Commerzbank Tests a Blockchain-Based Payment Solution

Commerzbank Tests a Blockchain-Based Payment Solution. Commerzbank, the second-largest bank in Germany, is exploring a blockchain-based payments solution that won’t require human intervention, according to an announcement Thursday.

The bank has already completed testing the first use case of the solution, where it issued euros on a blockchain and provided automobile giant Daimler Trucks, the maker of Mercedes-Benz cars, with “cash on ledger” to process the payment.

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Commerzbank Tests a Blockchain-Based Payment Solution