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Market
UBS Digital Cash processes $1B+ in transactions by mid-2025?
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UBS financial reports, press releases, and credible financial news sources
Story
UBS Successfully Pilots Blockchain-Based Payment System for Cross-Border Transactions
Nov 7, 2024, 01:45 PM
UBS, Switzerland's largest bank, has successfully piloted a blockchain-based payment system. The new system, known as UBS Digital Cash, aims to enhance financial transactions by enabling real-time global payments in multiple currencies. This initiative represents a significant step in financial innovation and could inspire other banks to adopt blockchain technology for efficient cross-border transactions.
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Similar markets
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