According to a report from ledgerinsights on November 30, deep tide TechFlow news, Swiss crypto bank Amina Bank, along with Crypto Finance Group and its partner banks, recently completed a pilot project using Google Cloud Universal Ledger for Distributed Ledger Technology (DLT): enabling fiat settlement between regulated banks in Switzerland, achieving near real-time, 24/7 availability. The pilot did not introduce new digital money but continued to utilize traditional commercial bank funds, demonstrating that DLT technology can seamlessly integrate with traditional banking systems within the existing regulatory and compliance framework.
The official statement says that this achievement lays the foundation for the future promotion of “cross-border payment”, “multi-currency settlement”, and “integrated payment for physical sales points (POS)”, indicating that the traditional financial system may usher in a transformation towards Web3 / blockchain infrastructure.
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