Canadian Bank Completes 20-Second Cross-Border Payment
PYMNTS
JULY 15, 2016
ATB Financial announced on Thursday (July 14) that it successfully sent a payment of CA$1,000 to Germany using blockchain-based technology supported by the SAP HANA Cloud Platform. According to ATB, the payment made typically takes up to six business days to complete; the bank managed to complete the transaction in 20 seconds, it said.
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