Switzerland’s AMINA Bank and Crypto Finance Group Complete Successful Payment Infrastructure Pilot on Google Cloud Universal Ledger
Switzerland’s AMINA Bank and Crypto Finance Group Complete Successful Payment Infrastructure Pilot on Google Cloud Universal Ledger
AMINA Bank AG and Crypto Finance Group, together with other banking partners, have successfully completed a landmark pilot program demonstrating how distributed ledger technology (DLT) can modernise cross-border, cross-currency, and point-of-sale use cases. The pilot, conducted on the Google Cloud Universal Ledger platform (GCUL), enables near-real-time, 24/7 settlement of transactions in fiat currency between Swiss-regulated financial institutions while maintaining the security and compliance standards of traditional banking.
The pilot lays the groundwork in addressing critical inefficiencies in…
