SEB to Build Blockchain Channel Between New York and Stockholm

SEB to Build Blockchain Channel Between New York and Stockholm

Swedish bank SEB will soon enable customers to make real-time transfers between accounts in Stockholm and New York. The new feature will be built using technology provided by distributed ledger startup Ripple, a San Francisco startup that specializes in enterprise cross-border applications. SEB said it plans to make the service live next year, which an eye for larger expansion thereafter. In statements, Paula da Silva, head of Transaction Services at SEB, expressed a desire to build connections with other banks and financial institutions as it seeks to use the technology more broadly in....


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