Fnality boss expects the 'starting gun' soon for the project formerly known as Utility Settlement Coin

Quick Take

  • The CEO of Fnality expects central banks to clear the way for DLT-based payment systems by the end of the year.
  • A lack of regulatory clarity has delayed Fnality’s launch.
  • The project’s developers say calling it a “coin” confuses the issue.
The highly anticipated DLT system for bank-to-bank payments has been held up waiting for approval from central banks, according to CEO Rhomaios Ram.

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