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Lloyds, Matalan, and Yatex complete first fully cross-border trade transaction
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Lloyds, Matalan, and Yatex complete first fully cross-border trade transaction
Lloyds Bank has completed what it claims is the first fully digital cross-border trade transaction between the UK and China, processing all documentation for retailer Matalan and Chinese exporter Yatex in under 24 hours. The transaction, completed on Tuesday, used a digital bill of exchange alongside supporting documents powered by blockchain verification technology from Swedish fintech Enigio, and executed through an interoperable digital chann…
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