Standard Chartered Bank and Bank of Communications signed the "Digital Currency Strategic Cooperation Memorandum."

ChainCatcher news, according to Xinhua Finance, during the Sibos annual conference organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Standard Chartered Bank and Bank of Communications signed a "Digital Currency Strategic Cooperation Memorandum."

The two parties will establish a joint working group to jointly explore the establishment of a cross-border payment settlement infrastructure and mechanism for digital currency, enhance the efficiency and convenience of cross-border payment settlements, co-create richer digital currency application scenarios, and promote the expansion of digital currency applications through the incremental customer value brought by innovative application scenarios.