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Bitcoin Daily: JPMorgan Trials Ethereum Tech; Japan Sees Rise In Crypto Money Laundering

PYMNTS

South Africa’s Standard Bank has announced a new private-permission, cloud-based distributed ledger platform that aims to speed up foreign exchange (FX) payments, as well as make transactions more transparent. The platform will go live in the first half of this year.

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Futureproofing treasury and payments through digitisation

Future CFO

One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure. Steven Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” Intraco’s Yeo added that having data in real-time matters in the current market.