A breakthrough from Switzerland! π¨π Banking giant UBS has tested UBS Digital Cash, a blockchain solution poised to revolutionize cross-border payments. π‘
What is UBS Digital Cash?
A new payment system enabling ultra-fast, transparent international transfers built on a blockchain accessible only to authorized clients. π‘οΈ
How Does it Work?
π Transactions are executed via smart contracts that automatically fulfill deal conditions.
π΅ Supported currencies: USD, Swiss francs, euros, and yuan.
π Tests show significant reductions in time and costs for international payments.
Why It Matters?
UBS is paving the way for fintechβs future with a platform where reliability and speed come first.
πΌ Corporate clients can manage finances fasterβideal for global companies.
