LC LITE To Streamline $2.3 Trillion Letters Of Credit Market With Blockchain Based Platform

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The LC LITE units of exchange serve as means of payment booking for the LC contract.

The founders of global invoice finance provider, Incomlend, are launching a new platform built on the blockchain, bringing the benefits of an immutable and decentralised system within the annual $2.3 trillion Letters of Credit (LC) market. Approximately 13% of global goods trade is financed by LCs. LCs are a financial instrument to guarantee payment from an importer to […]

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