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Retrieved on: 2024-04-01 13:36:24
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Summary
The article discusses Wells Fargo's blockchain-based digital cash system designed for internal cross-border settlements as a faster and more efficient alternative to SWIFT. It highlights how this application, using R3's Corda software, promises to streamline the bank's internal processes, functioning as a stablecoin for efficient fund transfers. The tags such as 'Cryptocurrencies', 'Decentralization', 'Digital currency', and 'Ethereum' are related to the broader context of blockchain technology and its financial applications, as shown by Wells Fargo's initiative and parallels drawn with JPM Coin.
Article found on: ca.movies.yahoo.com
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