Cross-border settlement outside banking hours is slow because correspondent banks stay closed.
Lloyds moved $750,000 in | Hanami
Cross-border settlement outside banking hours is slow because correspondent banks stay closed.
Lloyds moved $750,000 in USDC to Visa in under an hour over a weekend, running its own node on Canton Network while Visa settled separately.
Full story below.
https://startupfortune.com/lloyds-and-visa-settle-750000-in-usdc-faster-than-a-weekend-wire/