Fnality's Blockchain Payment System Links Bank of England Accounts in Landmark Transaction
• Fnality completed first live blockchain payments with funds held at Bank of England, seen as major milestone
• Payments made using special account introduced by BOE to enable innovation and competition
• Aims to set up more blockchain payments systems for other currencies overseen by central banks
• Seeks to bridge gap between mainstream and digital finance, cut costs and time for wholesale payments
• Plans to bring on more banks as shareholders, roll out related settlement and repo services in future