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Tuesday

22 October 2019

Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo

Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo


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11, Alfa-Bank announced that it is launching a foreign trade finance pilot transaction, with the cooperation of NLMK, Commerzbank and Vesuvius GmbH using R3’s Corda-powered Marco Polo Network.

Marco Polo network, which is a joint undertaking between technology firms TradeIX and R3, plans to offer a wide range of international trade finance solutions and integration into the global trade ecosystem.

Cointelegraph reported in September that the Bank of America had joined R3’s Marco Polo Network to tackle trade finance challenges

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cointelegraph.com
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