HSBC - one of the world's largest banking and financial services organisations - has completed the first yuan-denominated letter of credit using blockchain technology. According to Reuters, HSBC ...

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan. By Daniel Palmer Updated Sep 13, 2021, 11:24 a.m. Published Sep 3, 2019, 8:12 a.m.

HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use digital ledger ...