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    News in brief

    Nordic bank to use blockchain for money transfers

    News in brief

    Nordic bank SEB has signed an agreement with distributed financial technology provider Ripple to use the company’s blockchain technology solution as a basis for payment transactions. “The first step will be to enable customers to make real-time transfers between SEB accounts in Stockholm and New York,” the bank says. “The first customer transactions are planned for next year, and will offer customers real-time transfers with later cut-off times than today.”

    Filed by Email Rian Boden Published • Last updated 9 November 2016, 12:14

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