Setl , Deloitte and Setl , a blockchain start-up, have developed a contactless payment card using distributed ledger technology. The project came about through the Financial Conduct Authority's regulatory sandbox which is designed to let firms create and test new technology with a close eye from regulators. Having already been tested by one people as part of Metro Bank fintech sandbox, the card uses Metro Bank ’s Smart Identity to identify users and then payments are processed over the Financial Conduct Authority's 's blockchain.
Setl , Deloitte and Setl , a blockchain start-up, have developed a contactless payment card using distributed ledger technology. Having already been tested by one people as part of Metro Bank fintech sandbox, the card uses Metro Bank ’s Smart Identity to identify users and then payments are processed over the Financial Conduct Authority's 's blockchain.