Taiwan Bank Integrates Ethereum-based Payment System

May 16, 2018

Major Taiwan private bank, Taipei Fubon Commercial Bank, became the first to integrate Ethereum-based blockchain payment system. Today this function can be used by restaurants and sellers located near National Chengchi University.

The project is quite successful as for the first 14 days after launch transaction volume within the experimental zone has grown by 400%. What is more, transactions now take few seconds while all related data is encrypted and saved at blockchain which allows for clients to get swift access to all operations done.

Note that over half a year ago the bank presented this concept and coordinated all niceties with the above mentioned university. Today the company plans attracting shops and organizations in the area.

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