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Tag: e-Krona
Central Bank of Norway to Develop Digital Currency Following Decline in Cash Usage
Category: Altcoins, Finance, News, Regulation
Prompted by the decline in cash usage, Norges Bank, a central financial institution of Norway, is looking forward to developing its own cryptocurrency. As per Norges Bank’s recent report, dubbed the “Central Bank Digital Currency”(CBDC), plans to act as an alternative to fiat currency to “ensure confidence in money and monetary system.” Other central banks are also analyzing the possibility…
HSBC Concludes – “Blockchain Is Viable” After Successful Trade Deal
Category: Altcoins, Blockchain, Business, Finance, News, Tech
HSBC Holdings announced that it had completed its first scalable blockchain-based trade finance transaction through which it has concluded that blockchain is ready for mass adoption in the trade finance market. HSBC revealed that it concluded that blockchain is a commercially viable technology after processing a letter of credit on behalf of Cargill, a large food and agricultural conglomerate based…
