The Bank of England is working on a proof-of-concept (PoC) to study the compatibility of Real Time Gross Settlement (RTGS) service through Distributed Ledger Technology. The RTGS are those payments which are processed immediately ‘on a one-to-one basis.” The UK bank would associate with firms such as Baton Systems, Clearmatics Technologies Limited, R3, and others to integrate blockchain in payment solutions.
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