The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […]
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Germany’s largest lender, Deutsche Bank, launched its crypto custody service for institutional and corporate clients on Wednesday, according to an announcement shared with Cointelegraph.The bank also signed a...
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