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Wells Fargo, HSBC to Settle Forex Transactions Using Blockchain – CoinDesk

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Wells Fargo and HSBC Bank said on Monday they will use a blockchain-based product for settling matched foreign exchange transactions.
UPDATE (Dec. 13, 13:30 UTC): Adds additional comment from HSBC in second bullet.
Read more: Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans: Sources
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Parikshit Mishra
Parikshit Mishra is the news editor for CoinDesk during the mid Asia and early European hours. He does not have any crypto holdings.
Follow @parikshitm899 on Twitter
Ian Allison
Ian Allison is a senior reporter at CoinDesk.
Follow @IanAllison123 on Twitter
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
@2021 CoinDesk

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