A cross-border settlement process may take a day or more if it starts outside banking hours.
In a practical trial that lasted 7 days, the “Lloyds Bank” completed the settlement of a $750,000 amount using stablecoins through one of its own nodes on the “Canton” network; where the funds reached “Visa” in less than an hour, including over the weekend.
CC (Canton Coin) symbol — infrastructure network
Reason for the link: The trial was conducted via a private node hosted on the Canton Network, a public blockchain network dedicated to financial institutions, ensuring privacy and regulatory compliance.
Nature of the impact:
Support for the investment value of the network token: The CC coin is used to pay for application fees, transactions, and infrastructure on the Canton network. The success of this trial provides a strong boost to the token in terms of real-world use cases and attracts other banking institutions to join the network.
Bank settlement sector tokens (such as XRP / XLM) — competitive impact
Reason for the link: Networks such as Ripple (XRP) and Stellar (XLM) have historically been pioneers in cross-border settlement solutions for banks.
$CC $XRP
In a practical trial that lasted 7 days, the “Lloyds Bank” completed the settlement of a $750,000 amount using stablecoins through one of its own nodes on the “Canton” network; where the funds reached “Visa” in less than an hour, including over the weekend.
CC (Canton Coin) symbol — infrastructure network
Reason for the link: The trial was conducted via a private node hosted on the Canton Network, a public blockchain network dedicated to financial institutions, ensuring privacy and regulatory compliance.
Nature of the impact:
Support for the investment value of the network token: The CC coin is used to pay for application fees, transactions, and infrastructure on the Canton network. The success of this trial provides a strong boost to the token in terms of real-world use cases and attracts other banking institutions to join the network.
Bank settlement sector tokens (such as XRP / XLM) — competitive impact
Reason for the link: Networks such as Ripple (XRP) and Stellar (XLM) have historically been pioneers in cross-border settlement solutions for banks.
$CC $XRP
