Into the future: This is the first step by Singapore's central bank to explore the use of digital currency.
SINGAPORE: Singapore's central bank said it will launch a pilot project with the country's stock exchange and eight local and foreign banks to use blockchain technology for interbank payments including cross-border foreign currency transactions.
The effort is supported by the R3 blockchain research lab and BCS Information Systems, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at the Singapore Fintech Festival
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