BNP Paribas revealed it has completed real-time payments for two of its longstanding corporate clients, Amcor and Panini Group using blockchain technology. The bank has successfully processed and cleared payments in various currencies for Panini Group and Amcor between their BNP Paribas bank accounts located in Germany, the Netherlands and the United Kingdom. The bank said the payments were fully processed and cleared in a few minutes, highlighting the potential of blockchain technology to eliminate delays, unexpected fees and processing errors, paving the way for real-time cash management. The pilot project is part of the bank’s Cash Without Borders program for international payments, which leverages distributed ledger technology to avoid delays, unexpected costs and processing errors, and provide settlement and reporting in real time.
