South Africa’s Central Bank Sees Ethereum Blockchain Only as ‘Backup’

<br />The South African Reserve Bank (SARB), South Africa’s Central Bank, has concluded a multi-bank project to test bank-to-bank payment transfers using the Ethereum based platform, Quorum. Project Khokha is a collaboration of eight South African banks including SARB, Absa, Capitec, Discovery, Investec, FirstRand, Nedbank, and Standard Bank. 70,000 Transactions in Two Hours The project used the Ethereum blockchain platform Quorum. It aimed to replicate South Africa’s current bank-to-bank payment platform, the South African Multiple Gross<br />Read More<br />The post South Africa’s Central Bank Sees Ethereum Blockchain Only as &#8216;Backup&#8217; appeared first on Bitcoinist.com.

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