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UBS tests a blockchain payment system, UBS Digital Cash, to enhance cross-border transactions.
Swiss bank UBS has successfully tested a blockchain-based payment system called UBS Digital Cash, aimed at improving cross-border transaction efficiency.
The pilot involved transactions in multiple currencies with multinational clients and banks.
The system utilizes a private blockchain and smart contracts for secure payments.
While UBS plans to further develop the system, it has not announced a specific launch date.
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UBS prueba un sistema de pago de blockchain, UBS Digital Cash, para mejorar las transacciones transfronterizas.