ICBC (Asia) completes the first blockchain cross-border RMB letter of credit transaction to pay for imported iron ore

Summary

[ICBC (Asia) completed the first blockchain cross-border RMB letter of credit transaction to pay for the payment of imported iron ore]ICBC (Asia)’s official website reported on September 20 that Industrial and Commercial Bank of China (Asia) Co., Ltd. recently used the financial technology company CONTOUR , Successfully assisted the bulk commodity trading platform Jidong Development (Hong Kong) International Co., Ltd. to complete the first cross-border RMB letter of credit transaction based on blockchain technology. In this transaction, ICBC (Asia) through the CONTOUR platform directly issued a digital RMB letter of credit for Jidong Hong Kong to a large foreign upstream mining company to pay for the import of iron ore. (Interface News)


ICBC (Asia) official website news on September 20, ChinaICBC(Asia) Co., Ltd. recently, through the financial technology company CONTOUR, successfully assisted Jidong Development (Hong Kong) International Co., Ltd., a commodity trading platform, to complete the first cross-border RMB letter of credit transaction based on blockchain technology. In this transaction, ICBC (Asia) through the CONTOUR platform directly issued a digital RMB letter of credit for Jidong Hong Kong to a large foreign upstream mining company to pay for the import of iron ore.

(Article Source: Interface News)


Article source: interface news

Editor in charge: DF526

Original title: ICBC (Asia) completed the first blockchain cross-border RMB letter of credit transaction to pay for imported iron ore

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