The blockchain-based system that Wells Fargo & Company (WFC) and HSBC Bank plc are utilizing to resolve bilateral foreign exchange transactions will now handle offshore yuan (CNH) transactions, they revealed today. Offshore Yuan – Fifth Currency to Resolve Ledger The offshore yuan is the fifth currency to be resolved between two banks utilizing a similar settlement ledger, which also includes the euro, British pound sterling, Canadian dollar, and US dollar at the time. In the coming months, HSBC and Wells Fargo intend to add more currencies to the shared DLT system, which they launched in December 2021 and have already The post Wells Fargo and HSBC Expand DLT Solution to Include Offshore Yuan appeared first on Cryptoknowmics-Crypto News and Media Platform .
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