Tag: UK Innovate

Tramonex Receives £248,000 from UK Government to Build Blockchain Foreign Exchange Platform

Innovate UK, which was allocated £561 million to back innovative fintech startups within Britain, has awarded £248,000 to London-based Tramonex, a blockchain developer firm tasked with designing a prototype foreign exchange remittance system. According to the abstract, the £248,000 grant will used for building a blockchain-based platform that can execute 10-minute foreign exchange transfers. The platform will be fully automated and will perform all the necessary KYC/AML procedures to remain …
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