News Snapshot:
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...
