Across the World in 10 Sec: National Australian Bank Sends $10 Using Blockchain

Across the World in 10 Sec: National Australian Bank Sends $10 Using Blockchain

The NAB, or National Australian Bank successfully made its first Blockchain transaction of $10 from its home in Australia to Canada. Even though this is a small amount of money, it is a historical moment for the bank which plans to continue developing Blockchain for Fintech uses. The transaction across continents. According to NAB, the transaction was between 2 employee accounts, one from Australia and the other located in Canada. The transaction itself took roughly 10 seconds to complete and is considered Proof-of-Concept to the bank. Jonathan Davey, Executive General Manager of NAB said:....


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