Blockchain technology has always been thought to be capable of making a big impact in the financial sector. There’s still a lot of work to be done in that regard, but the Monetary Authority of Singapore is on the right track. Its Project Ubin has gotten a lot of attention in the country already. With three different blockchain-based payment prototypes in development right now, the future looks rather bright for this particular venture. MAS Embraces Blockchain for Project Ubin It is always interesting to see financial authorities embrace blockchain technology for specific purposes. The Monetary Authority of Singapore is currently in the process of
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