Commerzbank Executes First Corporate FX Deal on Blockchain in Germany Comments Off on Commerzbank Executes First Corporate FX Deal on Blockchain in Germany 213

German conglomerate ThyssenKrupp traded EUR 500,000 with Commerzbank on Wednesday  and used blockchain technology to confirm the transaction. In the first such deal involving a large German company  ‘transaction reconciliation’ was eliminated and evidence provided that the technology could reduce fees, time and risks associated with FX transactions, said a press release by Commerzbank. In a statement, […]

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Source: Commerzbank Executes First Corporate FX Deal on Blockchain in Germany

Amine is an internet entrepreneur and the founder of Crypto Radar. Amine operates several internet businesses and has been passionate about cryptos for many years. He occasionally shares his insight on this blog.

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