American Bank Employs Blockchain

The Bank of America(BofA) has become the most recent Wall Street institution to integrate blockchain solutions into its systems through the Paxos Settlement Service. This move by the second largest bank in America seeks to attain a same-day settlement of stock trades, thanks to the blockchain technology Paxos provides.  According to Kevin McCarthy, BofA's head of financing and clearing, the fast settlement option with Paxos will start once the bank is cleared to operate as a clearing agency. In 2019,…