The transfers – to NAB’s subsidiaries in New Zealand, Singapore, Japan, the United States, Europe and Britain – point to a future of instant and cheap cross-border payments compared to the current system, known as SWIFT.
We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests.National Australia Bank will test foreign exchange transfers using the Ethereum blockchain and its own stablecoin as it moves to offer a digital version of the Australian dollar even before a central bank digital currency created by the Reserve Bank.
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