Blockchain for Banking News

CULedger to use Hedera for cross-border payments

consumer digital payment
CULedger, the blockchain consortium for credit unions, plans to use the Hedera public hashgraph for cross-border payments. Two months ago CULedger unveiled MyCUID to prevent identity fraud. MyCUID uses the Sovrin identity blockchain, and the primary backbone is Swirlds, the permissioned version of Hedera. The plan is to use Hedera in conjunction with MyCUID for cross-border consumer payments. They envision the payments to include e-commerce and real estate transactions.
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