Russian bank issues first on-chain bank guarantee in Chinese yuan By Cointelegraph
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Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming that the product is the first in the country. The bank guarantee exceeds 100 million — or nearly $144,600 at the time of publication.
According to a statement, the transaction was conducted through the Masterchain blockchain platform, the Russian national blockchain network created to transfer digital assets between participants.
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Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming that the product is the first in the country. The bank guarantee exceeds 100 million — or nearly $144,600 at the time of publication.
According to a statement, the transaction was conducted through the Masterchain blockchain platform, the Russian national blockchain network created to transfer digital assets between participants.
Continue Reading on Coin Telegraph
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