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22 October 2019

Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion

Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion


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China Construction Bank, one of the largest Chinese commercial banks, has expanded its trade finance blockchain platform with new abilities, including cross-chain and inter-bank transactions, as trading volume surpasses $53 billion.

ICBC, the largest bank in the world by assets, has used its online blockchain financing platform to help small and medium companies with factoring transactions.

Bank of China processed its first international money transfer to South Korea in dollars via its patented blockchain payment system last August, while Agricultural Bank of China helped farmers with online trading by using its e-commerce blockchain financing system in August, 2017

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