UK banks complete first interbank payments using tokenised deposits
Major lenders including Lloyds, NatWest and Barclays have successfully moved funds between rival institutions using blockchain technology for the first time. By recording deposits on a shared ledger, the banks can now automate payments to settle instantly when specific conditions are met - a shift that could make complex transactions like remortgaging faster and more secure.
Source: r/GoodNewsUK
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