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ubs tests blockchain solution for efficient cross-border payments

UBS has successfully piloted its blockchain-based payment system, UBS Digital Cash, aimed at enhancing the efficiency and security of cross-border transactions for corporate clients. Utilizing a private blockchain, the system enables near-instant processing of payments through self-executing smart contracts, facilitating real-time transactions in multiple currencies. The initiative is part of UBS's broader digital cash strategy, which includes collaborations on central bank digital currencies and tokenized assets.
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Crypto, Press Release
10:51 08.11.2024
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