Bank of Canada and MAS Conduct First Cross-Border Payments Using Blockchain

Posted on 05/09/2019


On May 2, 2019, the Bank of Canada and the Monetary Authority of Singapore (MAS) disclosed that they conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies. This payment is the first of trials between the two large central banks. DLT stands for Distributed Ledger Technology, also known as the […]