MAS’ blockchain payment project progresses to phase two

6 October 2017 | 2 minutes read

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore’s (ABS) consortium with 11 financial institutions, which aims to develop an inter-bank payment system, has managed to develop three different models, according to a statement from the Singaporean watchdog. The Project Ubin initiative, which was first announced last November, has progressed to phase two, which involves “successfully”…

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