HSBC says it has completed $250bn FX trades using blockchain

Blockchain appears to be gaining traction in the banking sector with HSBC announcing that it has settled $250bn worth of forex trades using the technology in the last year.In a statement, the bank revealed that it has settled over three million forex trades and made over 150,000 payments using blockchain since February.HSBC did no provide any data on forex trades settled using traditional processes though it did say that those settled by blockchain represented a “small” proportion of