The first cross-border commercial transactions were conducted on the platform called we.trade – an initiative created by a group of financial giants, including Deutsche Bank, HSBC and Rabobank. These transfers are not only cross-border and multi-bank, but also blockchain-powered.
Lately, 10 companies conducted trading on the platform we.trade via four different banks in five countries. The list of participants includes Santander, Société Générale and others – from 11 European countries.
After we.trade is fully operational, the platform is supposed provide an economical solution at the enterprise level.