South African Reserve Banks Consider Ethereum Blockchain as ‘Backup’

Ethereum Blockchain News

The South African Reserve Bank (SARB) has successfully completed its 14-week realistic trial pilot test of the Ethereum-powered platform for bank-to-bank payment transfer, Quorum. The SARB has confirmed that the pilot test done will only be considered as backup, not replacement, in the report as per stated by the SARB’s Deputy Governor, Francois E. Groepe.

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