April 21, 2020 Argentinian central bank conducts blockchain tests for interbank clearing system.

Argentina’s central bank, The Central Bank of Argentina (BCRA) is conducting tests for a new interbank blockchain-based clearing system. IOV Labs announced on Tuesday that it has created a proof of concept, using a permissioned version of the RSK network, for the BCRA and several Argentinian banks including BBVA and Santander. The platform is designed to increase the speed, reliability, and traceability of fiat payments.