Wells Fargo partners with HSBC to settle FX transactions using blockchain -Breaking
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Wells Fargo (NYSE: ) Partner HSBC can use its Blockchain tools to settle bilateral foreign currency (FX) transaction.
Wells Fargo would utilize The FX Everywhere platform, developed by HSBCInterbank FX transactions The blockchain settlement platform was developed by HSBC in 2018. Settlement of transactions between banks that are part of the HSBC Group. It would have been the first time that the HSBC group had used the latest partnership.
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