HSBC FX Everywhere