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Citi and DBS settle weekend dollar payment in minutes, CoinGape reports

CoinGape says the banks used tokenized deposits on Swift’s Digital Ledger for their first weekend cross-border U.S. dollar payment.

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3 Sources, 24d ago, first seen 24d ago

TLDR

Citi and DBS completed their first weekend cross-border U.S. dollar payment using tokenized deposits on Swift’s Digital Ledger, CoinGape reports. The publisher says the payment settled in minutes instead of up to two business days.

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178.9K

3 Sources, first seen 24d ago

629 likes97 comments61 saves110 reposts

Combined views

178.9K

3 Sources, first seen 24d ago

629 likes97 comments61 saves110 reposts

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3 Sources

@CoinDeskJUST IN: DBS and Citi complete the first weekend USD cross-border payment between Singapore and the U.S. via Swift Digital Ledger, settling in minutes what traditionally takes up to two business days.
@CoinGapeMedia🚨 Citi & DBS Enable 24/7 USD Payments @Citi and #DBS completed their first weekend cross-border USD payment using tokenized deposits on #Swift’s Digital Ledger, settling in minutes instead of up to two business days. 🔗 Know more in comments
@pymnts🤝 @dbsbank and @Citi launch instant tokenized cross-border payments. Details on PYMNTS: https://hubs.ly/Q04wVH6p0
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    3 Sources

    @CoinDeskJUST IN: DBS and Citi complete the first weekend USD cross-border payment between Singapore and the U.S. via Swift Digital Ledger, settling in minutes what traditionally takes up to two business days.
    @CoinGapeMedia🚨 Citi & DBS Enable 24/7 USD Payments @Citi and #DBS completed their first weekend cross-border USD payment using tokenized deposits on #Swift’s Digital Ledger, settling in minutes instead of up to two business days. 🔗 Know more in comments
    @pymnts🤝 @dbsbank and @Citi launch instant tokenized cross-border payments. Details on PYMNTS: https://hubs.ly/Q04wVH6p0
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