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HSBC drives Bangladesh’s first crossborder blockchain LC transaction

HSBC drives Bangladesh’s first crossborder blockchain LC transaction

HSBC has hit another milestone by successfully executing the first-ever crossborder Blockchain Letter-of-Credit (LC) transaction in Bangladesh. The transaction involved the import of 20,000MT of fuel oil by United Mymensingh Power Limited, Bangladesh from Singapore, for their power plant, according to a media release.






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