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UBS Launches Blockchain Payment System "UBS Digital Cash"
UBS said it has successfully piloted a blockchain-based payment system, dubbed UBS Digital Cash, aimed at increasing the efficiency of cross-border transactions. In a statement, UBS said transactions with multinational clients and banks were conducted in the pilot, including domestic transactions in Switzerland and cross-border transfers in US dollars, Swiss francs, euros and Chinese yuan. UBS plans to further expand and develop UBS Digital Cash, which is understood to use a private blockchain n...
2024-11-07 23:20:21
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