Central banks are swapping cryptocurrencies through blockchain for the first time

This operation is a partnership between the Bank of Canada and Monetary Authority of Singapore. In this way, cross-border payments will be cheaper, faster and safer. Doug Alexander (Bloomberg) explains that the experimental payment network was done in partnership with Accenture and JPMorgan Chase & Co. David Treat, global blockchain lead for Accenture, called the test “a big milestone for the modernization of cross-border, cross-currency transactions.”