DBS completed a dollar payment to Citi in minutes using tokenized deposits
CryptoSlate says faster transfers could reduce the cash companies park ahead of payments—and help banks retain balances, foreign-exchange fees and lending business.
TLDR
DBS says it completed a dollar payment from Singapore to Citi in New York in minutes using tokenized deposits, CryptoSlate reports. The publisher describes a potential benefit for both companies and banks: faster transfers could reduce cash set aside ahead of payments and help banks retain customer balances, foreign-exchange fees and lending business.
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