Vantage and Rio Bank settle a loan payment with tokenized deposits on Ethereum
Photo: Crypto Briefing
Principal and interest reached the receiving bank's wallet in under three minutes, with loan records updated at the same time Two Texas-area names you probably haven’t heard of just did something most big banks are still writing white papers about. Vantage Bank and Rio Bank completed a loan payment between themselves using tokenized deposits on Ethereum . According to Participate, the platform that handled the deal, the principal and interest landed in the receiving bank’s digital wallet in under three minutes . Loan balances and payment notices updated in the same motion as the money moved.
Also reported by The Defiant.
Source: Crypto Briefing
