Twenty Banks Join Hong Kong-Singapore Blockchain Partnership. According to local bankers, up to twenty banks may sign to participate in the Blockchain-backed trade network between Hong Kong and Singapore. The agreement would make both countries stand out in terms of institutional-level Blockchain practices.
Twenty banks will be participating in the "co-operation" already planned by two national currency councils. The two countries, generally considered rival, will make a significant leap in Asia's financial sector by working together to accelerate the transfer of finance and digital documents.
How would this effect the ecosystem?
You have lack on this news, where's the source for this? It will be better if you'll post on where did you get the signal for this news.
Back to the topic, if I can remember this news was about months ago when there are banks that are studying to implement the usage of blockchain technology for their business. Effect of this will be good first to us who are in crypto and next it will make these banks rebranding their service.
