letter of credit News

HSBC Bangladesh has executed a blockchain-based Letter of Credit (LoC) transaction helping reduce wait time from 5-10 days to less than 24 hours, a Nov 1 report by the Daily Star reveals. HSBC Bangladesh Issues the First Letter of Credit (LoC) on…

Standard Chartered Bank has successfully executed Bangladesh’s first blockchain trade transaction by issuing a Letter of Credit over the Contour blockchain network, New Age reports. Letter of Credit Issued on Blockchain In a first for Bangladesh, Standard Chartered Bank issued…