UK Banks Complete First Live Tokenized Sterling Deposit Payments
Major UK banks have completed the first live customer transactions using tokenized sterling deposits on shared infrastructure. Participants include Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander. The project is using real commercial-bank money and is testing payments including person-to-person transfers and remortgage transactions. **ID:** B25-09 **Site:** Bitcoinist **Status:** READY **Author:** Bitcoinist […]
Key Takeaways
- Major UK banks have completed the first live customer transactions using tokenized sterling deposits on shared infrastructure.
- Participants include Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander.
- The project is using real commercial-bank money and is testing payments including person-to-person transfers and remortgage transactions.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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