Standard Chartered Bank (SCB) has announced the blockchain-based cross-border remittance service for Bangladesh, as the South Asian nation of Bangladesh will soon get its first blockchain remittance system that will allow Bangladeshi expats in Malaysia to instantly transfer wage remittances to their home country. It has been reported that SCB developed the remittance service in collaboration with the Bangladesh-based mobile banking platform bKash and the Malaysian remittance

Standard Chartered, a British multinational banking and financial services company, has successfully leveraged blockchain technology to conduct Bangladesh’s first blockchain trade transaction. On August 16, it has been reported by Newage that the Standard Chartered bank issued a Letter of Credit (LC) for the trade between garment exporter Viyellatex Ltd and Viyellatex Spinning on the Contour blockchain network. LC is a letter from a bank guaranteeing that a buyer’s payment to

IBM has announced an initiative to build a distributed ledger technology-based architecture to underpin the digital pension system for Bangladeshi primary school teachers. The proof-of-concept comprises a permissioned network of teachers and other stakeholders powered by the IBM Blockchain Platform. The pension information will be uploaded to the blockchain to ensure tamper-resistant record-keeping and offer security assurances to teachers participating in GBB’s e-pension sys

Bank Asia, the Bangladesh-based bank, has joined Ripple’s RippleNet blockchain-based financial services network. Everyone will engage RippleNet!!! https://t.co/ZezfLMFwBD — 🐼PandaRippleXRP🐼 (@RipplePandaXRP) February 13, 2020 On February 10, it has been reported that the partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document. Still, the partnership must be well over a month old, given that the document in

Finney, the world’s first blockchain-enabled smartphone is going to launch in Bangladesh. The Switzerland-based Sirin Lab’s smartphone, Finney, developed the phone following one of the five-largest initial coin offerings of 2017 ($157.8 million), and it is going to be one of the most secure and expensive smartphones in the market. It has been reported that on September 9, the Bangladesh Telecommunication Regulatory Commission (BTRC) has approved the phone for import on August