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Custom1 mas helps develop blockchain based prototype for multi currency payments

FINTECH · BLOCKCHAIN · PAYMENTS

MAS Helps Develop Blockchain-Based Prototype for Multi-Currency Payments

The Monetary Authority of Singapore (MAS) has led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network.

This prototype network, developed by MAS in collaboration with J.P. Morgan and Temasek, has the potential to improve cost efficiencies for businesses. It is currently undergoing industry testing to determine its ability to integrate with commercial blockchain applications. The applications th...

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