Blockchain platform processes one billion daily transactions

UK start-up Setl hits milestone as financial industry seeks to gain from the distributed ledger technology


Blockchain platform Setl claims to have established a test network of distributed ledgers able to process more than a billion potential payments a day.

The "milestone" figure announced on October 12 represents the volume of non-cash electronic payments made globally every day, and is a breakthrough for the financial services industry seeking to adopt a low-cost and transparent transaction infrastructure.

The London-based firm, founded by a group of hedge fund investors and trading executives, is

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