Skip to main content

President Xi’s Blockchain Strategy Unfolds As China Exim Bank Executes Cross-border Payment Using New Tech

The Export-Import Bank of China (China Exim Bank) has completed its first exchange payment using blockchain technology.

Traditionally, businesses must file a request with the tax department and submit a filing form to the bank in order to complete foreign exchange payments.

The new blockchain model has helped the bank to cut down on the time taken to make multiple round trips, reducing audits and improving transaction costs as a new blockchain-enabled process.

China Exim Bank has adopted Blockchain Tech for cross-border payments with a vision to enhance processes related to finance, improvement of mass transit and alleviation of poverty.


MoonX has built 'World's Fastest Trading & Banking Ecosystem' and enabling blockchain excellence to conquer the cost, control & compliance like never before! Incorporated as an engineering powerhouse for fintech excellence, MoonX is making trading and banking in modern financial markets speedy, secure, scalable, and smart with the power of enterprise standard financial technologies. MoonX has developed cutting-edge "Blockchain Technology" capabilities to lead the way to a disruptive future powered by transparency, security, decentralization, and productivity. By meticulously crafting bespoke blockchain solutions using continuous testing, we drive quantum leaps in efficiency and innovation to set higher industry benchmarks for Enterprises & Governments. Currently, the fintech startup offers a suite of exchange technology solutions customized for banks (BFSI), payment service providers, stock/crypto exchanges, CBDC, IT security services, manufacturing, and more. Come, Let's explore the future of blockchain with MoonX and create value for you, your clients, and the world around us!