China Construction Bank to Sell $3 Billion Debt Bond on Blockchain


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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Blockchain technology has given companies the opportunity to move from traditional operating methods to simpler methods. The latest developments in China confirm this point. $3 Billion Bond Set for Sale via Bitcoin China Construction Bank , the world’s second-largest bank, announced plans to sell $3 billion in debt to the public through Bitcoin. This is accomplished in partnership with Fusang Exchange, a Hong Kong financial technology company, as a broker. $3 billion worth of digital certificates of deposit is traded on digital exchanges in Malaysia, according to an official news media report. The debts are sold through bonds that are...