South Africa’s Banks Are Going DIY to Test Ethereum’s Blockchain

Members of six African banks reportedly met yesterday to discuss the next steps in their ongoing effort to connect aspects of the South African banking system via a private version of the ethereum blockchain, according to sources.

Apparently the first use cases are syndicated loans and securities loans, which are currently run as over-the-counter operations.

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Photo by orsorama

Editorial Staff

Editorial Staff at SG Fintech is a team of Fintech enthusiasts.