BoE distributed ledger project delivers cross-border payments success
Bank of England completes transactions across two RTGS networks using Ripple’s DLT solution
The Bank of England (BoE) has successfully completed a set of cross-border transactions using distributed ledger technology (DLT) as the infrastructure for the network.
In an update on its Fintech Accelerator, published July 11, the UK central bank announced its initiative with DLT start-up Ripple had been a success.
“We successfully integrated the Ripple solution with two simulated real-time gross settlement (RTGS) systems, hosted in the cloud, and demonstrated that we could process a
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