Indian corporates and banking giants trial cryptocurrency for internal purposes: Report
Indian corporates and banking giants trial cryptocurrency for internal purposes: Report
A number of major Indian corporate and banks are reportedly experimenting with cryptocurrencies to enhance their internal operations.
According to a report from The Economic Times dated January 05, Hindustan Unilever, Reliance Industries, HDFC Bank, and ABG Shipyard are working on crypto and blockchain pilots in areas such as “internal treasury management, record keeping and trade finance functions.”
A source familiar with the matter told the news outlet that the cryptocurrency would only be used internally by the companies and banks.
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