Singapore's Blockchain Payments Platform Ready for Commercial Launch

[Riya143]

The Monetary Authority of Singapore is ready to deploy its multi-currency blockchain payments project for commercial use.
Singapore authorities announced today that their blockchain payments project, Project Ubin, is complete and ready for commercial launch.

The Monetary Authority of Singapore, or MAS, first undertook Project Ubin in 2017 with plans to first develop a digitized Singapore dollar (SGD). The next steps involved exploring blockchain and distributed ledger technology to build a system for the clearing and settlement of payments and securities using digital SGD.
Read MORE: https://cointelegraph.com/news/singapores-blockchain-payments-platform-ready-for-commercial-launch