Commerzbank to Pilot Blockchain-powered Platform System

An announcement was made by a major German bank, Commerzbank AG that they will be launching a blockchain-based payment system for machine-to-machine payments, in the pilot the bank issued euros via blockchain and provided a truck system called Daimler Trucks with “cashon ledger” to process the payment. A member of Commerzbank, Stephan Muller said, “As a bank, we see our mandate as creating new digital payment architectures for our clients.”

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