Twenty Banks Join Hong Kong-Singapore Blockchain Partnership

[barabut]

Twenty Banks Join Hong Kong-Singapore Blockchain Partnership. According to local bankers, up to twenty banks may sign to participate in the Blockchain-backed trade network between Hong Kong and Singapore. The agreement would make both countries stand out in terms of institutional-level Blockchain practices.
Twenty banks will be participating in the "co-operation" already planned by two national currency councils. The two countries, generally considered rival, will make a significant leap in Asia's financial sector by working together to accelerate the transfer of finance and digital documents.
How would this effect the ecosystem?

[barabut]

Twenty Banks Join Hong Kong-Singapore Blockchain Partnership. According to local bankers, up to twenty banks may sign to participate in the Blockchain-backed trade network between Hong Kong and Singapore. The agreement would make both countries stand out in terms of institutional-level Blockchain practices.
Twenty banks will be participating in the "co-operation" already planned by two national currency councils. The two countries, generally considered rival, will make a significant leap in Asia's financial sector by working together to accelerate the transfer of finance and digital documents.
How would this effect the ecosystem?

Together, countries create a strong financial alliance of the two greatest provinces, strengthening the concept that previously competing countries can work together.

[harrypotter1229]

This should be the latest news. In the first half of the year, there were some hints that there was a lot of conflict between the bank and the block chain. The current situation, if the bank also began to embrace the block chain, then, bitcoin spring, really started

[junoreactor]

Don't know much about Hong Kong but know a bit about Singapore, it is very Bitcoin friendly.
Interestingly, Singapore is officially a dictatorship, and is more tolerant towards Bitcoin than my country France which is democratic.
That sadly says a lot about France and this is not the only case of democracy not willing to give cryptos an official status.

Good news anyway for Asia, thanks for posting.

[Pursuer]

How would this effect the ecosystem?

well it will depend mostly on what they are planning to talk about in this partnership they are forming. I couldn't find much information about it and their goals but based on my experience these things are not really bitcoin related ever. they are mostly planning on adopting the blockchain technology itself and the name of this this partnership is also suggesting that. in which case it has no effect on the "ecosystem" if you ask me, they will make something centralized and bitcoin will still remain the only decentralized and global crypto currency.

[eagleman]

Twenty Banks Join Hong Kong-Singapore Blockchain Partnership. According to local bankers, up to twenty banks may sign to participate in the Blockchain-backed trade network between Hong Kong and Singapore. The agreement would make both countries stand out in terms of institutional-level Blockchain practices.
Twenty banks will be participating in the "co-operation" already planned by two national currency councils. The two countries, generally considered rival, will make a significant leap in Asia's financial sector by working together to accelerate the transfer of finance and digital documents.
How would this effect the ecosystem?

You have lack on this news, where's the source for this? It will be better if you'll post on where did you get the signal for this news.
Back to the topic, if I can remember this news was about months ago when there are banks that are studying to implement the usage of blockchain technology for their business. Effect of this will be good first to us who are in crypto and next it will make these banks rebranding their service.