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Saudi British Bank

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HSBC executes two pilot blockchain letters of credit in the Gulf

HSBC announced it completed two blockchain letters of credit (LC) transactions — one between firms in Saudi Arabia and Bahrain, and another between companies in Oman and Abu Dhabi. For the first LC involving Saudi British Bank (SABB) acted as the issuing bank for Saudi Arabia’s Altaiseer Aluminium Corporation (TALCO), which provided the letter of...

a year ago

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